East Asia Minerals extends Miwah Main zone to the West
Drilling at the Miwah project in Indonesia’s Aceh province in northern Sumatra has extended gold mineralizatio…
News
Western Copper permit denial raises questions about Yukon’s permitting process
VANCOUVER–The Carmacks copper project in the Yukon looked primed for development, with owner Western Copper (WRN-T) awaiting just one permit. But now that permit has been denied, after the territoria…
TORONTO STOCK EXCHANGE -May 11-17
Growing concern that efforts to lower public sector deficits could impede global growth caused the world’s major stock markets to lose much of their mid-week gains during the May 11-17 trading period …
TSX VENTURE EXCHANGE -May 11-17
The May 11-17 period started off strong for the S&P/TSX Venture composite index, but two days of gains were easily erased by three days of losses that left the board down 57.91 points at 1,554.67….
U.S. MARKETS -May 11-17
U.S. equity markets took a bit of a beating in the May 11-17 reporting period with the Dow Jones industrial average index losing 1.14% or 122.43 points to close at 10,625.83 points, and the S&P 50…
Philippine Metals blazes trail on Luzon
You could say Philippine Metals (PHI-V) has Bre-X Minerals to thank for its good fortune.The chill in mining exploration that swept Southeast Asia in the aftermath of the Bre-X scandal shuttered the offices of many majors active in the…
New challenge for Chile’s ‘Copper Man’ (May 24, 2010)
SANTIAGO, CHILE — It was no surprise that they wanted him but few expected him to accept. Especially given the huge paycut he will have to take.On April 20, Chile’s state-owned copper giant Codelco announced that its board of directors had…
Buenaventura, Gold Fields make major gold discovery in Peru (May 24, 2010)
Just 18 months after drilling their first hole, joint-venture partners Minas Buenaventura (BVN-N) and Gold Fields (GFI-Q , GFI-J, GFI-D) have discovered a major gold-copper- silver deposit of 5.6 mill…
Chinese miners venture to Jamaica for bauxite/alumina
Chinese companies have been buying mineral assets or joint-venturing with resource companies wherever they can find them. The financial crisis only accelerated the trend as distressed companies looked…
Costa Rica’s new president extends moratorium on gold mining
Within hours of taking the helm of Costa Rica as president-elect on May 8, President Laura Chinchilla reportedly signed an extension of a moratorium on new gold mining projects that her predecessor, O…
Canadian coal juniors gear up in the US
Recently, five Canadian coal juniors have acquired coal properties in the United States or are ramping up development work there.
Taseko gets US$350M to finance Prosperity
VANCOUVER — Taseko Mines (TKO-T, TGB-X) has signed a gold-stream agreement with Franco- Nevada (FNV-T) that will help finance the development of the junior’s Prosperity gold-copper project near Willi…