2012

Avala unveils maiden resource in Serbian goldfields

VANCOUVER — Canadian explorer Avala Resources (AVZ-V) is making strides towards establishing a multi-million ounce, near-surface gold deposit in the historic mining region of Timok in eastern Serbia — a Balkan country formerly part…



Lupaka and Andean propose merger

Board members at both Lupaka Gold Corp. (LPK-T) and Andean American Gold Corp. (AAG-V) are unanimously backing a proposed merger of the two companies that would create a Peru-focused gold explorer and developer with combined resources of 2.1…


Brazilian magazine calms fears

One week after Reuters reported — quoting anonymous high-level Brazilian government and mining industry officials — that Brazil was considering canceling mineral rights that the government deems strategic such as phosphate, potash…



Global Minerals seeks silver in historic Slovakian mine

VANCOUVER — A common tale amongst grand old communist regions is the historic state-run mine that now lies in disrepair following the blossoming of democratization and liberalization in parts of Eastern Europe. International explorers…


Oil Can resource lifts Champion Minerals

Champion Minerals (CHM-T) is trading higher on news that its 100%-owned Oil Can iron-ore deposit, six km north of its flagship Fire Lake North project in the southern end of the Labrador Trough, contains nearly one billion tonnes of…



Chalco and Ivanhoe extend SouthGobi deal deadline

VANCOUVER — The Aluminum Corporation of China (Chalco) and Ivanhoe Mines (IVN-T, IVN-N) have agreed to wait a month before Chalco make its official offer to buy Ivanhoe’s stake in SouthGobi Resources (SGQ-T) as doubts remain as to…


Glencore, Xstrata face investor activism

VANCOUVER — A deal that could be viewed as the flagship transaction in natural resource mergers and acquisitions is facing heavy criticism from a group of activist investors, as prominent shareholders of mega-miner Xstrata PLC (XTA-L)…


Virginia and Altius strike strategic alliance

Shares of Virginia Mines (VGQ-T) closed 12¢ or 1.3% higher at $9.13 apiece while Altius Minerals (ALS-T) climbed 9¢ or 0.9% to $10.73 on news the two companies had struck a strategic alliance to cooperate on exploration for base and…



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