November 18, 2011

Rio Tinto shuts aluminum plant

The mining and metal making giant is closing a U.K. smelter due to rising carbon taxes and falling aluminum prices, Rio Tinto (NYSE:RIO) said.

November 17, 2011

Indicator Minerals Proposes Name Change and Share Consolidation

-Indicator Minerals Inc. ("Indicator" or, the "Company") (TSX VENTURE:IME) today announced that it is proposing a name change and a consolidation of its issued and outstanding common shares. The Company…

November 17, 2011

Implats production drops 12 percent while unit costs increase 10.8 percent

During Q1 Implats production fell 12% due mostly to planned operational outages. Gross platinum production was 388,000 oz compared to 441,000 during the same quarter a year ago. Palladium also…

November 17, 2011

Woulfe Mining buys out royalty and moves to 100% ownership of Sangdong project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 17, 2011) - Woulfe Mining Corp. (TSX VENTURE:WOF)(OTCQX:WFEMF)(FRANKFURT:OZ4) ("Woulfe" or the "Company") is pleased to announce that it has negotiated the purchase of the 2%…

November 17, 2011

Mercator Minerals announces $20 million non brokered financing

Mercator Minerals Ltd. ("Mercator" or the "Company") today announced that it has arranged a non-brokered private placement with purchasers to purchase 11,428,572 units ("Units") at a purchase price of $1.75…

November 17, 2011

Andover more than doubles land position at the Sun property located in the Ambler District, Alaska

Andover Ventures Inc. ("Andover" or the "Company") (TSX VENTURE:AOX)(OTCBB:AOVTF)(FRANKFURT:R2X) is pleased to announce that the Company has more than doubled its land position at the Sun Property located in the…

November 17, 2011

Prophecy Platinum closes $10 million private placement

Prophecy Platinum Corp. ("Prophecy Platinum" or the "Company") (TSX VENTURE:NKL)(OTCQX:PNIKF)(FRANKFURT:P94P) is pleased to announce the closing of the non-brokered private placement previously announced on November 1, 2011 and increased on…

November 17, 2011

Wallets fat, Japanese trading companies ready to splurge on copper assets

Anglo American's $5.4 billion sale of its 24% stake in Codelco to Mitsubishi — Japan's largest trading house — is just the beginning of further rounds of competition between Japanese…

November 17, 2011

PGI-USA Launches Dedicated Press Website

Platinum Guild International USA (PGI-USA) yesterday (Wednesday) announced the launch of a dedicated press website, www.pgi-press.com The association is calling on jewelry designers to submit their platinum product photos and…

November 17, 2011

Rio Tinto shuts smelter, blames rising energy costs

The aluminum market may soon see prices rise, or at least find a floor, as mining companies find that rising energy costs and low prices for the metal are a…