September 22, 2011

Franco-Nevada to acquire Lumina Royalty Corp. for $66 million

TORONTO, ONTARIO--(Marketwire - Sept. 22, 2011) - Franco-Nevada Corporation (TSX:FNV)(NYSE:FNV) ("Franco-Nevada") and Lumina Royalty Corp. ("Lumina Royalty") have entered into an arrangement agreement whereby Franco-Nevada will acquire all of the…

September 22, 2011

World markets are in the red

World markets tumbled overnight as bad news mounts and investors turn pessimistic. The Hang Seng fell 4.95%, the S&P ASX was down 2.63% and the Shanghai composite index is down…

September 22, 2011

Copper slumps into bear market as Fed assessment hurts outlook

Copper tumbled into a so-called bear market, slumping for a fifth day, after the Federal Reserve said that the U.S. economy faces “significant downside risks,” eroding prospects for industrial-metals demand.

September 21, 2011

China base metals demand growing 10% more than GDP

Demand growth for base metals in China is exceeding its GDP growth rate by 10 percent, and will keep growing, Fan Shunke, the president of China Non-ferrous Techno-Economic Research Institute…

September 21, 2011

BNP Paribas makes cuts across the board for its outlook on base metal prices

Dow Jones, via Fox News, reports that BNP Paibas analysts are cutting their outlook for base metal prices.

September 21, 2011

Ivanhoe roiled as Mongolia rethinks Oyu Tolgoi, says partner Rio makes ‘unauthorized’ statements

News that the Mongolian government is rethinking a 2009 deal that gave Ivanhoe Mines and Rio Tinto a 66% stake in the massive Oyu Tolgoi gold and copper project has…

September 21, 2011

Each day of the strike at Grasberg costs Freeport-McMoran 3 million pounds of copper and 5 thousand ounces of gold

Freeport-McMoran Copper & Gold reported on Wednesday that the strike at its Grasberg operations in Papua, Indonesia, which began Sept. 15, is costing the company about 3 million pounds of…

September 21, 2011

Empire Mining Corporation: IP/resistivity survey commences at Karapinar copper project, Turkey

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 21, 2011) - Empire Mining Corporation (TSX VENTURE:EPC) ("Empire") is pleased to announce that an IP/resistivity survey has commenced at the Karapinar copper project to…

September 21, 2011

Sunridge Gold completes 5000 m core drilling program and reaches 50% ownership of Majescor’s Besakoa copper-zinc-gold Project, Madagascar

MONTREAL, QUEBEC--(Marketwire - Sept. 21, 2011) - Majescor Resources Inc. ("Majescor" or the "Company") (TSX VENTURE:MJX) is pleased to report that on September 15, 2011, the Company has received formal…

September 21, 2011

Fjordland enters into agreement with major mining company to explore its QUEST copper-gold properties in central British Columbia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 21, 2011) - Fjordland Exploration Inc. (TSX VENTURE:FEX) is pleased to announce that Xstrata Copper Canada, a business unit of Xstrata Canada Corporation, has entered…