Caterpillar Inc. (CAT-N), the world’s largest maker of construction and mining equipment, has agreed to buy Bucyrus International (BUCY-Q) in a deal worth US$8.6 billion (including debt) or US$7.6 billion in aggregate.
The TSX composite index fell 175.87 points or 1.4% to finish the Nov. 8-12 trading week at 12,749.24, while the Capped Metals & Mining index slid 48.02 points or 3.62% to close at 1,280.02. One hundred and forty-two companies reached new…
Avion Gold (AVR-V, AVGCF-O) has completed an initial resource estimate for the Vindaloo zone of its recently acquired Hounde gold property, about 250 km southwest of Burkina Faso’s capital, Ouagadougo…
A report in The New York Times that China is further restricting exports of rare earth elements (REE) starting from Oct. 19 plays into the hands of juniors exploring for the valuable minerals in Canad…
Vancouver — Eighty-three-year-old Callinan Mines (CAA-V) is dividing its royalty and exploration holdings into two entities.
SITE VISIT SUSQUES, JUJUY PROVINCE, ARGENTINA ARGENTINA — What once was overlooked as a clay basin is now set to become one of the largest lithium brine deposits in the world by 2014.Lithium Americas’ (LAC-T) flagship Cauchari project…
Drawing comparisons to similar types of uranium deposits in Australia and Namibia, Blue Sky Uranium (BSK-V) believes its new grassroots uranium find in Argentina’s Rio Negro province has the potential to be economically attractive at grades…
VANCOUVER — While Iron Creek Capital (IRN-V) may be a little rusty after a long time off, a new president and new capital is kick-starting progress for the Chilean explorer.Timothy Beale, with more than 20 years of experience working in…
Minera IRL (IRL-T, MIRL-X, MIRL-L) wants to become a mid-tier gold producer, and it’s looking to South America’s gold wealth to reach that goal.The company, which currently has a small operating open-pit gold mine in Peru, has a three-phase…
VANCOUVER — For years the Cerro Moro gold-silver project in Argentina’s Santa Cruz province played second-fiddle to Exeter Resource’s (XRC-T, XRA-X) sizable Caspiche gold project in Chile, but the project is now advancing quickly as the prime…
Wealth Minerals (WML-V) is kicking off an exploration program for rare earth elements (REE) in Argentina at Rodeo de los Molles, an undeveloped REE project that the company says is one of the largest in South America.Wealth Minerals is…
Barrick Gold (ABX-T, ABX-N) has completed nearly 90% of the detailed engineering and procurement work at its Pascua-Lama gold mine project and says it is on track to start production in the first quarter of 2013.The project, straddling the…
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