Inca Pacific takes $35-million buyout to end ownership dispute
Vancouver – A protracted ownership battle looks to be closing with Inca Pacific Resources (IPR-V) agreeing to a roughly $35-million buyout by Peruvian-listed Minera Milpo.
Copper
Strong drill results from Queenston
Queenston Mining (QMI-T) has completed 9 new drill holes at its wholly owned Upper Beaver gold-copper deposit in Kirkland Lake, Ont.
Santo Domingo a feather in Capstone’s cap
Capstone Mining (CS-T) has released a prefeasibility study for its 70%-owned polymetallic Santo Domingo project in Chile that shows relatively low capital costs for a project of its scale, just as costs are on the rise for its two producing…
Quadra FNX pumps profits despite lower production
It was a busy second quarter for copper miner Quadra FNX Mining (QUX-T), but one that paid large profits to the recently merged company despite lower production totals.
Cadillac boosts Thierry resource
Cadillac Ventures (CDC-V) has increased the measured and indicated resources by 33% and inferred resources by 75% at its100%-owned Thierry mine project in northwestern Ontario based on drilling completed in 2010 and 2011.
Nevsun hits more copper at Bisha
Vancouver – Nevsun Resources (NSU-T) has pulled numerous copper hits from an area just outside the established resource at its producing Bisha mine in Eritrea.
Banana yields more copper for Hana
As Hana Mining (HMG-V) drives towards building a copper mine at its Ghanzi property in Botswana, the company is still hitting significant grades of copper and silver in the Banana zone.
Feds accept Taseko’s New Prosperity for review
Vancouver – The Federal Government has agreed to take a second look at Taseko Mines’ (TKO-T) gold-copper Prosperity project in central British Columbia, breathing new optimism into the beleaguered project.
Coro Mining shares plunge after environmental permit rejection
The provincial government of Mendoza has failed to ratify the environmental impact declaration for Coro Mining’s (COP-T) San Jorge copper-gold porphyry project in Argentina, voting against allowing the company to build an open-pit mine there.
Resources jump 443% at China Gold’s Jiama
China Gold International (CGC-T) is working hard to impress the market with its Jiama copper polymetallic mine in Tibet as it boosts resources and looks to undergo a major mine expansion.
Prophecy Platinum gains on drill results
Shares of Prophecy Platinum (NKL-V, PNIKF-O) shot up 10.24% or 43¢ to $4.63 on drill results from its flagship Wellgreen deposit in the Yukon Territory, about 317 km northwest of Whitehorse.
What next for Lundin?
Rumours have been circulating for weeks that cash-rich BHP Billiton (BHP-N, BTL-L) might be interested in making a bid for Lundin Mining (LUN-T), but a late-night post on the Telegraph’s website on Aug. 8 added more fuel to the fire.