Planetary Resources’ plan to mine asteroids
A start-up company with high-profile supporters has set out to boldly go where no miner has gone before — to extract the resource riches of outer space.
News
Correction
The article “Augusta moves Rosemont forward” (TNM, April 23–29/12) incorrectly stated that Goldman Sachs owns 9.28% of Augusta. In fact, Goodman and Company owns 9% of the company.
China’s investment in smart grids to benefit copper, aluminum
China plans to increase investment in its power sector by 88% under its 2011–2015 plan, and a significant amount of that will be directed towards smart-grid technology, London-based Barclays analyst Gayle Berry writes in a recent research…
Xstrata Coal seeks buyer for Donkin stake
Joining a growing list of mining companies that are reassessing their business strategies and core assets, Xstrata Coal, a subsidiary of diversified miner Xstrata (XTA-L, XSRAF-O), says it is looking to sell its 75% stake in the Donkin coal…
Agnico-Eagle gets the shine back
Once a company achieves upper-mid-tier status, as Agnico-Eagle Mines (AEM-T) has, it is faced with a different set of problems.
UPDATED: Fission grows in the Athabasca
With grades over 10 times the world average, the Athabasca basin is home to some of the most economic uranium deposits in the world and one junior is looking to lock up a significant amount of that prospectiveness for itself.
Nunavut explorers off to good start for 2012
VANCOUVER — Nunavut has been a tough place for gold companies of late, what with Newmont Mining (NMC-T, NEM-N) shelving its Hope Bay project and Agnico-Eagle Mines (AEM-T, AEM-N) being forced to cut years off its Meadowbank mine in the…
Gold Standard strikes again at Railroad
VANCOUVER — It looks like Gold Standard Ventures (GV-V) has done it again. The company’s shares jumped 51% or 91¢ on April 26 following the release of new results from the North Bullion zone at its Railroad gold property…
PotashCorp’s Q1 misses the mark
Potash Corp. of Saskatchewan (POT-T, POT-N) reported lower first quarter profits on the back of reduced potash sales and production volumes, revising its 2012 earnings guidance.
VMS Ventures looking to repeat Reed success
VANCOUVER — Manitoba’s Flin Flon greenstone belt has been yielding high-grade copper and zinc from its volcanogenic massive sulphide ore bodies for almost 85 years, but VMS Ventures (VMS-V) thinks there’s lots of…
Coeur d’Alene gets a handle on Kensington
Opening up a new mine is seldom an even process.
Lifton describes copper as the “nerves of civilization”
In a keynote address at Byron Capital Markets’ third annual conference on electric metals in Toronto last week, Jack Lifton warned that the prospect of copper shortages should be of far greater concern than of electric metals such as rare…