July 18, 2011

Commodities giant Glencore buys majority in Peru’s Mina Justa copper mine for $475 million

Commodities giant Glencore says it is buying a majority stake in Peru's Mina Justa copper mine for $475 million. Swiss-based Glencore International PLC said Monday the purchase of a 70…

July 17, 2011

Russia fighting for right to mine mid-Atlantic minerals

Russia will seek to secure a priority right for the explored ocean minefields in the Atlantic says Polar Marine Geological Prospecting Expedition Vladimir Kryukov following the first stage of ore…

July 17, 2011

Zinc or swim when the tide turns

Zinc has long been runt in the litter of base metals, notwithstanding its multitude of uses. But the tide may be turning, with some big-name mine closures in the years…

July 17, 2011

Zinc plant a go for Horsehead

Horsehead Holding Corp. said Wednesday it's going ahead with plans for a lower cost, environmentally friendly zinc production plant.

July 16, 2011

Ireland’s zinc mines may boom again as Xstrata buys remaining stake in Pallas Green

Xstrata Zinc Canada has agreed to purchase the remaining 23.6% interest in the Pallas Green property in Ireland belonging to its current joint venture partner in the project, Minco, for…

July 16, 2011

Base metals edge higher in Mumbai

Lead gained 45 paise/kg to close at 120.50, the outlook still positive on strong Chinese demand. Though consumption of the metal has been slow in US and Europe, rising car…

July 15, 2011

Glencore to stop reporting quarterly results

Glencore has decided to stop reporting its results every quarter, in a move that is likely to soothe tensions with Xstrata, the mining company in which it owns a 34…

July 15, 2011

Commodity falls and fears for stress tests see FTSE decline

Falls among commodity issues sapped the strength of Britain’s top share index yesterday, as worries over global growth clouded the demand outlook for metals and oils. At the close, the…

July 13, 2011

Japan Times: China raises spectre of undersea mining with world’s deepest diving submersible

The prospect of mining the ocean floor may seem far-fetched, but China, motivated by its insatiable hunger for resources, has opened its eyes to the idea. According to a story…

July 13, 2011

Jet Gold options Zinc Bay property

Brad J. Moynes, President of Jet Gold Corp. ("Jet Gold" or the "Company") (TSX-V: JAU) is pleased to announce that the Company has signed an option agreement with Guardsmen Resources…