Ivanhoe, Rio clash over Oyu Tolgoi
VANCOUVER — When the asset in question is home to 81 billion lbs. copper and 46.4 million oz. gold and is expected to cost US$4.6 billion to develop, a bit of tension between its owners over financin…
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Thompson Creek to acquire Terrane
VANCOUVER– The Mt. Milligan gold-copper mine in British Columbia is a step closer to reality after Thompson Creek Metals (TCM-T, TC-N) struck a deal to acquire project owner Terrane Metals (TRX-V).
No more toll milling for Alexis (July 26, 2010)
Alexis Minerals (AMC-T) will save $12-$15 per tonne by processing ore from the Lac Herbin gold mine near Val d’Or, Que., at its recently refurbished Aurbel mill.
Colossus finds new zones at Serra Pelada
Nearly 25 years after Serra Pelada hosted the largest precious metals rush in Latin American history, the high-grade gold-platinum-palladium project in Brazil’s Para state continues to impress, yieldi…
Will China’s property policy curb metal demand?
While some analysts warn that the Chinese government’s attempts to clip property prices by 30% threatens the demand outlook for metals, underscoring the oversupply of steel and, as a consequence, vuln…
New Pacific pursues Tagish Lake
Shares of distressed junior Tagish Lake Gold (TLG-V) soared 50% to 6¢ apiece with 6.39 million shares changing hands on news that China-focused New Pacific Metals (NUX-V) intends to make a friend…
SGS opens lab in Guerrero, Mexico
SGS Minerals Services has opened a new sample preparation lab in Guerrero, Mexico, to help process the large volume of samples for its full service lab in Durango, Mexico.
Thompson Creek’s Mt. Milligan bet
Huge, low-grade mineral deposits sit on a razor’s edge, able to generate great profits when metals prices are strong but extremely vulnerable to cyclical downturns.
Steel, iron ore markets to rebound: UNCTAD
The steel and iron ore industries are forecasted to make a strong recovery in 2010 before leveling out, according to the Trust Fund Project on Iron Ore Information’s latest report.
Foraco International to control Russian driller
With the ink still drying on Foraco International’s (FAR-T) acquisition of Latin American driller Adviser Drilling, the Marseille, Francebased company has shifted its focus to Russia by snapping up a …
PEOPLE (July 26, 2010)
Asian Mineral Resources — Mark Arnesen and Fook Hoy Lai appointed directors.
SPOT PRICES (July 26, 2010)
COURTE SY OF SCOTIABANK