The Northern Miner : Headline News

Orezone turns asset to cash in Burkina

The Northern Miner — Fri, 3 Feb 2012 17:07:00 EST

Being in a gold rich company before the rest of the world gets turned on to it can pay some handsome dividends as Orezone Gold (ORE-T) is proving in Burkina Faso. [Full Story]

Salazar gains on Lundin's investment

The Northern Miner — Fri, 3 Feb 2012 16:37:00 EST

Salazar Resources (SRL-V) climbed 18% on news that Lundin Mining (LUN-T) acquired a 15.4% stake in the company by buying over 80% of Salazar's $3-million private placement, consisting of 6 million units priced at 50¢ apiece. [Full Story]

Malaysia gives Lynas temporary licence

The Northern Miner — Fri, 3 Feb 2012 15:45:00 EST

Shares of Lynas Corp. (LYC-A, LYSDY-O) closed 19% higher at A$1.59 on the Australian Stock Exchange following news that, after a year of delay, Malaysia has approved a temporary operating licence for the rare earth separation plant the company... [Full Story]

First Point shares up 105% so far in 2012

The Northern Miner — Fri, 3 Feb 2012 11:12:00 EST

The junior mining sector is off to a fantastic start in 2012 and few companies have seen their share price rise as much as First Point Minerals (FPX-V). The company's shares are up 105% since Dec. 30, climbing from a near-52-week low of... [Full Story]

Glencore, Xstrata in merger talks

The Northern Miner — Thu, 2 Feb 2012 18:06:00 EST

Commodities trader Glencore (glen-l) is looking to combine with Xstrata (xta-l) in a possible all-share merger of equals, which will see the combined entity dominate the global markets for thermal coal, zinc, lead and ferrochrome, and become a... [Full Story]

Great Western to reap Chinese expertise

The Northern Miner — Thu, 2 Feb 2012 16:53:00 EST

Over the last month Great Western Minerals (GWG-T) has completed a joint-venture with the Chinese to build a rare earth separation plant near its Steenkampskraal mine in South Africa, about 350 km north of Capetown, and successfully carried out... [Full Story]

Elgin bid for Gold-Ore creates new Arctic gold producer

The Northern Miner — Thu, 2 Feb 2012 16:40:00 EST

With gold equities having underperformed for more than a year despite the gold price hitting a series of new all-time highs, many analysts have predicted a fresh wave of M&A activity for the gold sector in 2012, arguing it represents one of... [Full Story]

Latin American Minerals clarifies and bounces back

The Northern Miner — Thu, 2 Feb 2012 16:39:00 EST

A day after protests forced the cancellation of the grand opening of its newly minted Independencia Mine (which sits on its Paso Yobai gold project), Latin American Minerals (LAT-V) clarified the situation and recaptured the market cap it lost... [Full Story]

The shine is back on uranium stocks

The Northern Miner — Thu, 2 Feb 2012 13:41:00 EST

Korea Electric Power Corporation is taking a 13.9% stake in Strathmore Minerals (STM-T) in a deal that will also give the Korean energy giant off-take rights to a portion of the uranium junior's future production. [Full Story]

Majescor hits high-grade silver in Haiti

The Northern Miner — Wed, 1 Feb 2012 22:53:00 EST

Vancouver - Haiti-focused Majescor Resources (MJX-V) has announced several encouraging copper and silver hits over two days from its 71%-owned Somine project, sending its share price upwards. [Full Story]