Colossus Minerals digs in at Serra Pelada
SITE VISIT Carajas, Brazil — Old photographs of the most spectacular gold rush in recent history show tens of thousands of artisanal miners called garimpeiros clawing away at the mud…
South America
Apex Silver Forced Into Fire Sale Of San Cristobal
Apex Silver Mines (SIL-x) has been forced to sell its 65% stake in the massive San Cristobal zinc and silver mine to its minority partner, Japan-based Sumitomo Corp. (SSUMY-o) for US$22.5 million.
Sinchao boasts hefty initial resource
Vancouver — After two years of drilling, Sinchao Metals (SMZ-v) has delineated a sizable initial resource at its namesake copper-gold- silver project in Peru.
Editorial: Teck teeters, Apex falls
Falling commodity prices took deep bites out of another group of zinc miners during the week ended Nov. 15, the 46th trading week of 2008.
Apogee shuts La Solucion mine in Bolivia
Declining metal prices and lower grades combined with higher smelting costs and taxes have forced Apogee Minerals (…
Mining policy, Venezuelan style (November 17, 2008)
Falling oil prices and the global credit crisis are fuelling Venezuela’s descent towards the lowest rungs on the ladder of investor confidence.
Editorial: Moly meltdown shakes things up
The spectre of a global recession continued to grow and shape-shift during the week ended Nov. 8, the 45th trading week of 2008, laying its dead hand onto more industrial players, including automakers…
Apex out, Sumitomo in at San Cristobal
Apex Silver Mines (SIL-X) is selling its stake in the massive San Cristobal zinc and silver mine to Japan-based Sum…
Explorator’s El Espino en route to upgrade
Vancouver – Drilling destined to update the resource estimate for Explorator Resources’ (EXO-V) El Espino pro…
Mining policy, Venezuelan style (November 10, 2008)
Vale slashes iron ore production, trims nickel output
Saying that it is “adjusting to the new global economic scenario,” iron ore giant Vale (RIO-n) is dramatically scaling back its iron ore mining in Brazil in order to cope with an estimated 20% product…
Three on board missing plane in Guyana (November 10, 2008)
A plane contracted to do an airborne geophysical survey for U3O8 Corp. (UWE-V, UTREF-o) went missing during the afternoon of Nov. 1 in the Amazon jungle in Guyana.