Rio wins filing, Ivanhoe stock falls
While being on the hook for half of a roughly US$6 billion mine construction is hardly small potatoes it is a bargain compared to shouldering the entire cost load alone.
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Matamec signs MOU with Toyota Tsusho
Shares of Matamec Explorations (MAT-V) have taken off after the junior announced that it has signed a memorandum of understanding with the trading arm of Toyota Motor Group to fast-track the development of its Kipawa rare earths deposit in…
Cardero’s share of Carbon Creek at $752M NPV
Vancouver – Cardero Resource (CDU-T) has released a preliminary economic assessment on its 75%-owned Carbon Creek metallurgical coal project in Northeast British Columbia only months after securing majority ownership of the project.
Venture ends down slightly in Dec 5-9 period
Vancouver – The S&P TSX Venture Composite Index finished off the December 5 to 9 period at 1,547.31 points, down 9.57 points after dropping on four days and rallying on the fifth. Volume was up slightly at an average of 93.7 million shares…
U.S. markets eke out small gains, Dec. 5-9
U.S. equities ended the week marginally higher as leaders in the European Union-with the exception of Great Britain-agreed in principal to draft a new treaty to form a closer fiscal union in the Euro zone. But skepticism about whether Europe…
U.K. fraud office looks into Eurasian Natural Resources
London, U.K. – The Serious Fraud Office (SFO), an independent department of the British government that investigates and prosecutes serious or complex financial fraud and corruption, is looking into allegations of unlawful activity at Eurasian…
First Mexican has big plans for Guadalupe
Hermosillo, Mexico – Ongoing exploration for a cash-strapped junior is hard to do in a turbulent market, but one that could reap handsome rewards. The possibility of a huge pay off is keeping First Mexican Gold’s (FMG-V) president and…
New NWT Premier looking to revive mineral investments
Two recent news items have underscored the divergent futures of the Northwest Territories (NWT) and Canada’s other two territories. On one side, BHP Billiton (BHP-N) announced possibly selling its Ekati diamond mine in the Northwest Territories…
Newmont suspends Conga construction
Newmont Mining (NMC-T, NEM-N) has indefinitely halted construction activities in agreement with the government of Peru at its 51%-owned Conga gold-copper project in the northern region of Cajamarca, following weeks of protests over the proposed…
K+S to make history with Legacy potash
K+S plans to go ahead with building its Legacy potash project in Saskatchewan’s highly prospective potash basin, with initial production expected in 2015.
Molycorp delivers on magnet-making deal
In August Molycorp’s (MCP-N) proposed partnership with Hitachi Metals to create a joint venture that would manufacture neodymium-iron-boron (NdFeB) alloy and permanent rare earth magnets fell through when the two companies failed to reach an…
Canaccord: Keegan shares oversold
Keegan Resources (KGN-T, KGN-X) shares are undervalued, even considering the new tax changes proposed in Ghana, Canaccord Genuity mining analyst Nicholas Campbell argues in a research note, adding that the gold junior could be targeted by an…