June 17, 2011

Belgium’s Nyrstar makes friendly C$619mn all-cash bid for Canada’s Breakwater

After talks began last September and no other offers materialized, Canadian zinc miner Breakwater Resources (TSX: BWR) announced early Wednesday that it had accepted Belgium based metals producer Nyrstar NV…

June 17, 2011

Baja says Boleo project on schedule

Mining Weekly reported that Baja Mining’s (TSE:BAJ) copper/cobalt/zinc project in Mexico is progressing on schedule. The market news is quoted as saying: “The Boleo project is currently meeting its scheduled…

June 16, 2011

Gold Mining in Eritrea

Gold miners are expanding their focus in Africa to the northeast of the continent, a region that in the past, was largely bypassed by gold explorers. Northeast Africa already has…

June 16, 2011

Heatherdale closes $9.3 million financing

Heatherdale Resources announced that it has closed the previously announced non-brokered private placement of 11,314,255 units of its capital at a price of $0.83 per unit for gross cash proceeds…

June 15, 2011

Nyrstar to spend $639m on Breakwater

Nyrstar (NYR.BR: Quote), the world's biggest zinc producer, is to buy Canada's Breakwater (BWR.TO:Quote) for C$619 million ($639 million) as it carries out its strategy to buy more mines and…

June 15, 2011

Gold, silver, base metals. All feature in new Yukon drilling results

Get set for a pace of drilling and exploration results from the Yukon even more blistering this year than the last. By way of yardstick, 2010 was stellar for exploration…

June 14, 2011

China’s asset managers rushing to launch resource investment funds

Chinese asset managers are rushing to launch funds that invest in natural resources and precious metals overseas, responding to feverish domestic demand for inflation-hedging tools.

June 14, 2011

Glencore shares dip on results, bid denial

Commodities trader Glencore (GLEN.L: Quote) is not considering a bid for embattled miner ENRC, its chief executive said, dismissing reports of a takeover after it disappointed the market with its…

June 13, 2011

ATAC Resources Ltd. drills significant new silver-lead-zinc discovery at its Ocelot target, Rackla Gold Project, Yukon

ATAC Resources Ltd. (TSX VENTURE:ATC) is pleased to announce it has made a significant silver-lead-zinc discovery at the Ocelot target beneath a known but previously undrilled surface gossan. The target…

June 13, 2011

Goldman, Clive Capital to launch commodities index-FT

Goldman Sachs is to launch a commodities index with Clive Capital, the world’s largest commodity hedge fund, the Financial Times reported on […]