产业新闻

TSX-listed McEwen Mining CEO Rob McEwen on Thursday cautioned shareholders that recent energy-industry expropriation and Argentina government policy decrees augured negatively for its San José silver/gold mine and other development projects. At its general meeting, McEwen said there is uncertainty with regard to repatriating funds from the San José, which could impair the company's ability to internally finance its projects. ...

South Africa-based Waterpan Mining Company (WMC), along with unnamed investors, aims to bid for a controlling stake in First Uranium if shareholders vote down two proposed deals to sell its main assets at June 13 meetings, director Chopper van der Bijl said on Friday. Cash-strapped First Uranium had last month snubbed a potential $80-million offer from a consortium comprising Russia’s Renova group and WMC for the Toronto- and Johannesburg-based company’s Ezulwini gold and uranium mine, located west of the city. ...

Railroad operating company Kansas City Southern said on Friday shipments of coal, farm products and chemicals are weaker than it had expected a month ago, but it kept its full-year profit forecast unchanged, saying shipments should pick up once the railroad moves past some temporary factors. "We had a much more positive outlook 30 days ago," CFO Michael Upchurch told the Bank of America Merrill Lynch global transportation conference. ...

TSX-V-listed Rambler Metals on Friday said it agreed to sell an additional C$4.13-million stake to 11.5% shareholder Tinma International. The aspiring mid-tier miner, which owns the Ming copper/gold mine in Baie Verte, Newfoundland and Labrador, also said it would seek to list on London’s Aim. ...

Aim-listed Mwana Africa said on Friday it would sell a 15% stake in its Freda Rebecca gold mine, in Zimbabwe, to a longstanding board member. Kenneth Musanhi, a Zimbabwean businessperson, would pay $405 000 for the stake. ...

Mongolia's Parliament passed a controversial law aimed at capping foreign ownership in "strategic" industries like mining on Thursday, but investors expressed relief that the legislation was weaker than first anticipated. The bill has been watered down considerably since it was first drafted by a group of backbench MPs alarmed by a decision by Canada's Ivanhoe Mines to sell its 58% stake in coal miner SouthGobi Resources to the Aluminum Corporation of China (Chalco). ...

TSX-listed Silvercorp Metals on Thursday said fourth-quarter profit fell by 19% to $9.7-million quarter-on-quarter, or 6c a share, weighed down by increased production costs despite higher prices achieved. The lower net income was mainly attributable to a charge of $1.5-million of forensic audit and legal fees to fight a short-sellers' attack, higher production costs, partially offset by higher sales revenue, and higher general and administrative costs as the company had three projects under development, compared with only one last year. ...

The updated 2012 rare earths export quotas China published on Thursday implied a total of 31 438 t for the year, a slight increase on 2011’s figure, consultancy Technology Metals Research (TMR) said. The Ministry of Commerce (Mofcom) in December announced a first round of export allocations of 24 904 t for company’s in 2012, telling them it would allow them to export more, provided they met certain environmental requirements by July. ...