Cameco picks up BHP’s Yeelirrie in WA
It appears that Cameco(CCO-T, CCJ-N), Canada’s major uranium power, is viewing a downswing in uranium markets as an opportunity to diversify its project portfolio, and acquire another foothold in Australia.
News
Editorial: South Africa on the brink?
Post-apartheid South Africa has provided duelling optimists and pessimists with plenty of fodder to back up their long-standing positions. There have been unabashed triumphs — such as the country’s avoidance of Zimbabwe-style…
Commentary: The new US rules for ‘conflict minerals’ and their impact on miners
On Aug. 22, 2012, the U.S. Securities and Exchange Commission adopted a final rule establishing new disclosure and reporting obligations on companies whose products contain so-called “conflict minerals.” This new disclosure requirement will…
Correction
In the article “Pretium cuts Brucejack’s resource” (T.N.M., Sept. 24–30/12), it was incorrectly stated that the company had a 24,000-metre drill program with six rigs at the project. In fact, Pretium has a total 100,000-metre…
Lonmin’s wage deal fuels more unrest in South Africa
While Lonmin (LMI-L) has ended a bloody labour dispute at its Marikana platinum mine near Rustenburg in South Africa that left 46 dead, other miners in the country are demanding higher wages.
Market news
Toronto Stock Exchange
Metals, mining, stocks and money markets
Spot pricesCourtesy of ScotiabankTuesday, September 25, 2012Precious MetalsPrice…
Exco Resources fights hostile takeover
Just two weeks after the board of Australian junior Exco Resources (ESX-A) rejected a hostile, all-cash takeover offer from one of its institutional shareholders, the explorer released an updated resource estimate for its Turpentine copper-gold…
Hennigh’s grand gold vision in Western Australia
When it comes to early stage exploration, it is not unusual to hear about big ideas and regional plays. But when Quinton Hennigh focused on a theory for the better part of a decade with prolific Australian prospector Mark Creasy, the wheels got…
Queensland’s new tax angers coal miners
Australia’s biggest miners say the Queensland government’s latest move to hike royalties on coal operations will cause more job losses and project cancellations in the troubled sector.
Vista keeps growing Mt. Todd
Vista Gold (VGZ-T, VGZ-X) has bulked up its resource estimate for the Batman deposit at its Mount Todd gold project in Australia’s Northern Territory.
Lynas takes step closer to REE production
Lynas Corporation (LYC-A) has been developing its large rare earth project in Western Australia for more than 10 years, and a decision earlier this month by Malaysia’s Atomic Energy Licensing Board (AELB) has brought the project a step…