ICSG forecasts copper surplus in 2015
After five years in a row of deficits, the copper market should show a production surplus in 2015, according to The International Copper Study Group.
Copper
Lonmin doubles down on Wallbridge JVs in Sudbury
VANCOUVER — U.K.-based platinum group metals (PGM) outfit Lonmin (LSE: LMI; US-OTC: LNMIY) remains bullish on the Sudbury basin and its expansive joint venture with junior Wallbridge Mining (TSX: WM; US-OTC: WLBMF). On Sept. 20…
Ivanhoe says most locals support Platreef
Should Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) cranks out its estimated 785,000 oz. platinum, palladium, rhodium and gold from the Platreef project in South Africa, the underground operation 280 km northeast of Johannesburg would be…
Chilean court suspends El Morro project, again
Goldcorp (TSX: G; NYSE: GG) and New Gold (TSX: NGD; NYSE-MKT: NGD) are having an unlucky streak at their El Morro gold-copper project in northern Chile, where local officials have temporarily suspended development for the third time in three…
Balmoral expands Grasset nickel-copper-PGM discovery
Balmoral Resources (TSX: BAR; US-OTC: BALMF) has more than doubled the strike length and depth of the high-grade Horizon 3 zone at its Grasset nickel-copper-platinum group metals (PGM) project in Quebec. Grasset is about 200 km north of…
East Africa Metals defines Adyabo in Ethiopia
Pleased with results from recent drilling at its Adyabo gold-copper project in Ethiopia, Canaco Resources spinoff East Africa Metals (TSXV: EAM; US-OTC: EFRMF) is starting a 6,000-metre diamond-drilling program to define several mineralized…
Iamgold sells Niobec mine to ex-CEO of Barrick
Former Barrick Gold (TSX: ABX; NYSE: ABX) CEO Aaron Regent is back in action.
Lundin to buy Candelaria from Freeport
VANCOUVER — Rumours had been swirling for months over Lundin Mining’s (TSX: LUN; US-OTC: LUNCF) eyeing of Freeport-McMoRan’s (NYSE: FCX) 80% stake in the Candelaria copper-mining complex in Chile’s Atacama province, and…
Commentary: Plan Nord+ – Fresh breezes from the Belle Province
Having just recently attended the Precious Metals Summit in Beaver Creek, Colo., and the Denver Gold Show, I was pleased to see that even with dampened enthusiasm on the show floors due to the downward-trending price of gold, there was plenty…
TSX declines, Sept. 22-26
The S&P/TSX Composite Index lost 238.58 points during the trading week to end at 15,026.77. The S&P/TSX Global Gold Index stayed relatively flat at 170.72 points, while the spot price for gold added US$3.20 per oz. to US$1,219.40. The…
Hudbay opens two mines
Hudbay Minerals’ Lalor and Reed mines officially opened on Sept. 16 in Manitoba.
Precipitate Gold team talks discovery at Ginger Ridge
VANCOUVER — It took junior Precipitate Gold (TSXV: PRG; US-OTC: PREIF) two years of socio-political wrangling to get its drills turning, but only a fraction of that time to make a discovery at its 125 sq. km Juan de Herrera…