May 26, 2011

Four oversold big miners that should rally

The S&P GSCI Index of 24 raw materials dropped about 10% since the Goldman (GS) sell call on April 11. It was up over 1% today on the new bullish…

May 25, 2011

Nickel process technology company set to list on ASX

The executive chairman of private company Direct Nickel Julian Malnic told the Resources & Energy Symposium in Broken Hill in New South Wales that the company was currently moving to…

May 20, 2011

The next commodities bubble is coming sooner than you think

To hear the mainstream media tell it, the commodities bubble has burst. Commodities are plunging across the board in response to the latest U.S. data, most of which seems to…

May 19, 2011

Vale inaugurates Brazil’s first ferronickel plant in Pará

This month, Vale opened its first nickel operation in Brazil. Onça Puma, in Ourilândia do Norte, southeast Pará, is one of the largest ferronickel production plants in the world. The…

May 17, 2011

Noront inks $17.4m deal with Baosteel in Ontario Ring of Fire

Noront Resources has completed a brokered placement worth $17.4 million, the Toronto-listed junior explorer announced yesterday. The deal will give Baosteel the right to increase its stake in Noront to…

May 16, 2011

Metals Economics Group Strategic Report: Base metals and gold 2010 acquisitions spending totals $50.7 billion

The 2010 dollar volume of large ($25 million minimum) acquisitions totaled $50.7 billion—the third-highest annual total in 10 years—a whopping increase of 260% over 2009’s $14 billion, and 23% over…

May 13, 2011

Strong gold and PGM revenues see Franco-Nevada Q1 net income up 157%

Franco Nevada reported an adjusted net income of US$21.4 million or 18-cents per share for the first quarter, a 157% increase over the adjusted net income of US$8.3 million or…

May 12, 2011

Big Russian base metals company looking at Toronto IPO

Intergeo, the Russian copper and nickel company owned by billionaires Mikhail Prokhorov and Maxim Finskiy, hopes to raise from C$100 million ($104.2 million) to C$500 million in a initial public…

May 11, 2011

Quebec launches big mining plan

The Canadian province of Quebec plans to develop its huge frozen northern reaches into a powerhouse of mining and renewable energy, targeting C$80 billion ($83 billion) of private and public…

May 6, 2011

Quadra FNX Mining announces earnings of $168 Million in the first quarter of 2011

The Company recorded first quarter earnings of $168 million or $0.88 per share (basic) compared to earnings of $55 million or $0.55 per share for the previous year. The higher…