MINING.COM Editor, Author at MINING.COM

Iron ore derivatives market to reach 100 million tons this year

The global market for derivates based on iron ore could expand to reach 100 million metric tons in 2012, said data provider The Steel Index (TSI).

MINING.COM Editor | February 22, 2012 | 7:41 pm

China has invested $14 billion in the oil sands, and that’s a good thing

A think tank is pushing back against the perception that Chinese firms are locking up Canadian resources, but rather are providing an important financial boost to the sector.

MINING.COM Editor | February 22, 2012 | 6:22 am

Grizzly finds potash in Alberta, investors find somewhere else to put their money

On much heavier volumes than usual Grizzly Discoveries shed 3c or 6.52% by midday Tuesday. Before the market open the Edmonton-based company announced a potash discovery near Medicine Hat in Alberta Canada that wasn't as exciting as investors had clearly hoped – drilling yielded potash grades up to 31.1% K2O, but only over 0.3 metres.

MINING.COM Editor | February 21, 2012 | 6:30 pm

Caledonia gives 51% of Blanket to indigenous Zimbabweans

Caledonia Mining announced on Monday it has signed a deal with the Zimbabwe government to sell 51% of its Blanket mine to indigenous Zimbabweans for $30 million. The purchase price will be paid to Caledonia from future Blanket dividend payments.

MINING.COM Editor | February 20, 2012 | 7:47 pm

Vale profits fall 21% after bending to Chinese steelmakers

Vale is the world's largest producer of iron ore and a top nickel miner, reported a quarterly net profit of $4.67 billion, compared to $5.9 billion in the same quarter last year.

MINING.COM Editor | February 16, 2012 | 1:27 am

Avrupa acquires porphyry copper gold target exploration license in Kosovo

Avrupa Minerals Ltd. (TSX VENTURE:AVU) on Tuesday announced the acquisition of the Koritnik porphyry Cu-Au exploration license in southern Kosovo.

MINING.COM Editor | February 14, 2012 | 9:15 pm

FEATURED NEWS RELEASE: PhotoSat completes elevation mapping and drill hole collar coordinate mapping for Orko Silver’s (TSXV:OK) La Preciosa silver deposit in Durango, Mexico

PhotoSat has completed digital elevation mapping of Orko’s La Preciosa silver deposit in Durango State, Mexico, using stereo satellite photos from WorldView-2, […]

MINING.COM Editor | February 13, 2012 | 10:53 pm

Southern Copper says will produce 9% more copper this year

Copper production is seen at 640,000 tonnes in 2012.

MINING.COM Editor | February 10, 2012 | 8:26 pm

Over the hedge: Yukon-Nevada signs $20 million deal with Deutsche Bank at $716/oz

Yukon-Nevada Gold Corp. (TSX: YNG) on Wednesday announced a forward gold purchase agreement with Deutsche Bank's London office for $20 million. Yukon Nevada says it will deliver 27,950 ounces of gold over a 43 month term at a rate of 650 ounces per month starting end of Q1.

MINING.COM Editor | February 8, 2012 | 3:20 pm

Kyrgyz Republic seizes Stans Energy rare earth project

Kyrgyzstan’s gilded economy

The state agency of geology and mineral resources of Kyrgyzstan announced this week that in 2011, the output of the gold-mining industry of the ex-Soviet republic increased by 41.7% compared with 2010. The value of gold production dominated by the Kumtor mine owned by Canada's Centerra was $1.9 billion, almost a full 15% of the impoverished country's $13.16 billion (2011 est.) gross domestic product.

MINING.COM Editor | February 5, 2012 | 9:30 pm

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