Diversified miner Noranda Mines (TSE) revealed plans this week to buy up those shares of Brenda Mines (TSE) and Kerr Addison Mines (TSE) that it does not already own.Noranda, which owns 52.1% of Kerr …
Exploration of copper and gold prospects near Papua New Guinea are paying off for Australian-based Nord Pacific (NASDAQ).On Simberi Island, bulldozer trenching at the Sorowar prospect discovered gold-…
The U.S. federal government is calling for a re-evaluation of water quality standards at the Cresson gold mine in east-central Colorado. The Environmental Protection Agency (EPA) has told Colorado sta…
In the absence of a rival bid for Diamond Fields Resources’ (TSE) stake in the Voisey’s Bay nickel-copper-cobalt deposit in Labrador, the wheels have been set in motion for the takeover of the company…
The National Mining Hall of Fame and Museum is constructing a replica of a coal mine.The museum already features a walk-through replica of a hardrock mine (complete with twisting caverns, mine timbers…
Toronto-listed Cameco has posted its best-ever year-end results, thanks to a 25% increase in the spot price of U3O8 and record sales for uranium concentrates.Spot prices of U3O8 jumped to US$12.20 per…
Precious and base metal mineralization at the Tambo property in southern Peru is being trenched in an effort to define drill targets.The 25,400-hectare parcel of land is one of 11 Peruvian properties …
Bre-X Minerals (ASE) has released the much-anticipated resource calculation for a portion of the Southeast zone at the Busang gold project in East Kalimantan, Indonesia.Based on a cutoff grade of 0.75…
Kennecott Canada is proceeding with a 3,000-tonne bulk-sampling program at its Diavik diamond project in the Lac de Gras region of the Northwest Territories.Kennecott, as operator, holds a 60% interes…
Toronto-listed Goldcorp has intersected high-grade gold values around existing zones at its Red Lake mine in northwestern Ontario.Twenty-five holes were drilled in five areas around known mineralizati…
Minorco subsidiary AMSA will acquire a 75% interest in the Loma de Hierro nickel project from Jordex Resources (TSE) and Venezuelan partner Corporacion Caracas.A previous agreement entitles AMSA, whic…
Copper producers have enjoyed robust prices of late, and though prices may weaken with an increase in supply, the long-term outlook for demand remains bullish.Many producers of the red metal have bene…
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