Rio Tinto earns US$7.4B in 2006
Surging demand from China for iron ore and copper resulted in a record-setting year for Rio Tinto (RTP-N, RIO-L) in 2006, but the company expects to see some moderation in 2007.
News
Globex and co. seek Tennessee zinc
A Toronto-based private group has agreed to buy the Smith Cty., Tennessee zinc mines formerly operated by Pasminco, and plans to go public in a $20-million financing.
Mining sector faces human resource crisis: Conference Board (February 19, 2007)
Vancouver — Despite high commodity prices and robust exploration activity, Canada’s reserves of base and precious metals are declining rapidly and much more activity will be required to sustain the s…
Committee Bay delivers Aussie high-grade
Vancouver — Redemption joint-venture partners Committee Bay Resources (CBR-V, CBYRF-O) and Focus Minerals (FML-A) like what they see so far in drilling at the Perseverance gold deposit in the Coolgar…
Editor’s picks: top stories of the week (February 19, 2007)
No commodity has more questions marks around it right now than uranium, with its very tight supply and continued projections of steep demand increases as the world returns in a big way to nuclear powe…
Pacifica to spin off non-Selwyn projects
Vancouver — Aspiring zinc developer Pacifica Resources (PAX-V, PCFRF-O) plans to reorganize itself into a pair of new companies to better realize market value for its mineral projects outside of its …
African mining conference draws masses
Cape Town, South Africa — On strong commodity prices and a sustained bull market, the opening day of the 12th annual Mining Indaba conference attracted more than 4,000 delegates to hear about the ong…
Centerra weathers stormy 2006
As its fourth-quarter results laid bare, 2006 was not a banner year for Centerra Gold (CG-T, CAGDF-O).
Suppliers News (February 19, 2007)
Scorpio awards Nuestra Senora prefeasibility contracts
Sunridge puts numbers to Eritrean massive sulphides (February 19, 2007)
Resource estimates for Sunridge Gold (SGC-V, SGCNF-O) on its Debarwa and Adi Nefas massive sulphide projects in central Eritrea show a significant supergene copper concentration.
Aurizon finds new gold zone at Casa Berardi (February 19, 2007)
As its Casa Berardi gold mine in the Abitibi region of northwestern Quebec ramps up to full production, Aurizon Mines (ARZ-T, AZK-X) has discovered a new gold-bearing quartz zone on the property.
Minires du Nord hits high-grade under Tulawaka pit
As Minires du Nord (Northern Mining Explorations) (MDN-T) gets ready to boost production at its Tulawaka open-pit gold mine in Tanzania, drill results for a potential underground mine have verified t…