More violence at Barrick’s North Mara
The problems continue for Barrick Gold (ABX-T, ABX-N) in Tanzania, only now the Toronto-based miner is slightly shielded by the company it spun the assets into – African Barrick Gold (ABG-L).
News
China Coal aims to become a mid-tier producer (May 30, 2011)
Feng Lishe was born in Xinjiang – a province in remote northwestern China where per capita GDP typically averages US$2,000 a year in the cities, and about half that in the countryside.
Upgrading to CIL positive for Hassai, La Mancha says (May 30, 2011)
La Mancha Resources’ (LMA-T) producing Hassai gold mine may be in the middle of the Red Sea Hills desert in northeastern Sudan, but upgrading its current heap-leach plant to carbon-in-leach technology still makes sense, a definitive feasibility…
Mawson advances Rompas despite Finnish bureaucracy (May 30, 2011)
Ranked the world’s fifth-best mining jurisdiction based on exploration potential and safety of investment in the Fraser Institute’s Annual Survey of Mining Companies for 2010/11, Finland is generally regarded by mining executives around the…
Pacific NW Capital drills PGMs at River Valley
Harry Barr grew up on a family farm in Ontario’s Ottawa Valley and studied agribusiness at Guelph University, but when his uncle Mel asked him to help run a placer gold mine in the jungles of Colombia, a future career in mining became set in…
Hunt’s promising intercepts at La Josefina
Argentina-focused Hunt Mining (HMX-V) has drilled encouraging gold intersections at the Sinter zone of its La Josefina gold project in Santa Cruz province.
Puda Coal faces class-action lawsuit (May 30, 2011)
Allegations of fraud and untrustworthy financial statements that have led to a class-action lawsuit against former stock market darling Puda Coal (PUDA-X) underscore just how risky doing business in China can be.
BHP greenlights Misery at Ekati
BHP Billiton (BHP-N, BLT-L) has given a thumbs-up to its Misery open-pit project at the Ekati diamond mine near Yellowknife, N.W.T.
BC’s NW Transmission Line gets environmental approvals
Mining projects in British Columbia’s northwest are another step closer to tapping into the provincial grid after the federal government gave the environmental go-ahead for the Northwest Transmission Line.
Rising Nevsun declares first dividend (May 30, 2011)
Nevsun Resources (NSU-T, NSU-X) has followed up a successful ramp-up to production at its 60%-owned Bisha polymetallic mine in Eritrea by declaring a modest first dividend.
Profits surge at Dundee Precious Metals (May 30, 2011)
With increased production and higher realized metals prices, Dundee Precious Metals (DPM-T) has managed to turn things around from where they were this time last year.
Two sides hunker down at RX Exploration
A battle is brewing in the boardroom of RX Exploration (RXE-V).