Cobalt
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Glencore Xstrata produces 18 pct more copper in Q1
Thank Africa.
Congo and cobalt critical
Only four metals, or element groups, made the list for the American Physical Society, Materials Research Society and the US Department of Energy's uncatalogued for 'critical metals': Rare Earth elements, platinum group metals, lithium and cobalt.
Ancient plant dye used to make eco-friendly biomass batteries
Ancient plant dye acts as outstanding organic electrode
IMF halts DRC loans due to lack of mining transparency
An IMF representative said Monday the fund has halted $240 million in planned loans to the DRC for failing to publish mining contracts as requested.
Foreign mining firms face up to 50% wage hikes in Zambia
Pay and working conditions have become a thorny issue in Zambia particularly when it comes to the many Chinese-run mines in the country.
New report: DRC's Kabila could be toppled within weeks
DRC president Kabila will likely be violently removed from office should protests in major cities escalate and last longer than one week, according to a report from Exclusive Analysis, a UK-based political risk consultancy.
Australian miners find new ways of getting buzzed
Australian miners in the western part of the country are allegedly turning to a new version of the synthetic drug known as Venom, which is made with chemicals imported from China.
Baja Mining granted further standstill extension by lenders
Vancouver-based Baja Mining Corp. (TSX: BAJ) announced this morning that it has landed two extensions of a standstill agreement with lenders to its Minera y Metalúrgica del Boleo S.A. de C.V. subsidiary.
China uncovers large nickel reserve
Officials expect reserves to grow
Ancient Buddhist statue found in Tibet carved from meteorite
A Buddha statue looted by Nazis in Tibet in the 1930s was carved from the Chinga meteorite, which crashed to the Earth 15,000 years ago, revealed Elmar Buchner of the Planetology Institute at Stuttgart University.
Xstrata gets an extra week to decide on Glencore merger
Diversified miner Xstrata (LON:XTA) and commodities trader Glencore International (LON:GLEN) have now until October 1 to decided on the $36 billion lauded merger.
Nautilus Minerals plumbs new depths, comes up smelling of roses
Nautilus Minerals shot up 9.5% on Wednesday as investors digested the maiden mineral resource estimate for the company's polymetallic nodule project in 4-6km deep water in the central Pacific Ocean.
Baja Mining's partners indecisive on further funding for Mexico project
Canadian Baja Mining (TSX:BAJ) shareholders continue to be anxious about the future of the company’s flagship Boleo project in Mexico, as its South Korean partners were unable to decide on the second stage of financing for the copper-cobalt-zinc mine development, the miner said Tuesday.
Baja Mining stocks surge 77% on Korean consortium's $90mln payment
Shares in Vancouver-based Baja Mining Corp. (TSX:BAJ) have surged following confirmation from the company that a Korean consortium has paid USD$90 million to become a 51% owner of Baja subsidiary Minera y Metalurgica del Boleo S.A. de .C.V. (MMB)
Baja sued for $260 million in class action. Vancouver co is worth only $18 million, down 93% in 2012
Baja Mining dropped by almost a third on Friday after announcing class action proceedings seeking $260 million in damages for misrepresenting the true state of affairs at its Boleo project in Mexcio since 2010. It is now worth a paltry $18.7 million on the Toronto big board. During the heady days of 2007 Baja Mining was valued at $836 million.
Baja Mining only has enough money for Boleo project for two more weeks
The Canadian mining company continues to struggle with cost overruns at its flagship Boleo mine in Mexico, the company has not yet received any funding proposals for the project and only has enough money to run it until August 1.
Xstrata-Glencore merger vote postponed: unions raise concerns
Xstrata has delayed voting on a merger with Glencore as investors continue to dictate the offer and unions become more vocal about their concerns over the deal.
Australia won't get in the way of Glencore-Xstrata
Australia's antitrust regulator has decided it would not oppose commodities trader Glencore's $26 billion takeover of miner Xstrata.
Baja's top shareholder won't give more for Boleo
Besieged Baja Mining suffered another setback on Thursday after Mount Kellett Capital Management, the company’s largest shareholder, announced it wouldn’t provide debt or equity financing for the Boleo project in Mexico.
Baja Mining has 45 days to come up with money for Boleo
Besieged Baja Mining (TSX:BAJ) added another 14% on Wednesday following good gains the day before to trade at $0.205 after announcing it had negotiated a 45-day standstill agreement with lenders for its Boleo project.
Major shareholder sues Baja Mining over ballooning costs, management
Baja says it "intends to defend this action vigorously."
No one buys Congo's mining assets on the cheap: Government
The Democratic Republic of Congo’s Ministry of Mines went on the defensive on Monday about allegedly granting mining licenses to companies with close connections to the government. It qualified those accusations as uninformed and a “double standard."
Baja Mining lays off 40% of staff and seeks funding for Boleo
Troubled Vancouver miner, Baja Mining (TSE:BAJ), said that it laid off 40% of its staff to conserve cash and admitted that there is "no assurance" that it will find funding to complete its Boleo project, a $1.143 billion copper-cobalt-zinc project in Mexico.
China mulling undersea mineral exploration
China could take a page out of Nautilus Minerals' playbook and begin exploring for undersea polymetallic sulphide deposits.
NMA President informs Congress on critical metals
Hal Quinn, President and CEO of the National Mining Association, testified before Congress today on new legislation that would address America's dependence on critical metals.
Baja CEO resigns, stock up 10%
Baja Mining stock was up 10% today after the embattled junior miner announced its CEO has resigned.
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