StockMarketWire.com - Rio Tinto (RIO) released production figures that revealed a surge in iron ore output. The market is already in oversupply, so further output from Rio and other mines threatens to hurt iron ore prices and decrease future earnings.

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Evraz (EVR) produced 9% less crude steel in the second quarter of 2016 mostly due to planned capital repairs at blast furnace 1 at EVRAZ ZSMK.

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FinnAust Mining (FAM) received approval from the Mineral Licence and Safety Authority for its 2016 work programme at the Pituffik Titanium project in north-west Greenland.

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Sunrise Resources (SRES) said it's targeting Carlin-style gold mineralisation at the Newark Gold project in Nevada, which includes some of the largest gold deposits in the world.

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Petropavlovsk (POG) said total gold production decreased by 22% to 187,400 ounces in the first half of 2016 compared to the same period last year, which was mainly caused by scheduled processing of lower grade material and the impact of severe flooding.


At 2:52pm:

[LON:BEM] Beowulf Mining PLC share price was -0.08p at 4.25p

[LON:BKY] Berkeley Energia Ltd share price was +1p at 43p

[LON:CEY] Centamin PLC share price was +0.7p at 158.9p

[LON:CHL] Churchill Mining PLC share price was +1.25p at 24.13p

[LON:CZA] Coal of Africa Ltd share price was +0.02p at 3.28p

[LON:EVR] Evraz Plc share price was -3.6p at 158.8p

[LON:FAM] FinnAust Mining Plc share price was +0.03p at 5.23p

[LON:FDI] Firestone Diamonds PLC share price was +0.75p at 32p

[LON:FRES] Fresnillo PLC share price was +24p at 1898p

[LON:GEMD] Gem Diamonds Ltd share price was -0.62p at 126.13p

[LON:HOC] Hochschild Mining PLC share price was +1.2p at 225.4p

[LON:KMR] Kenmare Resources PLC share price was +0.04p at 1.15p

[LON:POG] Petropavlovsk PLC share price was -0.35p at 7.26p

[LON:RIO] Rio Tinto PLC share price was -68p at 2394.5p

[LON:SRES] Sunrise Resources PLC share price was +0.02p at 0.22p

[LON:VED] Vedanta Resources PLC share price was -5p at 518.5p



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