Standard Bank maintains that while platinum prices over the long term are bolstered by a difficult supply outlook, over the short term, its prospects aren't as good.
Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced plans to invest approximately $140 million to further expand its coal handling facilities along the Gulf Coast.
McEwen Mining Inc. ("McEwen Mining") is pleased to announce that the previously announced business combination (the "Combination"), pursuant to which US Gold Corporation acquired Minera Andes Inc. and was renamed McEwen Mining, has been successfully completed and closed today.
Peru's Prime Minister said on Tuesday Newmont Mining’s stalled Conga project will be developed as the government could end up with a "huge" compensation payment if the $4.8 billion mine does not go ahead.
World number two miner Rio Tinto has taken a majority stake in Ivanhoe Mines, its partner on the massive Oyu Tolgoi project in Mongolia, purchasing a 51% interest. A favourite stock of punters, Ivanhoe surrendered 4% in Toronto on Tuesday.
Manson Creek Resources announced Tuesday it has entered into an option with Panarc Resources to acquire a 100% interest in the Up Town Gold project located adjacent to the historic Giant mine in the Northwest Territories. Shares in the tiny TSX-V listed explorer shot up 15% on the news with almost ten times the usual number of shares changing hands.