November 11, 2011

Katanga gets $635 million to build world’s largest cobalt mine

Katanga Mining announced on Friday it has secured $635.5 million in new loan facilities from parent Glencore International to fund the expansion of its Democratic Republic of Congo copper-cobalt mine.…

November 3, 2011

Formation Metals loses financing but continuing to develop Idaho cobalt project

Stock in Formation Metals (TSE:FCO) plunged 13% today after a European bank decided to terminate its loan agreement with the Vancouver-based company. The $79.5 million loan from BNP Paribas was…

November 2, 2011

Tenke Fungurume gets green light for $850 million expansion

Freeport-McMoRan Copper & Gold Inc. has approved a US$850 million expansion to the Tenke Fungurume mining operations in the Democratic Republic of Congo. Lundin Mining, a partner at the mine…

October 30, 2011

Platinum brain device is top 10 medical breakthrough for 2012

A new minimally-invasive procedure that can safely and effectively treat brain aneurysms without open surgery by implanting an FDA-approved device consisting of a flexible braided mesh tube made of platinum…

October 26, 2011

Investors applaud Sherritt’s pace building world’s biggest nickel mine, stock jumps 10%

Canada's number one coal producer and world-leading nickel miner, Sherritt jumped 10.2% on Wednesday after reporting a doubling of quarterly net earnings and good progress at its massive Ambatovy project…

October 6, 2011

Zambia lifts metal export ban

Reuters reports Zambia has lifted a ban on metal exports just two days after imposing it to sort out revenue collection and increase transparency in Africa's top copper producer, a…

October 4, 2011

Metorex hits record with 15% increase in quarterly copper production

Metorex Limited (JNB:MEMTX) reached a new high in quarterly copper output, with production rising by 15% to 15,202 tons. Cobalt output rose by 11% to 942 tons.

September 30, 2011

PNG nickel mine ready to start dumping 200 million tonnes of waste in ocean

Despite a rancourous dispute with local landowners over compensation and infrastructure upgrades and an appeal against a Papua New Guinea High Court ruling approving the dumping, Australia's Highlands Pacific on…

September 7, 2011

St-Georges Platinum and Base Metals Ltd.: New Mineralized Zone Expanding to the West at Villebon

St-Georges Platinum and Base Metals Ltd. (CNSX:SX)(BERLIN:85G) is pleased to provide updates on the second phase of its drilling program carried out on the Villebon property located 45 km southeast…

August 31, 2011

Cobalt is the king of critical metals

Most people don't know or care about cobalt. But, as with a number of metals we seldom hear about, we would certainly miss cobalt if it were not available for…