Silvercorp rebounds somewhat after resource updates
Vancouver – Bruised by the fallout of the Sino-Forest (TRE-T) debacle, Silvercorp Metals (SVM-T) has since regained some lost ground after several resource and reserve updates and a share buy-back.
Asia
Mindoro working to expand Agata nickel project
Vancouver – Philippines-focused junior Mindoro Resources (MIO-V) continues to advance its Agata nickel project in the country with an updated resource and prefeasibility study in the works.
Peabody Energy among those picked to develop Tavan Tolgoi
Shares of Peabody Energy (BTU-N) jumped US$1.30 or 2.2% to US$60.69 following reports on July 5 that Mongolia had chosen it as part of a global energy consortium including China Shenhua Energy and a Russian-Mongolian group to develop its…
Alamos drills new gold zone near Agi Dagi
Gold miner Alamos Gold (AGI-T) has delineated a new gold zone near its Agi Dagi gold project in Turkey that it believes has the potential to develop into a “stand-alone” project, according to a company news release dated June 16.
Intrepid’s Tujuh Bukit unaffected by recent fire
Intrepid Mines (iau-t, iau-a) says a group of illegal miners recently set a small fly camp and drill rig on fire at a target on its prized Tujuh Bukit sulphide gold-copper project in East Java, Indonesia.
Letter to the editor: China Coal and Mei Feng
In the article “China Coal aims to become a mid-tier producer,” (T.N.M., May 30 – June 5/11), statements were made in respect of China Coal and its intended acquisition of the operating interest in the Mei Feng coal mine.
Reko Diq inches closer to a licence
A mining licence dispute for the sizable Reko Diq copper-gold project in Pakistan’s southwest Balochistan province potentially nears its end, after much uncertainty.
Alamos defines new ‘stand-alone’ gold deposit in Turkey
Mid-tier gold miner Alamos Gold (AGI-T) has delineated a new gold zone near its Agi Dagi gold project in Turkey that it believes has the potential to develop into a “stand-alone” project, according to a news release dated June 16.
Pilot Gold lifts off on Turkey play
A small market cap can be a wonderful thing as evidenced by the market action of two different companies in early May.
Southern Arc outlines wide zone
On one a tough day on the market for miners, Southern Arc Minerals (SA-V) defied the trend and made a solid gain on the back of its latest drill results.
China Coal aims to become a mid-tier producer (May 30, 2011)
Feng Lishe was born in Xinjiang – a province in remote northwestern China where per capita GDP typically averages US$2,000 a year in the cities, and about half that in the countryside.
Puda Coal faces class-action lawsuit (May 30, 2011)
Allegations of fraud and untrustworthy financial statements that have led to a class-action lawsuit against former stock market darling Puda Coal (PUDA-X) underscore just how risky doing business in China can be.