Volume 98 Number 21 Jul 9 - 15, 2012


Bolivian President Evo Morales.

Bolivian gov’t seizes Glencore’s Colquiri mine

The Bolivian government’s recent decision to ­nationalize Glencore International’s (GLEN-L)Colquiri lead-tin mine “will pose a number of serious questions relating to the government’s future policy towards foreign…


Centerra drops as Kyrgyz gov’t reviews Kumtor

Centerra Gold (CG-T) plunged more than 30% on June 22, as the Kyrgyzstan parliament debated the fate of the company’s Kumtor gold project in the country while investors worried about the possibility of Centerra losing its mining…


RCMP investigates Cardero’s activities in Ghana

Despite promising early results from its Sheini iron ore project in Ghana, Cardero Resource (CDU-T) could be facing a few legal headaches.The Royal Canadian Mounted Police (RCMP) has launched an investigation into how Cardero won the…


People

Allana Potash — Richard Kelertas appointed senior VP of corporate development.American Vanadium — Ron Espell appointed  VP of environmental.Atico Mining — Fernando Ganoza appointed CEO.Augusta Resource — Raghunath…


Exchange rates

EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date July 2 June 29 June 28 June 27 June 26   US$ in C N/A…


Gran Colombia builds up Marmato

Gran Colombia Gold (GCM-T) has boosted the resources at its Marmato gold project in Colombia, although it cost a bit of grade to do so.The company says measured and indicated resources stand at 409.7 million tonnes grading 0.9 gram gold…


Gold takes the spotlight at Aldridge’s Yenipazar

Aldridge Minerals (AGM-V) aims to capitalize on Turkey’s mining boom, which has drawn substantial international curiosity and investment.  Aldridge has been on a bit of a roll recently with upgraded metallurgy and an expanded…


Workers build a drill pad at Red Eagle Mining's Santa Rosa gold project near Medellin, Colombia. Photo by Ian Bickis

Red Eagle tickled pink with Santa Rosa in Colombia

Colombia-­focused junior Red Eagle Mining (RD-V) has hit encouraging high-grade gold intercepts in a phase-two drill program at its Santa Rosa project near Medellin, although the final drilling from phase one did not fare as well.Hole 42…


The exploration crew at WCB Resources' Misima Island copper-gold project in Papua New Guinea. Photo by WCB Resources

WCB hunts gold, copper on PNG’s Misima Island

When  Xstrata (XTA-L) put its share of the  US$5.3-billion Frieda River copper project in Papua New Guinea on the market in late June, there were a few raised eyebrows at the state of affairs in the country — especially given…


Uranerz discovers new uranium trend in Wyoming

Uranerz Energy (URZ-T, URZ-X) says it has discovered a new uranium trend on its Monument project, 24 km southeast of where the company is building its first in-situ recovery uranium mine at the ­Nichols Ranch project in Wyoming’s…


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