April 11, 2012

Vale vs IMF: Who are you going to believe?

Using the dismal science to make forecasts and taking risks with real money are two very different things. And the Brazilian giant is definitely putting its money where its mouth…

April 11, 2012

Peruvian company Grupo Brescia to extract copper in Chile

Peruvian company Grupo Brescia announced today that it is going ahead with plans to further diversify its investments by mining for copper in neighbouring Chile, reports Portal Minero.

April 11, 2012

One of the 33 Chilean miners trapped in 2010 ventures underground for first time since rescue

More than one billion people watched the rescue of 33 Chilean miners from a collapsed mine in 2010. Today, one of them has decided to venture underground for the first…

April 11, 2012

Anglo American to pump $2 billion into Brazil iron project this year

Anglo American Plc (LON:AAL) will spend over US$ 2 billion this year at its Minas-Rio 5.8-billion ton iron ore project in Brazil, the world’s second-largest exporter of the steel-making ingredient.

April 11, 2012

Endeavour Silver Reports Record Production in First Quarter, 2012; Produces 1,072,491 Oz Silver (Up 19%) and 6,321 Oz Gold (Up 26%)

Endeavour Silver Corp. (TSX: EDR.TO - News)(NYSE: EXK -News)(Frankfurt: EJD.F - News) announced today that the Company set new records for silver and gold production in the First Quarter, 2012…

April 11, 2012

Peruvian miners rescued this morning

The nine miners trapped in a high altitude underground copper mine in Peru since last Thursday are well and with their families, after they were freed this morning (12:00 GMT).

April 11, 2012

Orvana targets more gold/silver in Bolivia

The company expects the Don Mario upper mineralized zone at its gold-silver-copper mine in Bolivia to produce 12,500 gold ounces and 500,000 silver ounces, up from its earlier forecast.

April 11, 2012

Peru’s trapped miners: the sinking of the Titanic and the miners who died

With a blogger’s eye, today I celebrate the miners who perished in the sinking of the Titanic. Their story epitomizes the story of all miners; people who go to the…

April 10, 2012

Energold strikes record profits after drilling a million metres in 2011

The Vancouver company earned a profit of $26.4 million on $133.5 million in revenues for the year, up 145%, after drilling an astonishing 585,900 meters for minerals and a further…

April 10, 2012

Never mistake intelligence for a bull market: George Ireland

George Ireland, portfolio manager with Boston-based Geologic Resource Partners, believes in seeing what he invests in and his passport bears witness: 80 countries visited in five years.