News

Mining lease rejected for Reko Diq

London-based Antofagasta (ANTO-L, ANFGY-O) has confirmed that the government of Pakistan’s Balochistan province has rejected a mining lease application for the massive Reko Diq copper-gold project submitted by a subsidiary of its joint-venture…


Guyana is open for business

Guyana has issued its first large-scale mining licence in the gold sector since 1991–giving Guyana Goldfields (GUY-T) the permission it needs to build and operate its Aurora project.


Molycorp president and CEO Mark Smith at the Mountain Pass rare earth element mine in southeastern California. Photo by Trish Saywell.

Molycorp: 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 15 from Las Vegas to meet president and chief executive Mark Smith and tour the company’s Mountain Pass…


PwC: Exploration spending, costs soar

Exploration spending in the 12 months leading to June 30 increased 115% year-on-year, while total production costs have more than quintupled since 2006, rising more than 23% between 2010 and 2011, consulting firm PwC concludes in its annual…


People

Alcoa – Kelly Pasterick appointed director of investor relations, succeeding Roy Harvey, who was appointed CFO of Global Primary Products; William Oplinger appointed COO of Global Primary Products.



Silver Wheaton scores a triple with dividend boost

Silver Wheaton’s (SLW-T, SLW-N) shareholders have something to be happy about: The company has just tripled its dividend after doubling revenue and operating cash flow for the third quarter. 



Silver Standard slashes Pirquitas’ reserves

Silver Standard Resources (SSO-T, SSRI-Q) hopes it has put an end to lingering troubles at its Pirquitas silver mine in Argentina, with no further plant shutdowns or surprises. The latest surprise was a 52% reduction in the mine’s…



Workers cap a drill hole that encountered artesian conditions at Rodinia Lithium's Salar de Diablillos project in Salta province, Argentina. Photo by Rodinia Lithium

Rodinia shares jump on PEA findings

Shares of Rodinia Lithium (RM-V) surged 42% to close at 30.5¢ on Nov. 8 after the junior exploration and development company released results of a preliminary economic assessment (PEA) of its lithium brine project in northern Argentina’s…



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