MINING.com Editor

RUSAL co-owner says he expects new Norilsk offer

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:

VMS announces drill results from Reed Lake joint venture

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.

Blast Traps at Least 30 in Colombian Coal Mine

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.

Candente unveils early numbers for Peru copper project, shares jump

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:

Arch to export coal through British Columbia port

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:

NAP expects palladium output to rise 75% this year

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 […]

Drilling intercepts at the Ying Mine add to Silvercorp's resources and reserves

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 named BC's top spender

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. Closes Private Placement with Teck

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 […]

U3O8 Corp. announces approximately C$15 million private placement

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 plans 6000-meter drill program at Nevada Talapoosa property

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 […]

Pacific Wildcat Resources Corp.: Update on Mrima Hill acquisition

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 […]

Norsemont Announces Results of Constancia Feasibility Study Optimization

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 […]

Global copper market 'very tight', new supply difficult – Freeport CEO

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 […]

Rockwell to restart Ventersdorp diamond operation

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 […]

Adriana to form JV with Wisco on Quebec project

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 […]

Collahuasi says port repair to take 3 months

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 top two execs quit; Caldag ops doubtful

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.

Avalanche threat, port constraints to affect Teck's Q1 coal sales

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.

Cargill puts potash assets into play

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.

Platinum, palladium glitter on Chinese demand

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 Prices in 2011 to Jump on Car Sales, Russia, Trader Ikemizu Says

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 […]

The two faces of China's giant coal industry

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:

Hind Zinc to become one of top silver producers by March 2011

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 […]

Primero Mining Q4 production rises sequentially

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.