Iron ore price collapse claims more victims

Cliffs Natural Resources (NYSE: CLF) and London Mining (LSE: LOND) have become the latest casualties of falling iron ore prices, with Cliffs warning that it expects to record a US$6 billion non-cash impairment charge in the third quarter on its...
Oct 17, 2014

Gold Reserve wins US$740M in 'stunning victory' against Venezuela

It's taken six years and over US$20 million in legal costs, but Gold Reserve (TSXV: GRZ) has won US$740.3 million in compensation for the expropriation of its Brisas gold project by the Venezuelan government — one of the largest...
Oct 17, 2014

Allied Nevada advances costly Hycroft plan despite capital squeeze

VANCOUVER — It's been a tough year for producer Allied Nevada Gold (TSX: ANV; NYSE-MKT: ANV) as it has moved through lower-grade areas at its flagship Hycroft mine 87 km due west of Winnemucca, Nevada. The company is hoping an...
Oct 16, 2014

Mkango climbs on Malawi's REE potential 

It’s a little unusual for a Canadian junior to skip a preliminary economic assessment and proceed to the prefeasibility stage, but that strategy seems to have worked for Calgary-based Mkango Resources (TSXV: MKA), judging by the...
Oct 15, 2014

Fortune aims for near-term cash flow at Revenue 

VANCOUVER — According to president Robin Goad, Fortune Minerals’ (TSX: FT; US-OTC: FTMDF) acquisition of the fully permitted Revenue silver-gold-lead-zinc mine in southwestern Colorado is poised to take the company...
Oct 15, 2014

Silver miners under pressure to trim costs  

A 24% year-on-year drop in the average annual silver price in 2013 to US$23.79 per oz. and an average price for the precious metal of US$19.71 per oz. in the third quarter of this year continues to put pressure on silver producers.
Oct 15, 2014

Rob McEwen defies gravity

Commercial flights to the edge of space on Virgin Galactic's SpaceShipTwo are supposed to start in March 2015 after the company's billionaire founder Richard Branson and his son Sam make the trip first.
Oct 10, 2014

Lundin to buy Candelaria from Freeport  

VANCOUVER — Rumours had been swirling for months over Lundin Mining’s (TSX: LUN; US-OTC: LUNCF) eyeing of Freeport-McMoRan’s (NYSE: FCX) 80% stake in the Candelaria copper-mining complex in Chile’s Atacama province, and...
Oct 8, 2014

Editorial: Glencore backs off run at Rio Tinto, for now  

Last week we highlighted the shocking collapse in iron-ore prices in September, with spot prices down more than 40% for the year, and trading below US$80 per tonne in China — the world’s largest importer — and gave a heads-up...
Oct 8, 2014

Innu First Nations return 'Stones of Shame' to Rio Tinto 

In a symbolic gesture the Innu First Nations of Uashat Mak Mani-Utenam and Matimekush-Lac John returned two iron-ore boulders to Iron Ore Co. of Canada’s (IOC) head office in Montreal. IOC is majority-owned by Rio Tinto. The boulders were...
Oct 8, 2014

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