Anvil Rises On New Mining Contracts In DRC
VANCOUVER–The biggest copper producer in the Democratic Republic of the Congo (DRC) has finalized mining contract renegotiations for two of its three mining operations. After more than a year of disc…
Copper
El Nino Falls On Results From New DRC Project
VANCOUVER–The first full set of drill results from El Nino Ventures’ (ELN-V, ELNOF-O) Kasala copper discovery in the Democratic Republic of the Congo (DRC) left investors unimpressed: El Nino’s share…
Augusta Updates Rosemont Feasibility
An updated bankable feasibility study on the Rosemont copper-molybdenum project in Pima Cty., Ariz., has found that the proposed mine would have an after-tax net present value of 5%, or US$1.28 billio…
OSC Ruling Could Stymie HudBay-Lundin Deal
With one ruling from the Ontario Securities Commission (OSC), the futures of both HudBay Minerals (HBM-T, HBMFF-O) and Lundin Mining (LUN-T, LMC-N) have been drastically altered.
Hana Mining Hits Copper-Silver In Botswana
VANCOUVER–New results from the Ghanzi copper-silver project in Botswana show promising grades for owner Hana Mining (HMG-V).
Chilean Miner Buys Majority Stake In Explorator Chile
VANCOUVER — Explorator Resources (EXO-V, EXRAF-O) is selling a 51% stake in its Chilean subsidiary, Explorator Chile, to intermediate copper miner Sociedad Punta del Cobre (Pucobre) for a US$17-milli…
Vale Inco reaches agreement with province on Voisey’s Bay
Vale Inco has reached an agreement with the province of Newfoundland and Labrador to amend the Voisey’s Bay develop…
Freeport defends Phelps takeover after US$14B net-loss
Vancouver – Impairment and goodwill charges primarily related to Freeport-McMoRan Copper & Gold’s (FCX-N) acquisiti…
International Royalty comments on Voisey’s Bay concentrate shipments
International Royalty Corp. (IRC-T, ROY-x) says Vale Inco’s agreement to stop concentrate shipments from Voisey’s B…
China bails out struggling base-metals producers
China has been bailing out its struggling domestic smelters by stockpiling metals since December.
OSC ruling could stymie HudBay-Lundin merger
With one ruling from the Ontario Securities Commission (OSC), the future of both HudBay Minerals (HBM-T, HB…
Update: Chilean copper producer buys controlling stake in Explorator Chile
Vancouver – Explorator Resources (EXO-V) is selling a 51% stake in its Chilean subsidiary, Explorator Chile, to int…