Vale S.A.

Three geologists look toward the Voisey's Bay  open pit mine. Photo by Joshua Duggan (CC 2.0).

Vale green-lights underground mine at Voisey’s Bay

The natural resources industry of Newfoundland and Labrador — beaten down as it is by the steep decline in iron ore and oil prices — has received a most welcome board-level confirmation from Vale that it will indeed pursue…

Looking west along a trans-lithospheric fault of the Garder-Voisey's Bay system on Equitas Resources' Garland nickel property in Labrador. Source: Equitas Resources

Equitas hunts next Voisey’s Bay

Junior Equitas Resources (TSXV: EQT; US-OTC: EQTRF) has kicked off a second phase of exploration at its Garland nickel-copper-cobalt property in Newfoundland and Labrador, with the hope of discovering deeper Voisey’s Bay-style…

A box cut under construction for the first access declines to the planned underground copper mine at Kamoa in the Democratic Republic of the Congo. Ivanhoe Mines has sold almost half its stake in the project to Zijin Mining Group. Credit: Ivanhoe Mines

China’s Zijin Mining buys into Barrick, Ivanhoe assets

Just a week after Vale (NYSE: VALE) unveiled a memorandum of understanding with one of China’s largest commercial banks for financing arrangements worth up to US$4 billion, Zijin Mining Group of southern Fujian province has agreed to…

Wall Street gains, May 11-15

China cut interest rates for the third time in six months to shore up its economy, just as  weaker-than-expected industrial production, retail sales and consumer sentiment in the U.S. cast a pall over the economy and hinted that the…

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