EMED perseveres at Rio Tinto in Spain
The Rio Tinto copper mine in southwest Spain has been mined for thousands of years, and modernizing it might be a challenge.
News
Cash-rich AuRico to buy back shares
AuRico Gold (AUQ-T, AUQ-N) is flush with US$750 million in cash after selling Minera Frisco (MSNFY-O) its Ocampo mine and adjacent exploration projects, Venus and Los Jarros, in Mexico’s Chihuahua state, as well as its 50% interest in…
Centerra gets more headaches in Kyrgyzstan, puts more capital into Turkey
Centerra Gold (CG-T) is going all-in on a small Turkish gold project, just as it prepares to endure more tough times at the world-class Kumtor gold mine in Kyrgyzstan. Issues at Kumtor have been ongoing, with talk concerning nationalization of…
Coeur to take 100% of Joaquin
Some mining companies find it tough in Argentina — and particularly in less mining-friendly provinces like Chubut — where the provincial government has proposed higher taxes and royalties. And even in more benign, mining friendly…
Kaminak tallies 3.2M oz. gold in Yukon
The final stretch of 2012 was promising for for shareholders of Vancouver-based explorer Kaminak Gold (KAM-V). The company saw its share price rise 44% since Dec. 10 — jumping 44¢ before closing the week at $1.43 per share. Kaminak…
Belo Sun’s Volta Grande on M&A radar
Belo Sun Mining’s (BSX-T) Volta Grande could become a potential acquisition target, as the Toronto-based firm expands and derisks the large gold project in Brazil, analysts say.
South American Silver invests closer to home
After taking a bruising in Bolivia earlier this year when the government revoked its Malku Khota concession, South American Silver (SAC-T, SOHAF-O) is sticking a little closer to home.
Silver Standard targets Pitarrilla
After repositioning Silver Standard as a well-funded firm with a strong management team and a sole operating mine in Argentina, Silver Standard Resources’ (SSO-T, SSRI-Q) president and CEO John Smith says his company is now “getting…
Vale takes hefty write-downs
Vale (VALE-N) is taking a US$2.85 billion write-down on its Onça Puma nickel mine in the northern Brazilian state of Para after troubles with two furnaces earlier this year led to the halting of its ferronickel…
Canada Lithium starts mine commissioning
Canada Lithium (CLQ-T) has started commissioning the open pit and processing plant at its Quebec Lithium mine near Val d’Or, Que., with first production of spodumene concentrate expected shortly, followed by lithium carbonate output early…
Premier updates Trans-Canada resource
Premier Gold Mines (PG-T) has completed a much-anticipated resource estimate on the four gold deposits—Hardrock, Brookbank, Kailey and Key Lake — that make up its Trans-Canada project in the Beardmore-Geraldton Greenstone belt.
EMED perseveres at Rio Tinto
Mining has been going on at the Rio Tinto copper mine in Spain for thousands of years, but that doesn’t mean molding it into its most modern incarnation is an easy task.