Suppliers news: RTG hires Lycopodium, Knight Piesold to work on Mabilo feasibility study
Australian junior RTG Mining (TSX: RTG) has tasked Lycopodium (ASX: LYL) and Knight Piesold help finish the feasibility study on its Mabilo copper-gold project.
Australia, NZ & South Pacific
Nautilus targets 2018 for undersea mining
VANCOUVER — It’s been a bounce-back 12 months for junior Nautilus Minerals (TSX: NUS; US-OTC: NSUMF), which has overcome a major sociopolitical hurdle to get back on track to develop the world’s first undersea mining operation…
Tata Steel buys LIM’s 49% stake in Howse deposit
Tata Steel Minerals Canada (TSMC) acquired a 51% stake in Labrador Iron Mines’ (TSX: LIM) Howse iron ore deposit in Labrador for $30-million cash in 2013.
TSX falls on higher oil, gold prices, March 23-27
Canadian stocks fell for a third straight week, following bleak U.S. economic data and rising tensions in the Middle East. Oil and gold prices spiked after Saudi Arabia and its allies launched airstrikes against Houthi rebels in Yemen, who are…
Downturn a chance for governments to craft competitive policies: World Bank
Like other regions, Latin America has seen a slowdown in mining investment owing to the global decline in commodities prices.
Golden payoff in the Pilbara for Novo Resources
VANCOUVER — It’s easy pickings for Novo Resources (US-OTC: NSRPF) at its Beatons Creek paleoplacer gold deposit near the historic gold mining town of Nullagine in the eastern Pilbara region of Western Australia.
Buyer emerges for Coalspur Mines
When The Northern Miner visited Coalspur Mines’ (TSX: CPT; ASX: CPL) Vista coal project on the eastern edge of the Rocky Mountains in late 2010, seaborne thermal coal prices were trading at US$120 per tonne.
Mandalay shines in tough markets
It’s no surprise analysts have been praising Mandalay Resources (TSX: MND; US-OTC: MNDJF) for meeting its production guidance and paying dividends, which many competing juniors are struggling to do in the bleak commodity price environment.
Coeur takes US$1B writedown in 2014
Coeur Mining (TSX: CDM; NYSE: CDE), the largest U.S.-based silver producer, reported a wider net loss for 2014 as it took a US$1-billion after-tax writedown in the fourth quarter, following weaker silver and gold prices.
Otterburn’s K92 picks up Barrick’s Kainantu mine
Measures taken by Barrick Gold (TSX: ABX; NYSE: ABX) to divest non-core assets, chip away at debt and focus on five cornerstone mines in the Americas are benefiting juniors like Otterburn Resources (TSXV: OBN).
Mining industry revisits anti-corruption procedures
Mining companies should take note of Canada’s stricter penalties and more aggressive enforcement of anti-corruption laws and make sure their anti-bribery compliance procedures are up to speed, lawyers, forensic accountants and mining…
Paladin gets PE from Asia
Like most uranium companies last year, Paladin Energy (TSX: PDN; ASX: PDN) struggled with tough markets and low commodity prices.