Teck lowers estimated coal output by one million tonnes due to weather, labour dispute
Teck Resources announced today that it expects lowers coal output this year due to bad weather conditions along its rail lines and […]
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Centerra Gold projects $5 billion in revenue from Kumtor open pit mine
Using a gold price of $1,000 per ounce, the Kumtor open-pit LOM plan has been used to project the net cash flow for the open pit operations for the period of January 1, 2011 to 2021.
Total gross revenue from the sale of gold and minor silver credits are estimated to be nearly $5.0 billion while direct operating costs are estimated to be $1.9 billion or $385 per recovered ounce of gold produced.
EMED makes progress with reopening of Rio Tinto copper mine, Spain
EMED announced that the provincial government of Andalucia has unblocked the process required to grant the mineral rights for the Rio Tinto Mine to EMED Tartessus, the company’s wholly-owned Spanish subsidiary.
Further, the government has made a decision on the tailings dam issue and ruled that EMED will assume formal responsibility for its maintenance and operation.
Canada extends exploration flow-through credit
TORONTO (miningweekly.com) – Canada will extend its mineral exploration tax credit for flow-through share investors for another year, but plans to remove […]
Indicator Minerals options Barrow project to Diamonds North Resources
Indicator Minerals Inc. (TSX VENTURE:IME) today announced that it has entered into an option agreement with Diamonds North Resources (TSX VENTURE:DDN) on […]
Canaco completes $120 million treasury bought deal financing and $43 million secondary bought deal financing
Canaco Resources Inc. (TSX VENTURE:CAN) (“Canaco” or the “Company”) is pleased to announce it has completed its previously announced bought deal financing […]
Mustang announces new platinum and palladium discovery in Manitoba
Mustang Minerals Corp. and 19.9% shareholder Western Areas NL are pleased to announce a significant new drill discovery of platinum and palladium […]
HudBay buys mores shares in U.S. copper/moly mine developer
Canadian base metals miner HudBay Minerals Inc raised its stake in Augusta Resource Corp to 14.3 percent by buying 5.4 million more shares in the company for C$21.3 million.
HudBay now holds 20.2 million shares of Augusta Resource, up from about 14.8 million earlier, the company said on Monday.
Rusal suffers further rebuff as court rejects injunction request
Moscow - OJSC MMC Norilsk Nickel (the Company) announces today that RUSAL has once again failed gain an injunction through court. The Krasnoyarsk Territory arbitration court has rejected the request for an injunction in a lawsuit brought by RUSAL against OJSC MMC Norilsk Nickel. The suit challenged the divestment of the OGK-3 generating company for a stake in Inter RAO.