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Brazil's MMX Expands Iron Ore Production, Profits

Brazilian iron ore miner MMX Mineracao e Metalicos SA (MMX) which is controlled by Eike Batista posted a profit for the second consecutive quarter as it expanded its iron ore production.

27 Mar 2011

Equinox Minerals Posts Strong Quarterly Results

Equinox Minerals has beaten analysts estimates as it reported a fourth quarter profit. It also said that its full year copper output has surpassed its guidance. Equinox ended the year with $319,480 million in cash and cash equivalents.

10 Mar 2011

Miners Upbeat at World’s Largest Mining Event

The Prospectors and Developers Association of Canada (PDAC) brought together the who’s who of the mining fraternity at the world’s largest mining convention as over 22,000 delegates attended the event. PDAC executive director Tony Andrews said that mining was a cyclic business and that it was currently on a major upswing thanks to the rise in commodity prices.

7 Mar 2011

Exciting Times Ahead for Avocet Mining After Strong Year

Avocet Mining has said that the year ending December 31 has seen a pre-tax profit of $33.55 million. They reported this exceptional increase of 221% as the prices of gold rose and so did their output in 2010.

From Avocet Mining PLC 23 Feb 2011

Glenn Stevens Says Resources Boom Will End, Urges Australians to Save

Glenn Stevens, the Reserve Bank governor, warned Australians that the mining boom would not last forever and they need to save for the time when commodity prices will fall.

23 Feb 2011

Australian Greens Pushing for More Revenue from Mining

With record profits announced by BHP Billiton and the alleged loss of tax funds due to the renegotiation of the new mining tax, there has been a call by the Australian Greens to impose a higher tax on mining companies.

From BHP Billiton Plc 21 Feb 2011

Onward & Upwards for BHP Billiton as Profits Soar

First half year profits of BHP Billiton took a record leap of a 71 % to reach a profit of $10.6 billion of which $10 billion will be returned to shareholders. Reuter’s analysts had predicted a profit of $10.3 billion for the same period and they were also surpassed.

From BHP Billiton Plc 16 Feb 2011

Record Earnings for BHP Billiton

BHP Billiton is expected to post record $15 billion earnings for the six month period pre-tax. This would give the company a $30 billion plus full year result. It has broken the record for biggest profits posted by a company in Britain with this. The last record was set by Shell three years ago when it unveiled profits of $27.5 billion.

From BHP Billiton Plc 14 Feb 2011

Harmony Gold Posts Strong Quarter Results

Harmony Gold Mining Company Limited, the third largest gold producing company in Africa, has announced a 33% second fiscal quarter operating profit thanks to the rising price of gold bullion.

From Harmony Gold Mining Company Limited 9 Feb 2011

Silvercorp Metals Announces Third Quarter Silver Results

Silvercorp Metals Inc. (TSX:SVM)(NYSE:SVM) today reported its unaudited financial and operating results for the third quarter ended December 31, 2010.

From Silvercorp Metals Inc. 9 Feb 2011