Molybdenum Mining News and Commentary

BC mining industry earned extra $2 billion in 2011 on strength of coal, silver

Andrew Topf | May 16, 2012

The mining industry in British Columbia produced some healthy numbers in 2011, buoyed by high commodity prices and continued growth in mineral exploration, according to PwC’s annual BC Mining Survey.

Northern Dynasty confirms $107 million work program to prepare Pebble Project for permitting in 2012

CNW Group | May 15, 2012

Northern Dynasty Minerals Ltd. ("Northern Dynasty" or the "Company") (TSX: NDM; NYSE Amex: NAK) announces that the Board of Directors of Pebble Mines Corp., the general partner of the Pebble Limited Partnership (the "Pebble Partnership" or "PLP") has approved a budget of approximately US $107 million to advance the Pebble Project in 2012, with the objective of readying PLP to initiate permitting under the National Environmental Policy Act (NEPA) toward the end of the year.
Canadian Inmet set to kick off construction at Cobre Panama

Cecilia Jamasmie | May 7, 2012

Inmet Mining Corporation (TSX:IMN) has launched a $1 billion senior unsecured notes offering as part of a total finance plan for the $6.18 billion copper/gold/molybdenum project Cobre Panama.
Teck files environmental assessment for Chilean project

Vancouver Sun | April 28, 2012

Teck Resources' epic $5.6 billion Quebrada Blanca copper-molybdenum mine expansion has taken another step ahead.
Record revenues for Teck despite lower metals prices

Andrew Topf | April 24, 2012

Teck Resources fought against lower metals prices to post record revenues for the first quarter.
Avanti pops 20% after securing $640 million loan for moly mine

Andrew Topf | April 20, 2012

Avanti shares rose 20% Thursday after the Vancouver company secured $640 million in financing for its Kitsault molybdenum mine.
Thompson Creek Announces Completion of the Endako Mill Expansion Project and Preliminary First Quarter 2012 Production and Cash Cost Results

CNW Telbec | Mining/Metals | April 19, 2012

Thompson Creek Metals Company Inc. (the "Company" or "Thompson Creek"), a growing, diversified, North American mining company, today announced the completion of the mill expansion project at the Endako mine.
ABB wins major grinding drive systems order for Cerro Verde expansion in Peru

ABB Group | March 29, 2012

ABB, a power and automation technology group was recently contracted to supply gearless mill drives (GMDs) for six ball mills and twin-drive systems for eight high pressure grinding rolls (HPGRs) at Cerro Verde copper mine in Peru.
Entree Gold upgrades and expands resources at Ann Mason

Marketwire - Mining and Metals | March 27, 2012

"With over 5 billion pounds of copper estimated at the indicated level and another 3.5 billion pounds estimated at the inferred level, Ann Mason should now be recognized as a significant deposit in one of the best mining jurisdictions in the world."
Lumina steps-up drilling after step-out holes hit more copper, gold, moly in Argentina

Mineweb | March 27, 2012

Lumina copper hits its longest copper-gold-moly intercept to date and, more importantly, it sees significant mineralization in wide step-out drilling.
Geologix Explorations Inc.: New Tepal Resource Estimate Increases Measured & Indicated Tonnes by 324%

Marketwire - Mining and Metals | March 27, 2012

Geologix Explorations Inc. ("Geologix", the "Company") (TSX:GIX)(FRANKFURT:GF6)(BERLIN:GF6)(MUN:GF6)(STUT:GF6) is pleased to announce an updated resource estimate for its Tepal Project in Michoacán State, Mexico which incorporates the results from drilling 41,247.5 metres ("m") at the North, South, and Tizate zones during 2011.
China Moly pursues US $579 million from Shanghai IPO

Cecilia Jamasmie | March 20, 2012

China Molybdenum Co. (HKG:3993), the country’s largest producer of the element by output, plans to launch an initial public offering in Shanghai, which may raise around 3.65 billion yuan (US$579 million), to fund its new alloy project and boost output, according to a statement to the China Securities Regulatory Commission (CSRC).
Green Swan Continues With Acquisition Strategy in British Columbia's Golden Triangle

Marketwire - Mining and Metals | March 14, 2012

Green Swan Capital Corp. ("Green Swan") (TSX VENTURE:GSW) today announced it has agreed to purchase a package of six non-contiguous mining tenures in southeastern British Columbia.
Chile's Antofagasta shares dive despite record profit in 2011

Cecilia Jamasmie | March 13, 2012

Shares of Chilean miner Antofagasta PLC (LON:ANTO) were down 3.1% this morning after the company disappointed market hopes for a whopping special dividend and announced instead a cut on dividends and an increased spending on growth projects.
Taseko announces earnings for year end 2011

CNW Telbec | Mining/Metals | March 12, 2012

Revenues for 2011 were $251.9 million from the sale of 60.8 million pounds of copper and 974,000 pounds of molybdenum. Revenues for the fourth quarter of 2011 were $60.5 million from the sale of 15.5 million pounds of copper and 269,000 pounds of molybdenum.
Euphoria over Molycorp deal may soon turn to despair. China's grip is as strong as ever and rare earth prices are still dropping

Frik Els | March 9, 2012

Molycorp's mould-breaking deal with Neo Material Technologies sent its shares rocketing in New York on Friday and some industry observers say the tie-up creates a vertically integrated company that will transform the industry. Others see REE prices continuing to drop with some already down 70% and China's grip on the market undiminished – exports could double this year and domestic production continues to ramp up.
Copper Fox reports 2011 annual financial results and a corporate update

CNW Telbec | Mining/Metals | February 28, 2012

During the year, Copper Fox acquired additional mineral tenures around the Schaft Creek project, completed a large Titan-24 DCIP& MT survey, purchased shares in Liard Copper Mines, completed metallurgical test work on the mineralization from the Paramount zone and completed a 22 hole diamond drilling program of various purposes totaling 9,662.3m at Schaft Creek.
Thompson Creek reports 2011 record molybdenum sales of 40.1 million pounds and revenue of $669.1 million

CNW Telbec | Mining/Metals | February 27, 2012

Thompson Creek Metals Company Inc. ("Company" or "Thompson Creek"), a growing, diversified North American mining company, today announced financial results for the three months and year ended December 31, 2011.
Thomson Creek achieving planned moly production at Endako

International Mining | February 15, 2012

Thompson Creek Metals recently announced the commissioning of its new Endako mill and that commercial production was achieved on February 1, 2012. For the first five days of February, the new mill was running at or above its design capacity of 55,000 t/d, a 77% increase over the old mill's capacity of 31,000 t/d. The construction of the regrind circuit for the new mill is still in process and is expected to be completed by the end of March 2012. In the interim, the company is utilising the cleaner and regrind circuit in the old mill.
Nickel, copper, molybdenum and zinc demand all trending up

International Mining | January 27, 2012

RBC Capital Markets forecasts copper demand growth of 3.6% in 2011, 5.5% in 2012, 5.6% in 2013, and trend growth of approximately 4.0% in 2014 and 2015.
Woulfe Mining ups indicated resource at Sangdon tungsten project 2.75 times

Marketwire - Mining and Metals | January 24, 2012

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Jan. 24, 2012) – Woulfe Mining Corp. ("Woulfe" or the "Company") (TSX VENTURE:WOF)(OTCQX:WFEMF)(FRANKFURT:OZ4) is pleased to announce the following completion of the phase 2 drilling and further h…
Gold Reach quadruples resource at polymetallic property in BC

Andrew Topf | January 17, 2012

Gold Reach Resources (CVE:GRV) enjoyed a 15% lift in its stock price today on news that it has quadrupled its resource estimate at the company's Ootsa Lake property in British Columbia, about 120 kilometres south of Smithers.
Mercator Minerals up 5.5% on production data

Andrew Topf | January 16, 2012

Mercator Minerals (TSE:ML) rose 5.5% today after announcing record production from its Mineral Park Mine in Arizona.
Mercator Minerals' Form 40-F Registration Statement Effective

Marketwire - Mining and Metals | January 10, 2012

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Jan. 10, 2012) – Mercator Minerals Ltd. (TSX:ML) – Mercator Minerals Ltd. ("Mercator" or the "Company") is pleased to announce that its registration statement on Form 40-F, filed on November 8, 20…
Moly Mines won't be developing its Spinifex Ridge molybdenum copper project

Michael Allan McCrae | December 28, 2011

Due to the high Australian dollar and low molybdenum prices, Moly Mines says the Spinifex Ridge molybdenum/copper project is sub-economic and the company won't be developing it.
Boardroom brawl at Mosquito Consolidated Gold Mines

Business in Vancouver | December 8, 2011

A group of disgruntled shareholders wants changes on the board of directors at Vancouver junior miner Mosquito Consolidated Gold Mines Ltd. (TSX-V:MSQ).