Rye Patch cuts more Nevada gold
Rye Patch Gold (RPM-V, RPMGF-o) has intersected gold mineralization in drilling on two of its Nevada projects, Wilco and Jessup.
United States
Cliffs curtails production at two mines
Declining demand for steel has prompted major iron ore producer Cliffs Natural Resources (CLF-n) to stop production at two mines in Minnesota.
Early winter hits Teck’s Red Dog (November 10, 2008)
Teck (TCK. B-T, TCK-t) says that “adverse weather conditions” have forced it to send off its final container ship early and without a full load from its Red Dog zinc-lead mine in Alaska, easily the wo…
Long Canyon drilling delivers for Fronteer and AuEx
Vancouver — Joint-venture partners Fronteer Development Group (FRG-T, FRG-x) and AuEx Ventures (XAU-T, AUXVF-o) are hitting long gold intercepts at the Long Canyon project in Elko Cty., Nev.
Editorial: Vale goes easy on Canadian mines
The week ended Nov. 1, the 44th trading week of 2008, was characterized by some relative calm in the global financial markets after seven weeks of incredible turmoil.
Thompson Creek cuts ’09 spending
A sudden drop in molybdenum demand over the last few weeks has prompted Thompson Creek Metals (TCM-T, TC-N, A6R-F) …
Pure Nickel makes deal with Japanese group
A major Japanese conglomerate has agreed to invest up to $40 million in Pure Nickel’s (NIC-T, PNCKF-O) MAN project …
New approach bolsters Western Goldfields
Western Goldfields (WGI-T, WGW-N) reported its best quarter ever with record sales, lower costs and solid cash flow…
Commentary: Ohio Coal Association: Obama is ‘extraordinarily misguided’
The following is a statement by Mike Carey, president of the Ohio Coal Association, in response to just-released re…
Severstal and Chalco cutting output (November 03, 2008)
Severstal, Russia’s largest steel maker, is slashing output in Russia, the U. S. and Europe by 25-30% amidst slowing demand, according to a report by Bloomberg news.
Augusta advances Rosemont copper project (November 03, 2008)
Augusta Resource (AZC-T, AZC-x) has improved metallurgy and discovered a new mixed oxide-sulphide zone at its Rosemont open-pit copper-molybdenum-silver project in southern Arizona.
Uranium price will rebound: analysts (Part 2)
Nick Carter, vice-president at Roswell, Ga.-based uranium consultancy Ux Consulting says that the recent steep drop…