November 5, 2012

Mining’s new age of austerity will hurt consumers

Shareholders will celebrate as lower supply boosts prices and profits, but consumers of metal and minerals will be hard hit.

November 2, 2012

Baja Mining Announces Additional Funding for Boleo Project by Korean Consortium

Baja Mining announces that the Korean consortium has advanced an additional US$84 million to Minera y Metalúrgica del Boleo S.A. de C.V. for the construction of the Boleo Project.

November 1, 2012

Peñoles mine in Durango estimated to enter operations in 2Q 2013

Industrias Peñoles estimates that the company will carry out the first tests for zinc extraction in the Velardeña mine, located in Durango, Mexico, in November 2012.

November 1, 2012

Glencore opens up a huge zinc opportunity

Glencore’s rivals are salivating at the prospect of the deal coming up for grabs.

October 31, 2012

Canada’s economy drops as mining and oil plunge

Canada’s economy shrank 0.1% in August, the first drop in six months, driven mainly by depressed manufacturing and energy sectors, Statistics Canada said Wednesday.

October 31, 2012

EU delays Glencore-Xstrata merger verdict

The European Commission said Wednesday it is delaying the deadline to emit a verdict on Glencore International PLC's $70 billion merger proposal with Xstrata (LON:XTA) after Glencore (LON:GLENA) made concessions…

October 29, 2012

Xstrata shareholders caught in ‘prisoner’s dilemma’ Could Anglo or Vale free them?

Even shareholders choking on $200 million of management bonuses, may have to okay the compensation if they want the deal to go ahead. But Xstrata may have other options beside…

October 29, 2012

Tirex Resources moves from exploration to production in Albania

Not very often you hear about a company moving from exploration into production, but Canadian Tirex Resources (CVE:TXX) is doing just that. The Vancouver-based firm announced Monday it has received…

October 24, 2012

Canada’s Teck Resources knocked down by global economic grief

Teck Resources Ltd. (TSX:TCK.B and TCK.A),(NYSE:TCK) said Wednesday it is deferring about $1.5-billion in capital it had expected to spend this year and in 2013, adding its third quarter profit…

October 24, 2012

Southern Silver signs earn-in agreement with Freeport-McMoRan Exploration Corporation on Cerro Las Minitas

Southern Silver has granted Freeport-McMoRan the right to earn an indirect 70% interest in the Cerro Las Minitas property in Durango, Mexico.