PEA sets out $7.7B NPV for Orbite’s alumina project
Orbite Aluminae (ORT-T) has released some hard numbers showing the potential of its patented aluminum-extraction process and corresponding project, which it promises will transform the industry.
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Intrepid Mines keeps expanding Tumpangpitu
For the third time in a little over a year, Australia-based Intrepid Mines (IAU-T, IAU-A) has added hundreds of millions of inferred tonnes at the Tujuh Bukit gold-copper project in Indonesia.
Updated: Accusations fly in Mosquito Consolidated boardroom scuffle
Vancouver – Weeks of mounting tension between opposing factions of the board of Mosquito Consolidated Gold Mines (MSQ-V) came to the fore at the company’s annual general meeting on December 16 as shareholders finally had their say in the…
Venture drops 121 points in Dec. 12-16 period
Vancouver – The S&P TSX Venture Composite Index had a tough run in the December 12 to 16 period, almost dipping below 1,400 points after four days of losses before recovering slightly to end down 121.2 points at 1,426.11 points. Volume was…
Lundin completes Semblana resource
Lundin Mining (LUN-T, LUMI-O) discovered the Semblana copper deposit adjacent to its Neves-Corvo mine in southern Portugal in September last year and describes it on its website as “the first new massive sulphide deposit discovery at…
U.S. markets drop, Dec. 12-15
U.S. equities slipped during Dec. 12-15, as investors took in the news flowing out of Europe around its growing debt crisis.
Xstrata to expand Canadian footprint through organic growth
London, U.K. – After a decade of expansion through M&A, diversified Swiss miner Xstrata (XTA-L) is turning to organic growth to provide its next generation of mines and to increase production through the expansion of others.
Coalspur makes headway at Vista
Marketable coal reserves at Coalspur Mines’ (CPT-T) flagship Vista project in Alberta have risen 20% to 313 million tonnes from the 260 million tonnes estimated in the prefeasibility study. The 313 million tonnes will come from a recoverable…
TSX suffers under global fears of slowdown
Just a week after markets were bolstered by an agreement amongst most European Nations to work towards a new treaty, markets sold off for the Dec. 12-15 period with the
Thompson Creek raises $270M with gold stream sale
Vancouver -Thompson Creek Metals (TCM-T, TC-N) has pre-sold another chunk of future gold production from its Mt. Milligan project to Royal Gold (RGL-T, RGLD-Q) in the face of a softened molybdenum market and two projects under…
Brigus expands gold resources at Black Fox
Brigus Gold (brd-t, brd-x) grows its gold resources at the Black Fox complex in Timmins, Ont.
Regulus and Pachamama soar on Argentina drill results
A newly discovered high grade zone sent Regulus Resources (REG-V) and Pachamama Resources (PMA-V) shares flying on Thursday.