Copper

Rosemont will cost more, Augusta says

Shares of Augusta Resource Corp. (AZC-T) closed 7.8% lower at $1.66 per share following the release of an updated feasibility study that estimates higher capital and operating costs for its Rosemont copper project near Tucson, Arizona.


Papua New Guinea scaring off miners

Aldridge Minerals (AGM-V) has added its name to a growing list of mining companies leaving or looking to leave Papua New Guinea (PNG).The company will abandon its Kili Teke gold-copper property in the country now that its licence renewal…


Search for sunken treasure intensifying

VANCOUVER — With big mineral deposits becoming harder to find and even harder to put into production thanks to social and political hurdles, a small but growing group of companies are looking to the sea floor as their next source of…




NovaCopper hits the ground running in Alaska

VANCOUVER — Newly-minted NovaCopper (NCQ-T, NCQ-X) has grand ambitions for its Upper Kobuk project in Alaska’s prolific Ambler mining district, and the company is off to a quick start with a US$16.5-million exploration program and…


Augusta boosts resource at Rosemont

Shares of Augusta Resource Corp. (AZC-T, AZC-N) rose 14.6% or 24¢ to $1.88 after the company released an updated resource estimate for its Rosemont copper project in Arizona. The company expects to issue a project update early next week on…



Baja slides another 21% as it looks for funds

The clock is ticking for Baja Mining (BAJ-T) as it approaches its August deadline to raise additional funds for the Boleo copper-cobalt-zinc project in Mexico to cover the project’s cost overruns so it continue accessing its loans.


NovaGold attempts to de-risk high-cost Donlin project

VANCOUVER — NovaGold Resources (NG-T, NG-X) bounced off 52-week lows after announcing it had achieved a number of milestones on the road to developing its Donlin gold project northeast of Anchorage, Alaska. Donlin is one of the largest…


Cobriza hits new porphyry in Peru

The latest drill results from Cobriza Metals (CZA-T) Arikepay project in Peru have the company confident it has made a new porphyry discovery.


The exploration crew at WCB Resources' Misima Island copper-gold project in Papua New Guinea. Photo by WCB Resources

WCB hunts gold, copper on PNG’s Misima Island

When  Xstrata (XTA-L) put its share of the  US$5.3-billion Frieda River copper project in Papua New Guinea on the market in late June, there were a few raised eyebrows at the state of affairs in the country — especially given…


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