Dow leaves miners behind
Denver — The Dow Jones industrial average bounded up 578.07 points, or 5.6%, during the report period ended Oct. 31, erasing losses from two weeks ago, though mining issues were mixed.Spot gold on th…
Anglo American plc
Falco has strong quarter Inco moves into the black
Higher metal prices and strong performances from its newest mines have propelled Falconbridge (FL-T) to a profitable first quarter.The company earned $109.5 million (or 60 per share) on revenue of $6…
Partners hit high-grade
Juniors Fort Knox Gold Resources (FNX-T) and Berland Resources (BNL-V) have discovered a new mineralized zone on the Watts River polymetallic property, about 50 km east of Snow Lake, Man.The partners …
Anglo launches program at Aripuna
A Brazilian subsidiary of Anglo American plans to spend US$850,000 on a first-phase exploration program at the Aripuna project, a joint venture with Karmin Exploration (KARM-C).Aripuna is viewed as An…
Anglo, Karmin ink Aripuana agreement
An agreement signed in mid-February will see properties held by Anglo American (AAUK-N) and Karmin Exploration (KARM-C) in the Aripuana area of Mato Grosso state, Brazil, combined into a single joint …
BASE METALS — Niobium projects jostle for potential market share — Teck, Cambior study expansion of Niobec mine in northwestern Quebec
Three developments in the niche niobium-mining industry could significantly boost world supplies of the metal in coming years.In Canada, equal partners Teck (TEK-T) and Cambior (CBJ-T) are preparing a…
Conference promotes ‘African renaissance’
Despite low commodity prices and the political turmoil engulfing many African states, the mood at this year’s Investing in African Mining conference (also known as Indaba) was guardedly optimistic, as…