Japanese consortium finances Canada’s Uranium One
Uranium One (UUU-T) will raise C$270 million through a private placement with a Japanese consortium made up of Th…
Asia
Rio Tinto Woos Chinese
The week ended Jan. 31, the fourth trading week of 2009, was rife with speculation over Rio Tinto’s future, and just what the debt-crippled giant might hand over to its deep-pocketed 9% shareholder, s…
Rio Tinto sells more assets, confirms talks with Chinalco
Rio Tinto (RTP-n, RIO-l) continues to hack away at its immense debt load with sales to Vale (RIO-n) of its undevelo…
China bails out struggling base-metals producers
China has been bailing out its struggling domestic smelters by stockpiling metals since December.
Positive Feasibility For Western Prospector
Despite considerable cost increases, the economics are still profitable for Western Prospector Group’s (WNP-V, WEPGF-O) Gurvanbulag uranium deposit in eastern Mongolia, according to a definitive feasi…
Eldorado Gold aims for 400K oz. gold production in 2010
Vancouver – Although its year end numbers and production forecasts suggest Eldorado Gold (ELD-T, EGO-X) is ca…
Commentary: Commodity Prices To Bottom In 2009: Banks
While TD Bank sees the commodities market starting to rebound in the second half of 2009, followed by more pronounced price increases in 2010, the World Bank believes that, over the long term, commodi…
Monument Loses $10M Credit Line
VANCOUVER — Two lenders have backed out of a $10-million credit facility earlier promised to Monument Mining (MMY-V, MMTMF-O). But despite the loss of funds, the company says construction of its Seli…
SouthGobi Sells Metal Projects To Ivanhoe
VANCOUVER–For $3 million, Ivanhoe Mines (IVN-T, IVN-N) is buying all the metal assets of its 79%-owned spinoff SouthGobi Energy Resources (SGQ-V, SGQRF-O), as well as extending it a $30-million line …
Positive economics for Western Prospector in Mongolia
Despite cost increases the economics are still profitable for Western Prospector’s (WNP-V) Gurvanbulag deposit in…
Anatolia arranges US$62.5M loan
Vancouver – UniCredit Group, a major European bank, approved a US$62.5 million debt facility for Anatolia Min…
Silvercorp Gains On TLP-LM Prefeasibility
VANCOUVER — China’s largest primary- silver producer, Silvercorp Metals (SVM-T, SVMFF-O), now has a five-year mine plan for its recently acquired and already operating TLP-LM silver-lead project. It …