China builds US$140m uranium mine in Niger
In a sign of China’s growing interest in securing metal supplies in Africa, two state-owned Chinese companies have …
Asia
Investor group takes 30% stake in Lake Giles iron ore project
Australian junior Macarthur Minerals (MMS-V) is capitalizing on Asian steel companies seeking to set up long-term…
Private Thai group to buy Pan African Mining (April 28, 2008)
Hungry for new coal properties outside Southeast Asia, Asia Thai Mining is buying Pan African Mining( PAF-V, PAFRF-O)at an 84.3% premium over the Vancouverbased junior’s 20-day average trading price.
Full-page ad in Wall Street Journal urges Mongolia to stop “shaking down” private companies
The Center for Individual Freedom has published a full-page ad in the Wall Street Journal demanding that U.S. Presi…
Japan teams with Aussie junior in Cambodia (April 21, 2008)
A Japanese government-run company has agreed to spend US$4.5 million over three years on two of Southern Gold’s (SUTHF-O, SAU-A) Cambodian exploration projects.
Ivanhoe sells Jinshan stake
Ivanhoe Mines (IVN-T, IVN-n) is selling its controlling 42% stake in Jinshan Gold Mines (JIN-T, JINFF-o) to a Chinese gold-mining conglomerate, giving Jinshan powerful new owners with deep pockets and…
Uranium not so hot with Labrador Inuit
The week ended April 12, the 15th trading week of 2008, was punctuated by a setback for uranium explorers in Canada, as the Labrador Inuit government banned uranium mining for three years on the Labra…
GobiMin posts 2007 results; dividends up 150%
It was a big year in China for Gobi- Min (GMN-V). The Canadian junior’s two operating nickel sulphide mines in northwestern Xinjiang province, which borders Tibet, drove revenues up nearly 100%.
Sparton sees good uranium recoveries from coal ash
Tests of simple acid extraction solutions on coal ash samples in China have shown that 70-80% of the uranium contained in the fly ash from the Lincang germanium area is recoverable, Sparton Resources …
Canadian uranium companies seek financial partners on Asia tour
Six of eight companies that have signed up to participate in a mineral investment seminar this month in Beijing, Tokyo and Seoul, organized by Saskatchewan’s Ministry of Energy and Resources, are uran…
Tumultuous ride for Uranium One (April 14, 2008)
Investors in Uranium One (UUU-T, SXRZF-O) weren’t too happy to hear that the company posted a net loss of US$17.6 million (5 a share) for the financial year ended Dec. 31, 2007.
New Pacific sees lift on HNK drilling
A new high-grade gold vein assaying well into the double digits on New Pacific Metals’ (NUX-V, NUXFF-O) HNK property in Guangdong province, China, pushed its shares up 40% recently.