INTERNATIONAL QUOTES (May 24, 2010)
Australia (A$) May 18 May 4 Change Aquila Resources 9.09 9.76 -0.67 Bendigo Mining 0.23 0.26 -0.03 Centennial Coal 4.12 4.11 0.01 Fortescue Res 4.06 4.06 0.00 Iluka R…
News
Brazauro accepts Eldorado’s takeover offer (May 24, 2010)
The boards of Eldorado Gold (ELD-T, EGO-N, EAU-A) and junior Brazauro Resources (BZO-T) have approved a friendly all-share takeover offer tabled by the Vancouver-based gold producer.
Post-quake Chile seeks more from copper miners
SANTIAGO, CHILE — As dawn broke on Feb. 27, 2010, Chileans were aghast at the destruction wrought by a huge earthquake that had shook most of them from their sleep the night before.From Santiago down the Central Valley, the country’s…
Philippine Metals blazes trail on Luzon
You could say Philippine Metals (PHI-V) has Bre-X Minerals to thank for its good fortune.The chill in mining exploration that swept Southeast Asia in the aftermath of the Bre-X scandal shuttered the offices of many majors active in the…
New challenge for Chile’s ‘Copper Man’ (May 24, 2010)
SANTIAGO, CHILE — It was no surprise that they wanted him but few expected him to accept. Especially given the huge paycut he will have to take.On April 20, Chile’s state-owned copper giant Codelco announced that its board of directors had…
Lundin’s Q1 results miss market expectations
Despite coming a long way in a year’s time, Lundin Mining’s (LUN-T) first quarter financial results failed to rally market support.While Lundin earned US$38 million or 7¢ a share in the first quarter — compared to a loss of US$8.6…
Quaterra confirms Nieves silver, gets Goldcorp backing
VANCOUVER — Quaterra Resources (QTA-V, QMM-X) has hit high-grade silver at its 50%- owned Nieves project in Mexico’s Zacatecas state through infill drilling designed to shore-up an initial resource e…
Major resource increase for Majestic’s Song Jiaguo
Majestic Gold (MJS-V) has more than doubled indicated resources at its Song Jiaguo gold project in Shandong province, China.
La Mancha pours gold at White Foil in Australia
La Mancha Resources (LMA-T) poured its first gold dor bar from its 100%-owned White Foil mine near Kalgoorlie, in Western Australia, and says it’s on track to produce between 13,000 and 16,000 oz. go…
Teck goes ahead with Aqqaluk (May 21, 2010)
Vancouver – After months of uncertainty, Teck Resources (TCK.B-T, TCK-N) has announced it is proceeding with t…
SouthGobi tries to reverse recent market slide
Large losses and re-aligning an open pit mine have dampened the recent market enthusiasm for SouthGobi Resourc…
Polish miner invests in Abacus
Europe’s second largest copper producer KGHM Polska Miedz has agreed to fund up to 80% of Abacus Mining and Ex…