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…
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…
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 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…
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…
Recently, five Canadian coal juniors have acquired coal properties in the United States or are ramping up development work there.
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…
Alcoa — Meg McDonald resigned as Alcoa Foundation president; Paula Davis appointed Alcoa Foundation president.
Papua New Guinea-focused Lihir Gold (LGG-T, LGL-A, LIHR-Q) has agreed to be acquired by Newcrest Mining (NCM-A), which has projects in Australia, in a deal that values the former at A$9.5 billion.
COURTESY OF SCOTIABANK
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 18, 2010 (change from May 11 in brackets):
VANCOUVER — Llama Lake started 2010 as a low-priority exploration target for Sabina Gold & Silver (SBB-T) but has now become the prime focus of drilling after the company pulled high-grade gold i…
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