Disappointing Q2 for First Quantum
Record rainfall, higher costs and a fall in net sales sent First Quantum Minerals (FM-T, GQVLF-O) second-quarter profits tumbling to US$123.1 million (US$1.83 per share), down 18% from the correspondi…
Africa
Editorial: Rotten week for miners
Bad news converged on the mining community from every direction during the week ended Aug. 18, the 33rd trading week of 2007.
Luiri Gold shows lustre in Zambia (August 27, 2007)
Just a little more than two months after completing a 4,200-metre drilling program at its Dunrobin and Matala gold deposits in Zambia, Luiri Gold (LGL-V) released new mineral resource estimates showin…
Sherritt International completes major debt financing for Madagascar project
A US$2.1 billion debt financing deal has just brought Sherritt International (S-T) one step closer to mining nickel…
Sunridge shares ride Asmara results
Drill results from the Asmara project in Eritrea gave Sunridge Gold (SGC-V) a rest from the recent drubbing commodi…
Cashed-up Continental Nickel drills Tanzanian property
Newly listed Continental Nickel (CNI-V) has started drilling at its 70%-owned Nachingwea nickel sulphide project, i…
El Nino Ventures plans to start drilling in the DRC in mid-September
Jean Luc Roy knows a thing or two about fast-tracking projects in Africa. The president of El Nino Ventures (ELN-V,…
Goldrush hits gold in Burkina Faso
Vancouver — Goldrush Resources (GOD-V, GDRRF-O) is finding gold at its Ronguen project, in Burkina Faso.
Russians released in Nigeria (August 20, 2007)
Six Russian nationals were released in mid-August after being abducted from a company compound in southeastern Nigeria more than two months ago.
Nampala up to 760,000 oz. gold
Now that Robex Resources (RBX-V, RSRBF-O) has an official inferred resource for its Nampala gold deposit in southern Mali, it’s looking at where to drill next to bump those numbers into the indicated …
Golden Star backs up Bogosu power (August 10, 2007)
Golden Star Resources (GSC-T, GSS-X) has contracted for a 20-megawatt power station to be built at its Bogosu-Prest…
Katanga fears CAMEC’s motive for special meeting (August 09, 2007)
Takeover target Katanga Mining (KAT-T, KATFF-O) says Central African Mining and Exploration Company (CAMEC) (CEAMF-…