The anticipated receipt of $115-million from the sale of its interest in the Putu iron project is ‘Christmas come early’ for iron-ore miner Afferro Mining, said London-based Evolution Securities’ Charles Kernot.
Adamus Resources Limited is pleased to announce that its ongoing exploration program has returned positive results from the recent RC drilling program at its Kanyankaw project (22km east of the Nzema Gold Project), located between Tarkwa and the port town of Takoradi.
TORONTO (miningweekly.com) – In backing down from a bidding war with Rio Tinto for Canadian uranium junior Hathor Exploration, Cameco CEO Tim Gitzel showed impressive restraint after he brazenly bid for the company having spent barely two months in the corner office.
Silver prices were expected to exceed $50/oz by the end of 2012, Thomson Reuters GFMS reported in its interim silver market review on Thursday. Silver prices so far this year have averaged $35.70, a rise of 88% year-on-year.
As diamond prices show their first significant drop since staging a signifi- cant recovery from the financial crisis, analysts said last week the pullback was due at some point, and that prices should more or less hold their current levels for the rest of this year and into 2012.
PERTH (miningweekly.com) Australia plans to open a A$31-million International Mining for Development Centre at an university in Perth to provide practical advisory, education and training services to developing nations, most notably African, across...