Gold-Ore and Astur Gold to merge
Vancouver – European-focused Gold-Ore Resources (GOZ-T) and Astur Gold (AST-V) have decided to join forces to create a single company with one producing gold mine and a second gold project with significant potential.
Europe
Lundin completes Semblana resource
Lundin Mining (LUN-T, LUMI-O) discovered the Semblana copper deposit adjacent to its Neves-Corvo mine in southern Portugal in September last year and describes it on its website as “the first new massive sulphide deposit discovery at…
U.K. fraud office looks into Eurasian Natural Resources
London, U.K. – The Serious Fraud Office (SFO), an independent department of the British government that investigates and prosecutes serious or complex financial fraud and corruption, is looking into allegations of unlawful activity at Eurasian…
Bulgarian government gives the nod to DPM
The wait is over, and Dundee Precious Metals (DPM-T) has finally secured an approval on its environmental impact assessment (EIA) for its Krumovgrad gold project in Bulgaria.
Letter from London, Dec. 5-9
London, U.K. – It was another roller coaster ride of a week in London over the Dec. 5-9 period, culminating in the profound split on Friday by eurozone leaders over debt crisis plans. British Prime Minister David Cameron has refused to enter…
Exploration and discovery – a major’s perspective
London, U.K. – There are only three ways a mining company can provide growth, contends Graham Brown, head of geosciences and exploration for Anglo American (AAL-L), in a recent presentation at the Mines and Money conference in London.
Letter from London
London, U.K. – Ahead of this year’s Mines and Money conference in London on Dec. 6th & 7th, your Northern Miner correspondent spent the week in Europe’s financial capital, where the late November sky was not the only thing to be slightly…
Goldman Sachs predicts commodity prices to rise 15% in 2012
Analysts from Goldman Sachs (GS-N) have forecast commodity prices will increase by 15% in 2012, with the influential investment bank maintaining an ‘overweight’ recommendation on commodities for the next 12 months.
Analysts question Iberian’s move
Iberian Minerals (IZN-V) has agreed to allow Trafigura Beheer, its largest shareholder, to acquire all of its shares that it doesn’t already own for $1.10 apiece in cash, causing some analysts to question the bid.
Bulgarian government gives the nod to DPM
The wait is over as Dundee Precious Metals (DPM-T) finally secured an approval on its environmental impact assessment (EIA) for its Krumovgrad Gold project in Bulgaria.
De Beers sale to shake up industry
Anglo American’s (AAL-L) agreement to pay $5.1 billion in cash for the Oppenheimer family’s 40% stake in De Beers will have a profound impact on the diamond industry, executives and analysts say.
Fronteer spin-off Pilot Gold busy with the drill
Vancouver – Just six months into its new corporate life, Vancouver-based gold explorer Pilot Gold (PLG-T) has already drilled 60,000 metres at nine projects on two continents.