Seven years in the malaria-infested rainforests of Papua New Guinea and six years in Canada’s Arctic led Buddy Doyle and his exploration teams at Rio Tinto (RIO-N, RIO-L) to the two biggest discoveries of his career: the 30-million-oz. Minifie…
For the past six and a half years, our company has been engaged in intensive mineral exploration in what many consider to be one of the less fashionable addresses on earth: the Democratic Republic of the Congo (DRC).
Richfield Ventures (RVC-V) has capped an impressive rise by agreeing to be snapped up by New Gold (NGT-T, NGD-X) in an all-share deal that values the junior at $550 million.
Toronto Stock Exchange With no escalation of violence in the Middle East and North Africa, a more settled March 28-April 1 period saw the TSX composite index climb 138 points…
Tuesday, Apr. 5, 2011
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Apr. 4, 2011 (change from Mar. 28 in brackets):
Shares of Equinox Minerals (EQN-T, EQN-A) surged 31.5% or $1.80 per share to $7.51 on news that Minmetals Resources intends to launch a $6.3-billion bid for the company – one of the largest proposed mining deals in China’s history.
Eleven of the 81 provinces in the Philippines have either imposed moratoriums on open-pit mining projects or on the mining of specific minerals, and a twelfth is set to soon join the list, according to Allan & Associates, a security risk…
After an armed robbery on March 20 at its Morelos gold project in Mexico’s Guerrero state, Torex Gold Resources (TXG-T) is turning to the local government and police to help secure the area and enable the company to continue exploration….
In what looks to be one of the major themes in mining this year, mergers and acquisitions again took centre stage in early April.
The Zimbabwe government has announced it is going ahead with its indigenization law, and foreign mining firms now have until Sept. 25 to sell a majority stake of their projects in the country to qualified locals.
Antimony: Mid-mkt US$15,950/t
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