Gold Reserve rebuffs Rusoro’s advance (August 27, 2008)
Vancouver – With a letter to Gold Reserve (GRZ-T) suggesting a friendly merger, Rusoro Mining (RML-V) made another …
South America
Taca Taca cha-cha: Rio returns option to Lumina (August 26, 2008)
Vancouver – After drilling six holes Rio Tinto (RTP-N, RIO-L) has passed the buck again on Taca Taca, giving its op…
Reserves keep growing at Pallancata
Vancouver – For the second time in five months, International Minerals (IMZ-T, IMZLF-O) and Hochschild Mining (HCHD…
Change at the top for Verena
The promising exploration growth Verena Minerals (VML-T) has shown recently in Brazil will have to be driven by a n…
Vaaldiam spins out Canadian assets
Vaaldiam Resources (VAA-T) has decided to transfer its Canadian diamond assets into a subsidiary company to be call…
ArcelorMittal buys London Mining Brazil, partners with Adriana on port
ArcelorMittal (MT-N) cut two sizable cheques on the same day for two iron assets in Brazil. For US$764 million …
AngloGold buys Sao Bento mine
VANCOUVER– AngloGold Ashanti (AU-N, AGD-L) will get Eldorado Gold’s (ELD-T, EGO-X)Sao Bento mine in Brazil, now on care and maintenance, for US$70 million worth of AngloGold shares tradable on the Ne…
Rio Tinto to expand Corumba
Strong iron ore prices and rising demand in South America and the Middle East are behind Rio Tinto’s (RTP-N, RIO-L) latest announcement that it will invest US$2.15 billion in a major expansion of its …
Anaconda proves up iron resource in Chilean desert
Vancouver – Less than a year after its first drill hole into the San Gabriel iron ore property Anaconda Mining (ANX…
Largo makes plans for long-term vanadium mine
Largo Resources (LGO-V) is looking at producing vanadium over 23 years at its Maracas project in Bahia state, Bra…
Atacama to raise $80M
VANCOUVER– Atacama Minerals (AAM-V, ATAAF-O), a major iodine producer in Chile, has announced an $80-million brokered private placement on a best-efforts basis to raise money for its move into fertil…
Andina doubles Volcan
Andina Minerals (ADM-V, ADMNF-O) has boosted measured and indicated resources at its Volcan gold project, in Chile, to 6.62 million oz. gold. The last resource estimate was released in October 2007 an…