Grupo Mexico completes Asarco merger
After extending the deadline for its offer, Grupo Mexico completed its tender for the outstanding shares of New York, N.Y.-based Asarco (AR-N).The Mexican conglomerate captured 32.6 million shares of …
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MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Gold lifted by rate hike
The Dow Jones industrial average climbed 315.01 points, or 3%, to 10,932.33, late in the report period ended Nov. 16, spurred by an interest rate hike by the U.S. Federal Reserve.The rate hike helped …
DIAMOND PAGE — Archangel expands Russian Grip
Drill results have increased the size of the Grip kimberlite pipe in northwestern Russia for Archangel Diamond (AAD-V).The program, designed to outline the limits of the 14-ha pipe, identified a wide …
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Canmine aims to restart plant
AGRA Simons has been retained by Canmine Resources (CMR-T) to investigate the feasibility of resuming production at the hydrometallurgical cobalt extraction plant and refinery in Cobalt, Ont.The initi…
North American Palladium doubles Lac des les resource
The Lac des les palladium deposit in northern Ontario has just doubled in size.AGRA Simons, retained by mine owner North American Palladium (PDL-T) to perform a feasibility study, estimates a measure…
Manhattan to resume work at Tambo Grande project
Manhattan Minerals (MAN-T) will begin a second round of drilling at its 75%-optioned Tambo Grande polymetallic project in northwestern Peru.During the first phase, which consisted of 102 core holes (2…
GEOLOGY 101 – Skarn deposits, Part 1
Skarn deposits are significant sources of tungsten, copper, iron, gold, molybdenum, lead, zinc and tin, as well as being minor sources of silver and bismuth. Industrial minerals, including wollastonit…
PEOPLE — Solitario
John Hainey appointed director.
PEOPLE — LionOre
Colin Steyn appointed president and CEO; Donald Bailey appointed vice-chairman.