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A vessel at Nautilus Minerals' Solwara 1 copper-gold project in the Bismarck Sea. Photo by Nautilus Minerals

Nautilus secures deep-sea mining lease (February 07, 2011)

A pioneering deep-sea mining operation is a big step closer to reality after the Papua New Guinea (PNG) government granted a mining lease to Nautilus Minerals (NUS-T, NUS-L) for its Solwara 1 copper-gold project in the Bismarck Sea.


Gillian Kearvell, Newstrike Capital's vice-president of exploration, with colleagues at the Ana Paula gold project. Photo by Newstrike Capital

Newstrike cuts long gold hit in Mexico

Vancouver – The first set of drill results from Newstrike Capital’s (NES-V) exploration and twinning program on its Ana Paula gold project in southern Mexico returned several significant gold intercepts including a long stand-out.


Paramount expands San Francisco

The final assays results from the remaining 28 holes completed during the 2010 drill program on Paramount Gold and Silver’s (PZG-T, PZG-X) San Miguel project in Mexico continue to confirm the potential for near-surface, bulk-tonnage…


Marco Navarro, safety and ecology superintendent, on the suspension bridge at Primero Mining's San Dimas gold-silver mine in Mexico. Photo by Primero Mining.

Joe Conway’s Primero has big plans for San Dimas

Before he stepped down a year ago as president and chief executive of Iamgold (IMG-T, IAG-N), Joseph Conway successfully transformed the company from a $50-million joint-venture player to a $6-billion leading intermediate gold producer. Now the…


Roundup: We need more discoveries

This year’s Mineral Exploration Roundup attracted 7,000 delegates from around the world, a new record for the annual conference hosted by the Association for Mineral Exploration British Columbia (AME BC). But in keeping with the theme,…


Alpha, Massey to hook up

The proposed merger of Alpha Natural Resources (ANR-N) and Massey Energy (MEE-N) announced Jan. 29 will create a top-three global metallurgical coal producer in a transaction that will be cash flow accretive in the first full year of operation…


Roundup: Commodities outlook

The final technical session at the Mineral Exploration Roundup hosted by the Association for Mineral Exploration British Columbia (AME BC) looked at the potential of thermal coal, uranium, vanadium, molybdenum, copper and, of course, gold.


Drillers take a break at the Ashram rare-earth zone at Commerce Resources' Eldor project in northern Quebec. Photo by Commerce Resources

Commerce gets more rare-earth assays

Assays for the final five holes from Commerce Resources’ (cce-v, cmrzf-o) 2010 drill program at its Ashram rare-earth zone on its Eldor project in northern Quebec bring the junior one step closer to completing a National Instrument 43-101…


Editorial: Coal gets respect

As if anyone needed more confirmation that coal has come back in a big way, the fourth week of January served up the biggest merger in U.S. coal mining history.


Worldwide nonferrous exploration budgets by region, 2010 (more than 2,200 companies' budgets, totaling US$11.5 billion). (Note: The annual budget totals for Canada, Australia, and the United States are typically much larger than those of most other countries; as a result, MEG treats these countries as individual regions in its CES studies.) Photo by Metals Economics Group

Canada keeps no. 2 spot for 2010 exploration

The following was released by the Metals Economics Group (MEG), based on its Corporate Exploration Strategies study which examines global exploration budgets. For more information visit: www.metalseconomics.com.




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