Legacy looks to make history
K+S plans to go ahead with building its Legacy project in Saskatchewan’s highly prospective potash basin, with initial production expected in 2015.
News
Gold mostly to blame for India’s current account deficit
A massive appetite for gold across India is causing the country’s current account deficit to widen as most of the South Asian nation’s gold demand is met through imports, a new study by Macquaire Economics Research says.
Keegan shares oversold, Canaccord says
Shares of Keegan Resources (KGN-T, KGN-X) are undervalued even when taking into account new tax changes proposed in Ghana, Canaccord Genuity mining analyst Nicholas Campbell argues in a research note to clients, adding that he believes the…
Newmont suspends construction of Conga
Newmont Mining (NMC-T, NEM-N) has indefinitely halted construction activities in agreement with the government of Peru at its 51.35%-owned Conga gold-copper project in the northern region of Cajamarca following weeks of protests over the…
PEA sets out $7.7bn NPV for Orbite’s alumina project
Vancouver – Orbite Aluminae (ORT-T) has released some hard numbers as to the potential of its patented aluminum-extraction process and corresponding project that it promises will transform the industry.
BHP may sell its diamond assets
BHP Billiton (bhp-n, blt-l) is considering leaving its diamonds business as it may no longer fit its modus operandi of boasting “large, long-life, upstream and expandable assets.”
Bayfield hits high grades
Bayfield Ventures (BYV-V) released some impressive results from its Burns Block property in the Rainy River district of north-western Ontario.
Molycorp delivers on magnet-making jv
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…
Pretium boosts Brucejack resource to 31M oz. gold, 333M oz. silver
Vancouver – Pretium Resources (PVG-T) has boosted gold and silver resources at its flagship Brucejack project in northwestern British Columbia by as much as 460% following a 72,000-metre drill program this summer.
Talon gains on new Trairao resource
Talon Metals (tlo-t) got a much needed boost with an initial resource on three target areas at its Trairao iron project in Brazil’s Para state.
Molycorp’s Mountain Pass: A made-in-America solution
In late October Molycorp (MCP-N) bused journalists from Fortune, Wired, Mother Jones and The Northern Miner, among others, down Interstate Highway 15 from Las Vegas to meet president and chief executive Mark Smith and tour the company’s…
Buchans Minerals revives historic mine
The old Buchans mine headframe still stands tall at the end of Main Street in this small Newfoundland town. The structure is a constant reminder for the 750 or so residents that the town’s history is inextricably linked to mining.