July 30, 2012

Canstar closes on acquisition of Freeport-McMoRan’s option on the Mary March property; completes earn-in for 50% of property

Canstar has completed the purchase of Freeport-McMoRan of Canada's 50% joint venture interest in the Mary March mineral properties located in the Buchans area of Newfoundland and Labrador.

July 30, 2012

Teck announces notes offering

The senior notes, guaranteed by Teck Metals, are to generate proceeds, in addition to cash on hand, to fund the redemption of all of its outstanding 10.25% senior notes due…

July 27, 2012

Not convinced Chinese trade is a disaster? Take a look at these shipping numbers

Examples: Worldwide orders for dry-bulk vessels dropped 49% to 9.8 million deadweight  tons in the first half of 2012. The monthly index of new-ship prices in China is now at…

July 27, 2012

Baja sued for $260 million in class action. Vancouver co is worth only $18 million, down 93% in 2012

Baja Mining dropped by almost a third on Friday after announcing class action proceedings seeking $260 million in damages for misrepresenting the true state of affairs at its Boleo project…

July 27, 2012

Class action commenced against Baja

Mr. Sue-Tang seeks: a declaration that Baja made misrepresentations contrary to the securities act during, general and special damages in the amount of $250 million, punitive damages in the amount…

July 25, 2012

Teck Resources down 5% after profits more than halve

The diversified miner suffered lower realized prices across the board with copper down 14% to $3.57 a pound, its realized coal price was 26% below Q2 2011 at $202 a…

July 24, 2012

Thundermin commences 2,000 metre diamond drilling program on the Stirling base metal property, Cape Breton Island, Nova Scotia

The 2,000 m drilling program is scheduled to investigate the zinc-lead-copper-silver-gold claims of the 64.6 km² Stirling project on Cape Breton Island, Nova Scotia.

July 21, 2012

No signs of the mining boom ending for Australia any time soon: studies

There is no end on sight to the mining boom in Australia, a country which mineral resources sector value is expected to reach $122.6 billion by 2016, growing at an…

July 20, 2012

SLAM files NI43-101 report on 3M tonne resource

The company's report claims "massive sulphide deposit contains significant zinc-lead-copper-silver resource".

July 20, 2012

Scorpio Mining names Peter Hawley president and CEO

The company announced that it has accepted the resignation of Scorpio's President and Chief Executive Officer, Parviz Farsangi, and unanimously appointed the Company's Chairman and founder Peter J. Hawley as…