East Asia Minerals extends Miwah Main zone to the West
Drilling at the Miwah project in Indonesia’s Aceh province in northern Sumatra has extended gold mineralizatio…
News
Western Copper permit denial raises questions about Yukon’s permitting process
VANCOUVER–The Carmacks copper project in the Yukon looked primed for development, with owner Western Copper (WRN-T) awaiting just one permit. But now that permit has been denied, after the territoria…
Buenaventura, Gold Fields make major gold discovery in Peru (May 24, 2010)
Just 18 months after drilling their first hole, joint-venture partners Minas Buenaventura (BVN-N) and Gold Fields (GFI-Q , GFI-J, GFI-D) have discovered a major gold-copper- silver deposit of 5.6 mill…
Canadian coal juniors gear up in the US
Recently, five Canadian coal juniors have acquired coal properties in the United States or are ramping up development work there.
Taseko gets US$350M to finance Prosperity
VANCOUVER — Taseko Mines (TKO-T, TGB-X) has signed a gold-stream agreement with Franco- Nevada (FNV-T) that will help finance the development of the junior’s Prosperity gold-copper project near Willi…
Lihir agrees to improved Newcrest offer (May 24, 2010)
Papua New Guinea-focused Lihir Gold (LGG-T, LGL-A, LIHR-Q) has agreed to be acquired by Newcrest Mining (NCM-A), which has projects in Australia, in a deal that values the former at A$9.5 billion.
Sabina discovers new gold zone at Back River (May 24, 2010)
VANCOUVER — Llama Lake started 2010 as a low-priority exploration target for Sabina Gold & Silver (SBB-T) but has now become the prime focus of drilling after the company pulled high-grade gold i…
Gold shines as euro crumbles
Mid-May saw a cooling off of the overheated gold markets, with the spot gold price pulling back from its nominal all-time record highs above US$1,240 per oz. and consolidating for the short-term above…
Chinese miners venture to Jamaica for bauxite/alumina
Chinese companies have been buying mineral assets or joint-venturing with resource companies wherever they can find them. The financial crisis only accelerated the trend as distressed companies looked…
Costa Rica’s new president extends moratorium on gold mining
Within hours of taking the helm of Costa Rica as president-elect on May 8, President Laura Chinchilla reportedly signed an extension of a moratorium on new gold mining projects that her predecessor, O…
PEOPLE (May 24, 2010)
Alcoa — Meg McDonald resigned as Alcoa Foundation president; Paula Davis appointed Alcoa Foundation president.
TORONTO STOCK EXCHANGE -May 11-17
Growing concern that efforts to lower public sector deficits could impede global growth caused the world’s major stock markets to lose much of their mid-week gains during the May 11-17 trading period …