News

Vancouver — Soaring molybdenum prices have induced Amerigo Resources (ARG-T) to add facilities to recover the metal at its Minera Valle Central plant, near Santiago, Chile.

Fortune Minerals (FT-T) has received an updated resource estimate for its Lost Fox coal deposit, 150 km northeast of Stewart, B.C.

A partnership between the federal government and Memorial University in St. John’s, Nfld., is designed to strengthen research capacity in Atlantic Canada.

Richard Ross, president and CEO of Inmet Mining, has been named chairman of the Mining Association of Canada.

Gold’s price move above the key US$400-per-oz. level fuelled investor interest on the TSX Venture Exchange over the shortened trading period of June 23-28. However, the exchange closed virtually unchanged over the period, posting a mere 4-point ga…

With no assurance its operating licence will be renewed, Metallica Resources (MR-T) has suspended construction of the Cerro San Pedro heap-leach gold-silver mine in Mexico.

Vancouver — Diamond Fields International (DFI-T) has begun mining diamonds off the southern coast of Namibia, near Luderitz.

Randgold Resources (GOLD-Q) has sold its 80% stake in the dormant Syama gold mine in southern Mali to Resolute Mining of Australia. In return, Resolute paid Randgold US$6 million in cash and has assumed mine-r…

North American Mining: 102.14 (-0.90)…

Afcan Mining (AFK-T) is encouraged by drill results from its Tanjianshan gold project in west- central China.

Vancouver — The dormant heap-leach pads at Vista Gold‘s (VGZ-T) Hycroft mine in Nevada still contain about 600,000 oz. gold, and Pintail Environmental Solutions intends to extract some of it using microbes.

BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)…