BHP closes nickel mine as prices rise
At a time when investors are getting more bullish about nickel prices BHP Billiton (NYSE: BHP; LON: BLT; ASX: BHP) has decided to close one of its key nickel mines in Australia.
News
Russian billionaire acquires Mercator
VANCOUVER — Struggling copper producer Mercator Minerals (TSX: ML) has reportedly been on the market since late September, and the company found a suitor in Intergeo MMC — a Russian-based resource company controlled by…
Ivanhoe outlines major copper mine at Kamoa
VANCOUVER — Years ago, he called Voisey’s Bay a game-changer for the global nickel game. After that he labelled Oyu Tolgoi a world-class copper project. Only a few weeks ago he called a high-grade platinum, palladium, rhodium and…
Coastal Gold makes headway
Coastal Gold (TSXV: COD) has updated the resource estimate for its Hope Brook gold project on the southwestern coast of Newfoundland, with grades in the indicated category 30% higher than in the last resource estimate completed in October 2012.
Rio Tinto charts path to cut spending and boost returns
VANCOUVER — At a shareholder meeting in Sydney, Rio Tinto’s (NYSE: RIO; LSE: RIO) executive team laid out a plan to reinvigorate the world’s second-largest miner.
Second Keno Hill mine is key to Alexco’s plan
VANCOUVER — There are over 40 million oz. of indicated silver resource sitting alongside a modern mill at Alexco Resource’s (TSX: AXR; NYSE-MKT: AXU) historic Keno Hill property in the Yukon, but, with the price of silver struggling…
Atico steams ahead
Atico Mining (TSXV: ATY; US-OTC: ATCMF) became a producing mining company when it acquired 90% of the El Roble mine — the only producing copper mine in Colombia.
Pershimco goes long on Panamanian copper
While it may not be a name many are familiar with, Pershimco Resources (TSXV: PRO) thinks its Cerro Quema project could let it become the next big name in Panamanian copper.
Pilot Gold finds high-grade structures at Kinsley
VANCOUVER — A 36.6-metre intercept grading 8.53 grams gold per tonne has Pilot Gold (TSX: PLG; US-OTC: PLGTF) convinced anew the Kinsley Mountain project in Nevada could contain a lot of gold.
TomaGold, Iamgold take on Monster Lake
VANCOUVER — When precious-metal producers are on the lookout for high-grade assets to augment development pipelines, it’s often been junior companies that reap the rewards. And that’s the case for Quebec-focused explorer…
Vale commissions hydromet nickel plant at Long Harbour
VANCOUVER — Twenty years after Diamond Fields Resources discovered nickel in at Voisey’s Bay in Labrador and eight years after Vale (NYSE: VALE) predecessor Inco started mining, work is now wrapping up on a state-of-the-art…
Wolfden digs into Armstrong
Wolfden Resources (TSXV: WLF) is looking to repeat the success of its former namesake, and if it can do it, it will take the province of New Brunswick along for the ride.