Colombian rebels like gold
Income from gold mining has overtaken drug trafficking in some provinces for the Revolutionary Armed Forces of Colombia (FARC), according to a new report from political risk firm Exclusive Analysis.
South America
[Update] Silver Standard sees bright future at Pitarrilla
After repositioning Silver Standard as a well-funded firm with a strong management team and a sole operating mine in Argentina, Silver Standard Resources’ (SSO-T, SSRI-N) president and CEO John Smith says, “Now we are getting the…
First Quantum offers $5.1B in sweetened bid for Inmet
First Quantum Minerals (FM-T, FQM-L) has stepped up its game for Inmet Mining (IMN-T) with a hostile $5.1-billion takeover offer in hopes of winning over Inmet shareholders after failing twice to entice the company’s board in recent…
Berlin project has room to grow
Revenue from by-products phosphate, vanadium and yttrium will more than pay for the mining and extraction of uranium oxide at U308 Corp.’s (UWE-T, UWEFF-O) Berlin project in Colombia, according to a preliminary economic assessment.
Colombian rebels like gold
Income from gold mining has overtaken drug trafficking in some provinces for the Revolutionary Armed Forces of Colombia, or FARC, according to a new report from political risk firm Exclusive Analysis.
Coeur to take 100% of Joaquin
Some mining companies find it tough going in Argentina, particularly in less mining-friendly provinces like Chubut where the state government has proposed higher taxes and royalties. And even in more benign, mining friendly states like Santa…
Gold Fields spins out two mines in SA
Gold Fields (GFI-N) is lowering its South African risk by spinning out a wholly owned subsidiary — which holds the country’s KDC and Beatrix gold mines — into a new firm called Sibanye Gold. While this may sound like a…
Ollachea delivers for Minera IRL in Peru
Lima-based gold miner Minera IRL (IRL-T, MIRL-L) has completed a definitive feasibility study on its wholly owned Ollachea gold project in southeastern Peru that shows strong potential for a robust underground mine that could produce 113,000…
More headaches for Anglo American
Skyrocketing costs are eating into the pocketbooks of miners across the industry, and Anglo American (AAL-L, AAUKY-Q) is no exception.
Slater’s patience rewarded in Kazakhstan’s goldfields
Business partners Ian Slater and Robert Bell first set their sights on Kazakhstan mineral potential not long after the country declared independence from the Soviet Union in the early 1990s. Two decades later, their vision of developing a…
Gold Fields reduces its SA risk, spins out two mines
Gold Fields (GFI-N) is lowering its South African risk by spinning out its wholly-owned subsidiary that holds the KDC and Beatrix gold mines in the country into a new firm called Sibanye Gold. While this may sound like a step in the right…
Ollachea delivers for Minera IRL in Peru
Lima-based gold miner Mineral IRL (IRL-T, MIRL-L) has completed a definitive feasibility study of its wholly owned Ollachea gold project in southeastern Peru that shows the potential to build a profitable underground mine that could produce…