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

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

Sunshine Oilsands postpones $700m Hong Kong IPO, now wants ‘resource savvy’ Canadian investors

Sunshine Oilsands, a Calgary-based oil explorer backed by Chinese state-owned enterprises, has delayed the launch of a planned up to $700 million initial public offering in Hong Kong which would have been the biggest in Asia this year.

MINING.com Editor | February 4, 2012 | 11:55 pm

Poluys fill the vaults ahead of listing, Kinross takeout rumours swirl

In a trading update Monday Russia’s Polyus Gold International, owned by Mikhail Prokhorov, announced a 8% increase in gold production to just under 1.5 million ounces which boosted earnings 40%. Prokhorov, a Vladimir Putin rival in upcoming presidential elections, is also readying his firm for a London listing after which he says he wants to do a major deal.

MINING.com Editor | January 30, 2012 | 6:16 pm

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