Mongolian gov’t looks to end dispute with miners
VANCOUVER — Reports have surfaced that discussions within the Mongolian parliament may end a stalemate between the central government and international mining companies active in the country.
Copper
Nevsun’s coffers swell as it shifts Bisha to copper
VANCOUVER — In its first full quarter operating Bisha as a copper mine, owner Nevsun Resources (TSX: NSU; NYSE-MKT: NSU) encountered some commissioning challenges, like higher-than-expected grades and a trucking bottleneck that filled the…
Fortune to buy Revenue mine in Colorado
Fortune Minerals (TSX: FT; US-OTC: FTMDF) is buying 100% of the Revenue polymetallic mine in southwestern Colorado in a staged transaction, putting it a step closer to becoming a junior producer.
[Update] Two drillers dead at First Nickel’s Lockerby mine
At First Nickel’s (TSX:FNI) underground Lockerby nickel-copper mine southwest of Sudbury, Ont., seismic activity that apparently preceded a fall in ground claimed the lives of two contract drillers: Marc Methe, 34, and Norm Bissaillon, 49.
Barrick’s Peter Munk defends successor John Thornton
During his farewell speech to shareholders at the company’s annual meeting on April 30, Barrick Gold’s (TSX: ABX; NYSE: ABX) founder and departing chairman Peter Munk said John Thornton is the “right guy” to…
Hudbay’s Manitoba business going strong and growing
Hudbay Minerals (TSX: HBM: NYSE: HBM) swung to a net loss in the first quarter of $27.2 million, or 15¢ per share, compared to a profit of $1.9 million, or 1¢ per share, in the first quarter of 2013, mainly due to a temporary…
Hudbay extends hostile bid for Augusta, mulls Rosemont delay
Hudbay Minerals (TSX: HBM; NYSE: HBM) is extending its hostile takeover offer for Augusta Resource (TSX: AZC; NYSE-MKT: AZC) to May 16 from May 5, and says it’s digesting news of permitting delays at Augusta’s…
TSX moves up, April 21-25
Canada’s benchmark index gained during the week despite rising tensions in Ukraine, with the S&P/TSX Composite Index moving up 33 points to 14,533.57.
Royal Nickel buys 25% of Sudbury Platinum for $1.5M
Toronto-based explorer Royal Nickel (TSX: RNX; US-OTC: RNKLF) has seen its shares climb more than 50% since April, when it gave an upbeat outlook on nickel prices and announced acquiring a minority interest in a private company that’s…
Trafigura gives Mawson the money to build Kapulo copper mine in DRC
VANCOUVER — An offtake agreement with a US$50-million prepayment has given Mawson West (TSX: MWE; US-OTC: MWSWF) the funds it needs to finish building its Kapulo copper–silver mine in the Democratic Republic of the Congo.
Nautilus settles dispute with PNG government
VANCOUVER — Shares of Nautilus Minerals (TSX: NUS; US-OTC: NUSMF) have been on the rise following an agreement with the Papua New Guinean (PNG) government that allows for the mining of the company’s Solwara 1 undersea…
Nautilus settles dispute with PNG government
VANCOUVER — Shares of explorer Nautilus Minerals (TSX: NUS; US-OTC: NUSMF) were on the rise following an agreement with the Papua New Guinean (PNG) government that could set the development stage at the company’s Solwara 1…