Moly Mines shelves Spinifex Ridge moly-copper project in Oz
Falling metal prices and a higher Australian dollar have forced Moly Mines (MOL-T, MOL-A) to put on hold its Spinifex Ridge molybdenum-copper project in Western Australia’s Pilbara region.
Copper
Human Rights ruling for OceanaGold’s Didipio
Vancouver – A human rights ruling in the Philippines seems to have raised doubts as to the future of OceanaGold’s (OGC-T) Didipio project, while the Australian miner is assuring investors the project is a go.
Aldridge likes what it sees at Papua New Guinea discovery
When Aldridge Minerals (AGM-V) acquired a 450 sq. km license in Papua New Guinea in February 2009, it fielded three requests from majors to joint-venture the property even before any samples were taken.
Rockgate boots grade and tonnage at Falea
Vancouver – Rockgate Capital (RGT-T) has significantly boosted the size and grade of the uranium and silver resource in its Falea project in southwest Mali with a resource update.
Sunridge posts strong assay results in Eritrea
Sunridge Gold (SGC-T) has released assays from the first four of 35 holes drilled to define the Debarwa copper-gold-zinc VMS (volcanogenic massive sulphide) deposit at its Asmara project in Eritrea.
Canaco Resources explores Ethiopia (January 19, 2011)
Canaco Resources (CAN-V) may be best known for its Magambazi gold discovery in the Handeni district of eastern Tanzania, where in late December drill results yielded intercepts of 53.2 metres of 9.51 grams gold per tonne and 17.4 metres of 6.1…
Nautilus secures deep-sea mining lease (January 18, 2011)
Vancouver – A pioneering deep-sea mining operation is a big step closer to reality after Papua New Guinea granted a mining lease to Nautilus Minerals (NUS-T) for its Solwara 1 project in the Bismarck Sea.
HudBay bids for Norsemont (January 17, 2011)
HudBay Minerals (hbm-t, hbm-n) is looking to venture farther south than it ever has before to acquire its next project. The company has made a friendly $520-million pitch to Norsemont Mining’s (nom-t) shareholders in the hope of nabbing…
Copper is the consensus metal for 2011 (January 17, 2011)
When it comes to metals with the best fundamentals, the consensus for 2011 seems to be that copper wins hands down. The industrial metal already rose more than 30% in 2010.”Everybody seems to be bullish on copper and I hate to be a consensus…
Antofagasta helps Duluth Metals bid for Franconia
In a significant land consolidation move, Duluth Metals (dm-t) has agreed to buy Franconia Minerals (fra-t) for $77 million.A map of the two companies’ claims shows obvious synergies, with Franconia’s land package filling the holes between…
Inmet and Lundin propose to merge
The proposed merger of Inmet Mining (IMN-T, IEMF-O) and Lundin Mining (LUN-T), which both companies describe as a “merger of equals,” would create a large base-metal producer in Canada that would replace those the country has lost in the…
AQM gets first resource estimate done on Zafranal
Just four months after making a deal to hold on to its 50% stake, AQM Copper (AQM-V) has its first resource estimate for the Main Zone of the Zafranal project in Peru. The company says measured and indicated resources came in at 301 million…