Gold, oil hit record highs
More records were set for commodity prices during the week ended Feb. 23, the eighth trading period of 2008, as both oil and gold prices rose to new, all-time nominal highs as the U.S. dollar suffered…
Rio Tinto plc
Hecla buys Rio’s stake in Greens Creek
Hecla Mining (HL-N) has struck a US$750-million deal to buy out its majority partner Rio Tinto (RTP-N, RIO-L) at their co-owned Greens Creek underground silver mine near Juneau, in Alaska’s panhandle.
Mining execs converge at South Africa’s Indaba
CAPE TOWN, SOUTH AFRICA — The keynote session at the recent Mining Indaba conference in Cape Town, South Africa, saw leaders from many of the world’s largest mining houses step to the podium to discu…
Platinum cracks US$2,000-per-oz barrier
A meteoric rise in platinum prices grabbed the mining sector’s attention during the week ended Feb. 16, the seventh trading week of 2008.
Barrick buys rest of Cortez from Rio Tinto for US$1.7B
One of the best gold assets in the world is now solely in the hands of the world’s biggest gold miner.Barrick G…
Bannerman updates uranium resource at Goanikontes
A new National Instrument 43-101 resource estimate for the Goanikontes Anomaly A uranium deposit in Namibia brings good tidings for Australian junior Bannerman Resources (BAN-T, BMN-A).
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,…
New Nadina’s RIP kimberlite sparkles
More results from New Nadina Explorations’ (NNA-V, NNADF-O) RIP kimberlite, in the Northwest Territories, is proving that the pipe is anything but dead in terms of diamond potential.
Hecla buys Rio Tinto’s Greens Creek stake
Hecla Mining (HL-N) has struck a US$750-million deal to buy out its majority partner Rio Tinto (RTP-N) at their co-…
BHP formalizes bid for Rio Tinto
After months of speculation, BHP Billiton (BHP-N, BLT-L, BHP-A) has finally made a formal bid for Rio Tinto (RTP-N,…
Coro forges ahead in Argentina, Chile
SITE VISIT Uspallata, Argentina — Coro Mining (COP-T) is a company on a mission. The junior explorer debuted on the market in mid-2007 and plans to be a mid-tier base…
Pan African aims to prove up Madagascar gold
Pan African Mining (PAF-V, PAFRF-O) is doing its part to build on the mining momentum taking hold of Madagascar.