Rio Tinto to create Sudbury research centre
Rio Tinto (RIO-N, RIO-L, RIO-A) has announced it will establish the Rio Tinto Centre for Underground Mine Construction at the Centre for Excellence in Mining Innovation (CEMI) in Sudbury, Ont. The min…
News
Lead, zinc in oversupply in 2010: ILZSG
The International Lead and Zinc Study Group (ILZSG) released preliminary data for world lead and zinc supply and demand during the first nine months of 2010. A brief summary is listed in the tables be…
Russia and gold
In a scenario long plotted out by gold bugs, there was another geopolitical shift in the use of the U.S. dollar and gold as financial instruments over the week.
Pershimco revives Panamanian project
VANCOUVER — Just two months after buying the Cerro Quema gold project in Panama, Pershimco Resources (PRO-V) is pulling long gold intercepts from the site as it works to twin historic holes and colla…
Corex gains on Santana results
VANCOUVER — Corex Gold (CGE-V) added 20% to its share price after another set of drill results from the Santana project in Mexico’s Sonora state expanded the Nicho gold-oxide zone.
Medusa to build a new plant at Co-O mine
Debt-free and unhedged gold producer Medusa Mining (MLL-T, MML-L, MML-A) will use US$80 million from its cash flow to build a new treatment plant and expand its Co-O gold mine in southeastern Mindanao…
Mercer holds gold in Colombia
With the gold boom in Colombia in full swing, it may come as some surprise that speculative land next to a 10-million-oz. gold deposit would still be available.
Vatukoula Gold seeks North American listing
Dave Paxton was so convinced he could turn around Fiji’s only gold mine that he left a comfortable job as a mining analyst at Hichens Harrison, London’s oldest stockbroking firm, to put his money wher…
Almaden expands Ixtaca gold-silver zone
Almaden Minerals (AMM-T, AAU-X) has extended the Ixtaca gold-silver zone by more than 100 metres along the interpreted strike with the latest drill results from its Tuligtic project in Puebla state, M…
Peregrine’s Chidliak delivers the goods (December 06, 2010)
Highly anticipated mini-bulk sample results from Peregrine Diamonds’ (PGD-T) Baffin Island Chidliak diamond project didn’t disappoint.
Walter Energy seals $3.3bn deal for Western Coal
Vancouver – Two weeks of intense negotiations and due diligence between Western Coal (WTN-T) and Walter Energy (WLT-N) has produced a formal $3.3 billion agreement to merge the two companies and create a leading metallurgical coal producer.
Seafield way up on long Colombian intercept
Results from the first three holes from Seafield Resources’ (SFF-V) latest campaign at the Miraflores deposit in Colombia sent the company’s shares flying. Seafield shares shot up 147% in Toronto on Dec. 3 to finish the day at 57¢ on…