‘Porkulus’ To Stoke Inflation
The financial world during the fifth trading week of the year was dominated by the haggling in Washington, D. C., over the size and content of the federal government’s unprecedentedly large stimulus b…
Australia, NZ & South Pacific
Rio Tinto Sells More Assets To Pare US$37B Debt
Rio Tinto (RTP-N, RIO-L) continues to hack away at its immense debt load with sales to Vale (RIO-N) of its undeveloped potash assets in Argentina and Canada and an iron ore mine in Brazil for US$1.6 b…
Ivernia resumes lead shipments
Having established a safe shipping method, Ivernia (IVW-T), which owns the Magellan lead mine in Australia, is resu…
Rio Tinto enters strategic partnership with Chinalco
China’s largest aluminum producer will invest US$19.5 billion in Rio Tinto (RTP-N, RIO-L) through joint ventures an…
Japanese consortium finances Canada’s Uranium One
Uranium One (UUU-T) will raise C$270 million through a private placement with a Japanese consortium made up of Th…
Rio Tinto sells more assets, confirms talks with Chinalco
Rio Tinto (RTP-n, RIO-l) continues to hack away at its immense debt load with sales to Vale (RIO-n) of its undevelo…
New Lanfranchi Resource For Brilliant, Panoramic
VANCOUVER — A new estimate has boosted the nickel resource at the Lanfranchi mine in Western Australia for joint-venture partners Panoramic Resources (PANRF-O, PAN-A) and Brilliant Mining (BMC-V).
BHP Moves To Stanch The Bleeding
VANCOUVER–The world’s biggest mining company has joined the lengthy list of majors to close operations and trim payrolls in the face of sagging metal prices. BHP Billiton( BHP-N, BLT-L, BHP-A) is sus…
BHP suspends Ravensthorpe operations and cuts 6,000 jobs
Vancouver – The world’s biggest mining company has joined the now lengthy list of majors to close operations …
BacTech buys interest in PNG deposits
BacTech Mining (BM-V) is in the process of buying a 33% interest in two gold deposits in Papua New Guinea from Yama…
New resource for Brilliant at Lanfranchi
Vancouver – A new estimate has boosted the nickel resource at the Lanfranchi mine in Western Australia for joint ve…
Mirabela Adds To Santa Rita Resource
Mirabela Nickel (MNB-T, MBN-A) likes to describe its Santa Rita project in Brazil as the world’s largest greenfield nickel sulphide discovery in the last 12 years.