June 19, 2012

Burundi makes nickel debut

Burundi is slowly entering the global mining economy. Two imminent projects are Muremera nickel, in the target outline stage, and Musongati, targeting nickel, cobalt, copper and platinum.

June 18, 2012

Prophecy’s positive PEA prompts 12% gain

After announcing an economic report today, shares in Prophecy Platinum traded hands at six times their usual volume.

June 18, 2012

First Nickel optimizes Lockerby Mine plan, resulting in an $87 million NPV

First Nickel has updated and optimized its mine plan, result in a new $86.9 million net present value.

June 17, 2012

Australia: Mine, all mine

By having too much of a good thing, the argument goes, Australia, or the “quarry in China’s backyard”, has become too dependent on commodity-led growth. That has made it lazy…

June 15, 2012

DeepGreen’s Clipperton project would make Nautilus’ Solwara 1 project look like ‘child’s play’

Peter Koven at the National Post looks at the Vancouver-based DeepGreen Resources, a private company that just signed 50% off-take agreement with mining giant Glencore International.

June 15, 2012

End of an epoch as Hong Kong exchange takes over 135-year old LME

The three losing bids were all from the US and the deal marks a decisive shift in the commodities trading business away from Chicago and London to Asia.

June 14, 2012

Scathing report calls India’s 2,600 mines ‘out of control’

Illegality in the mining sector has deprived state governments of badly needed revenues, threatened the industry with costly and unpredictable shutdowns, and generated political chaos that helped bring down two…

June 14, 2012

Duluth confirms massive potential of Twin Metals copper/nickel/pgm/gold resource

A new independent technical report from AMEC confirms the vast tonnages and economic grades in the Duluth Metals/Antofagasta Twin Metals base and precious metals project in Minnesota.

June 13, 2012

Copper, nickel combine to capture printed electronics market

There are better days waiting ahead for copper and nickel in the field of electronics with the new invention of copper-nickel nanowires, which will be a perfect choice for printed…

June 8, 2012

Dominican Republic: Sandy beaches, turquoise water and $58 billion waiting to be extracted

The Dominican Republic is soon to become more than just a sunny destination. Data published by the country’s geology society claim the Central American nation is sitting on nearly $58…