News Mining News

Nevsun comments on B.C. lawsuit

Nevsun Resources Ltd. advises that the British Columbia Supreme Court has refused to permit a claim against Nevsun to proceed as a common law class action. The court did permit the lawsuit by the three named plaintiffs to continue.

Experienced miner Andrew Woodley to lead Newmont’s North America business

Newmont Mining Corporation has appointed experienced miner Andrew Woodley to lead the Company’s North America business beginning on January 2, 2017.

Monthly charts argue for lower prices in precious metals complex

The trading month doesn’t always end on a Friday but when it does we like to take a look at the monthly charts.

Fission Uranium builds momentum on high-grade PLS assays

Two new zones on Fission Uranium's Patterson Lake South property reported high-grade assays, catching the notice of Dundee Capital Markets.

Chart of the day – HUI mining index

While it’s not always a perfect timing tool, oversold in a bull market is always a buy signal.

ZCCM-IH fails to produce financial report for this year

The Zambia Consolidated Copper Mines-Investment Holdings (ZCCM-IH) has failed for the first time to produce its state o accounts for March 31, this year due to non availability of information from investor companies, according to the company secretary's office Friday.

Fiore Exploration Ltd. closes $11,000,000 private placement

FIORE EXPLORATION LTD. is pleased to announce the closing of its non-brokered private placement of 20,000,000 shares at a price of $0.55 per share for gross proceeds of $11,000,000.

Mining can be a blessing for foreign aid: UN

United Nations Development Program chief supports Canada's mix of mining with foreign aid.

NioGold cancels private placement

NioGold Mining Corporation announces that, following consultation with its advisors, the Board has decided to postpone raising additional capital at this time and has cancelled the private placement announced on November 2, 2011.