RUSAL, the world's top aluminium producer, expects a new offer from Norilsk Nickel for its 25 percent stake in the nickel giant, RUSAL co-owner and board chairman Viktor Vekselberg said on Jan. 24. Reuters reports:
Results are in from the in-fill diamond drill program at the Reed Lake deposit near Snow Lake, Manitoba, Canada. VMS Ventures Inc. says the latest results are from holes RDL016 to RDL022 inclusive, which were drilled to test the continuity and lateral extent of the zinc-copper zone which extends vertically near surface.
At least 30 miners were trapped by an explosion in a coal mine in northeastern Colombia, the mayor of the town of Sardinata said Wednesday, Jan. 25, according to a report from Fox Chicago News.
Shares in Vancouver-based Candente Copper Corp rose 18,3% on Jan. 18, after the company published a pre-feasibility progress report on its Canariaco Norte copper project, in Northern Peru. Mining Weekly reports:
NYSE-listed Arch Coal has signed a five-year agreement with Canada's Ridley Terminals, which will allow Arch to export coal through the bulk-commodity marine terminal near Prince Rupert, in British Columbia. Mining Weekly reports:
Mining Weekly reports that Toronto-based North American Palladium expects palladium production from its Lac des Iles mine, in Ontario, will increase 75% this year. However, delays in developing a ramp to access the new zone mean […]
At the Ying Mine in China, Silvercorp Metals reported on Monday the results of a underground diamond drilling program that showed high grade silver, lead and zinc.
Imperial Metals of Vancouver has been named British Columbia's top mineral explorer in 2010, Canadian Mining Journal reported. The mineral exploration industry spent $322 million in the province in 2010, and Imperial led the pack […]
Providence Resources Corp. has completed the sale of 1,000,000 shares at a price of $4.00 per share to Teck Resources Limited (“Teck”) for total proceeds of $4,000,000, as announced by news release dated January 19, 2011. For […]
TORONTO, Ontario – January 28, 2011 – U3O8 Corp. (TSX Venture: UWE) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by GMP Securities L.P. and including Dundee Securities […]
Gunpoint Exploration Ltd. (TSX-V: GUN) plans to commence exploration drilling on it’s 100% owned Talapoosa project (Nevada) in May 2011 as part of its effort to substantially increase the existing NI 43-101 compliant resource (Measured+Indicated+Inferred) of 958,000 […]
Vancouver, British Columbia – Pacific Wildcat Resources Corp. (TSXV – PAW) is pleased to announce further to the company’s news release dated July 23, 2010, “PAW Enters into Conditional Purchase Agreement with the Right to Acquire the […]
Toronto, Ontario and Lima, Peru, January 28, 2011 – Norsemont Mining Inc. today announced the results of the Feasibility Study optimization (FSO) on the company’s 100% owned Constancia Copper Project. Ausenco Solutions Canada Inc (Ausenco) led and prepared […]
Strong copper demand from China and other emerging countries, together with steady improvements in North America and Europe, have resulted in a “very tight” global copper market, Freeport-McMoRan Copper & Gold CEO Richard Adkerson said on […]
Loss-making alluvial diamond junior Rockwell will recommission its impressive rebuilt Tirisano diamond plant near Ventersdorp in March, which will boost crucial volumes and help to smooth out the company’s currently variable cash flow cycle. Mining […]
In yet another deal involving a Canadian iron-ore firm, junior Adriana Resources announced on Monday evening that it has signed a binding framework agreement with China's Wisco International Resources Development & Investment for a partnership […]
Chile's Collahuasi copper mine said on Tuesday repairs to a damaged shiploader at its Patache port would take around three months, as it seeks to normalize deliveries and lift a month-long force majeure. Reuters reports:
European Nickel said its chairman and deputy chairman will step down, a month after the UK-based miner suspended work at its flagship Caldag mine in Turkey, according to a Reuters story.
Vancouver-based Teck Resources warned on Wednesday that difficult weather conditions and rail and port disruptions in British Columbia will likely have a negative effect on coal production in the first quarter, Mining Weekly reported.
Agribusiness giant Cargill Inc. is spinning off its majority stake in fertilizer producer Mosaic (MOS-N72.47-3.68-4.83%) setting the stage for another potential takeover battle over prized Saskatchewan potash reserves, the Globe and Mail reports.
CommodityOnline reports that along with gold and silver bullion, the prices of platinum and palladium have been on an upswing, driven by the rising demand for these precious metals commodities from emerging markets like China.
Palladium may extend a rally this year as surging car sales in China boost demand, while supply from top exporter Russia drops as stockpiles fall, according to the head of commodity trading in Japan at Standard Bank […]
Ordos, Mongolia is home to the world's most efficient mine and one of China's biggest carbon capture and storage projects. Chinese miners and scientists are ramping up production and finding new ways to burn and bury carbon, as The Guardian newspaper reports. Click here to watch the video:
Vedanta group firm Hindustan Zinc Wednesday said it is set to become one of the top producers of silver in the world, with an estimated output of 500 tonnes by March 2011, more than double […]
Canadian precious metals producer Primero Mining Corp (P.TO: Quote) said fourth-quarter production at its San Dimas gold-silver mine in Mexico nearly doubled sequentially, Reuters reported.