Ursa Major Minerals hits milestones
Since resuming mining a year ago from the West pit at its Shakespeare nickel-copper-PGM mine, which was closed in 2008 due to weak metal prices, Ursa Major Minerals (UMJ-T) has regained its momentum.
Copper
Mercator to buy Creston Moly for $195 million
Vancouver – Mercator Minerals (ML-T) has entered an agreement to buy Creston Moly (CMS-V) in a friendly merger with significant potential for synergies that values Creston at $195 million.
Beaty closes in on 10/10
Vancouver – Of the 10 copper projects acquired by Ross Beaty’s Lumina Copper (lcc-v) in 2003 near the end of a five-year downturn for the resource sector and a dramatic fall in metal prices, it has kept just one, Taca Taca, in Argentina. The…
Peregrine Metals attracts attention
With the war for talent heating up in the mining industry it was something of a coup for junior Peregrine Metals (PGM-T) to snag as its new president Richard Leclerc — a seasoned mining veteran who over the course of his 29-year career has…
Dorato looks to prove up Peru’s side of the border
Dorato Resources (DRI-V) has been getting some promising sniffs near the border between Ecuador and Peru. The company released its latest sampling results from Minera Afrodita, hot on the heels of drill results from a separate target on the…
Western Copper releases updated Casino study
Vancouver – Western Copper (WRN-T, WRN-X) has released an updated prefeasibility study for its sizable but remote polymetallic Casino project in the Yukon, three years and a commodity-price rollercoaster after the first.
Nevada Copper making progress at Pumpkin
Vancouver – Nevada Copper (NCU-T) continues to steadily advance its sizable Pumpkin Hollow copper project with an updated resource and more permits secured.
Kipoi nears production
Tiger Resources (TGS-T, TGS-A) says commercial production will begin in April at its Kipoi copper project in the Democratic Republic of the Congo.
Mediterranean shareholders force management shake-up
Dissident shareholders of Turkey-focused gold explorer Mediterranean Resources (MNR-T) appear to have forced the resignation of the company’s president and CEO, Peter Guest, aged 73. Newly appointed director Christopher Ecclestone of New York…
Zambian smelting shortfall a concern, Lundin says
When Phil Wright recently lashed out against Equinox Minerals’ (EQN-T, EQN-A) hostile takeover bid for Lundin Mining (LUN-T) in a conference call, the chief executive cited the shortage of Zambian smelting capacity as yet another project risk…
Tirex roars to life on Albanian mining deal (April 04, 2011)
Tirex Resources (TXX-V) has taken a big step towards production at its Mirdita volcanogenic massive sulphide project in Albania after signing a memorandum of understanding with a private Turkish firm to finance development in exchange for a…
HudBay and VMS find high grade copper in Manitoba
HudBay Minerals (HBM-T, HBM-N) and VMS Ventures (VMS-V) have a high grade copper project on their hands right in the safe confines of Manitoba. The companies released a resource estimate at the Reed Lake polymetallic deposit near Snow Lake that…