Gold tops US$1,000 per oz.
The week ended March 15, the eleventh trading week of 2008, was capped by a powerful rally in gold prices stemming from the political and market tumult rippling out from world’s financial centre in Lo…
Iron Ore
Eldorado inks iron ore MOU with BHP Billiton
Vancouver – Eldorado Gold (ELD-T, EGO-X) has signed a preliminary agreement to sell future iron ore production from…
Eldorado boosts resources as Kisladag set to reopen
VANCOUVER — With gold reserves up and the court-ordered closure of its Kisladag mine over for now, Eldorado Gold (ELD-T, EGO-X) looks to be back on track.
Troy Resources posts $4.9M loss
Shutting down one Brazillian gold mine before starting up another left Troy Resources (TRY-T, TRY-A) with a net loss of A$5.4 million ($4.9 million) for the second half of 2007.
Study predicts robust economics at Mary River
It took four years and $170 million, but the definitive feasibility study on its 100%-owned Mary River direct- shipping iron ore project was well worth the wait, Baffinland Iron Mines (BIM-T, BIMGF-O)…
Robust economics for Baffinland’s Mary River project
It took four years and about C$170 million but the definitive feasibility study on its 100%-owned Mary River direct…
De Beers gets frostbite in Canada’s Arctic
The week ended Feb. 9, the sixth trading week of 2007, was punctuated by another setback for Canada’s emerging diamond mining industry, with De Beers taking a severe haircut at its new Snap Lake mine,…
Troy Resources posts expected loss of $4.9M
Shutting down one Brazillian gold mine before starting up another left Troy Resources (TRY-T, TRY-A) with a net los…
Baffinland reports iron ore assay results for Mary River
At 600 km north of the Arctic Circle, Baffinland Iron Mines’s (BIM-T) Mary River iron ore deposits are what preside…
The China factor
Beijing, China–China’s insatiable appetite for iron ore has been a major factor behind the recent enormous price increases and profits in the global iron ore industry.
Resource security high on China’s agenda
As the world’s largest consumer of mineral raw materials, it’s no surprise that China’s mining companies are following their international peers and starting to hunt for resources overseas.
Rio plans to spend as suitors circle
Rio Tinto (RTP-N, RIO-L) plans to get stronger and thwart BHP Billitons (BHP-N, BLT-L) hostile takeover the old-fa…