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Volume 98 Number 30 Sep 10 - 16, 2012
Reservoir, Freeport hit high-grade copper at Timok
Vancouver-based explorer Reservoir Minerals (RMC-V) is seeing its 2012 exploration program at its Timok copper-gold property in Eastern Serbia pay off in a big way, and major producer Freeport-McMoRan Copper & Gold (FCX-N) has taken notice….
Eldorado proves its mettle in China’s goldfields
With three gold operations in China, Vancouver-based producer Eldorado Gold (ELD-T, EGO-N) has established a strong track record in a mining jurisdiction that offers a variety of challenges for international developers. Eldorado expects its…
Prophecy Coal looks to satisfy Mongolia’s power needs
With the Mongolian economy growing at one of the fastest rates in the world, and China eyeing its neighbour as a potential long-term power source, Vancouver-based Prophecy Coal (PCY-T) is optimistic about its prospects for a power-purchase…
Medusa expands, hunts for more gold
Medusa Mining’s (MML-L) vein system at its Co-O underground gold mine in the Philippines — which remains open at depth, in all directions — produced 15,557 oz. gold in the quarter ended June 30 at cash costs of US$283 per oz….
Newcrest reopens Lihir, outlines Golpu potential
Newcrest Mining (NM-T) has reopened its Lihir gold mine in Papua New Guinea (PNG) after briefly suspending operations, just as it outlines the potential of Golpu, another major PNG project.On Aug. 28 the gold miner — Australia’s…
Mindoro gets the grade
It’s been a busy summer in the corporate offices of Mindoro Resources (MIO-V), and now the company has stellar results from the field to throw into the mix.While the past few months have been more about private placements and…
Continental Gold can get digging at Buritica in Colombia
Continental Gold (CNL-T) has the green light to start underground development at its Buritica project in Colombia.The company has had its environmental-impact assessment (EIA) approved, but it needs modifications to the EIA before it can…
Dynacor hits record production at Peru mill
Dynacor Gold Mines’ (DNG-T) share price jumped after the company announced it had produced the most gold in a month yet at its mill in Peru.
Twangiza starts commercial production
Three years ago the area around Banro’s (BAA-T, BAA-N) Twangiza gold deposit in the Democratic Republic of the Congo had no passable roads, power, workable infrastructure or skilled mining labour. Today, the Twangiza oxide mine near the…
New Carolin looks to reopen old Carolin mine
The Vancouver area is well known as a hub for mining expertise and head offices, but much less so as a suitable location for an active field office. But for New Carolin Gold (LAD-V) — with its eponymous Carolin mine project sitting 160 km…