June 20, 2011

Alexco restarts mill at Bellekeno silver mine after 3-day power cut

After three days without power, Alexco Resources (TSX: AXR) said that electricity is once again flowing and that it had re-started the mill at its Bellekeno silver-lead-zinc mine in the…

June 19, 2011

First decline in 2 years in Chinese car sales worries zinc market

Reuters reports that zinc prices ended May slightly firmer, recovering from an early rout but the prospect of a sizeable supply surplus this year and next will continue to weigh…

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…