Newmont’s Hope Bay project nears construction decision
When you’re 685 km northeast of Yellowknife, or roughly 160 km above the Arctic Circle, everything costs more than it does down south.
News
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 24, 2011 (change from Oct. 17 in brackets):
Argentina changes rules for miners
Future export revenues from mining operations in Argentina will have to be repatriated and converted to Argentine currency before being distributed either locally or back overseas, according to a new law. Distributing the earnings overseas will…
Asian group bids $1B for Grande Cache Coal
In an unusual move, two firms from traditional rivals China and Japan have teamed up to buy Alberta coal producer Grande Cache Coal (GCE-T) at a hefty premium, despite choppy times for the metallurgical coal industry.
Bear Creek presses on in Peru
Several months have passed since Bear Creek Mining (BCM-V) made headlines for all the wrong reasons, losing its Santa Ana silver project in Peru following extended and sometimes violent protests.
Iamgold buys toehold in Colombia’s Middle Cauca belt
Iamgold (IMG-T, IAG-N) has agreed to buy a minority interest in two junior explorers with porphyry-gold-copper projects in Colombia’s highly prospective Middle Cauca belt south of Medellin.
Agnico-Eagle takes big hit in Q3 with Goldex closure
Agnico-Eagle Mines (AEM-T, AEM-N) has posted a US$81-million net loss for the third quarter following the writeoff of its Goldex gold mine in Quebec.
Editorial: Miners tripped up in the Argentine tango
Executives and shareholders of foreign mining companies who slept soundly over the past few years thinking they had smartly navigated the murky waters of Argentine politics, regulations and tax policy got a rude awakening in late October.
Commentary: Eight reasons why Taseko’s New Prosperity will fail
Investors hoping to cash in on Taseko Mines’ second bid to develop the the New Prosperity copper-gold mine should think back a year. At that time, despite assurances from the company and its president that the original Prosperity mine proposal…
Suppliers news
Copper Fox inks deal with Stewart Bulk Terminals
People
Alderon Iron Ore – Bernard Potvin appointed executive VP of project execution.
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