New Gold starts up New Afton in BC
New Gold (NGD-T, NGD-N) brings online a fourth mine with the timely start up of its New Afton gold-copper mine, near Kamloops, B.C.
2012
McEwen doubles resource at Los Azules
Indicated resources have more than doubled to 4.6 billion pounds of copper at McEwen Mining’s (MUX-T, MUX-N) Los Azules project in Argentina, while inferred resources have jumped 4% to 10.8 billion pounds of copper.
Vale secures license for Serra Sul mega development
VANCOUVER — Brazilian mining giant Vale SA (VALE-N) has received its preliminary environmental license for what will be the world’s largest iron-ore project. Serra Sul, or Carajas S11D, is a US$20-billion expansion initiative at the…
TSX and TSX Venture warrants
The following are the warrants of mining-related stocks trading on the Toronto Stock Exchange and the TSX Venture Exchange:
Guatemala proposes 40% stake in mining companies
VANCOUVER — Guatemala could soon take a 40% stake in mining companies in the country if a proposed constitutional amendment goes through.
Goldcorp overcomes Barrick’s legal challenge
VANCOUVER — Canadian miner Goldcorp (G-T, GG-N) has emerged the victor following a lengthy legal tussle with competitor Barrick Gold (ABX-T, ABX-N) over a majority interest in Chile’s massive El Morro copper-gold…
Alamos makes headway in Turkey
Alamos Gold (AGI-T) outlines a positive mining scenario at its Turkish gold assets, Agi Dagi and Kirazli, and reveals an inferred resource for its Camyurt project, also in Turkey.
Brazil mining code stirs uncertainty
Revisions to Brazil’s mining code may cancel mineral rights that the government deems strategic such as phosphate, potash, and rare earth elements, Reuters reported yesterday, quoting unnamed but “high-level” government and…
WCB hunts gold, copper elephant on Misima Island
VANCOUVER — When big-time global miner Xstrata PLC (XTA-L) put its US$5.3-billion Frieda River copper project in Papua New Guinea on the market in late June, there were a few raised eyebrows at the state of affairs in the small Melanesian…
Southgobi to stop coal production at Ovoot Tolgoi
VANCOUVER — SouthGobi Resources (SGQ-T) is ramping down production at its Ovoot Tolgoi coal operation in Mongolia as it faces an uncooperative government and dwindling coal contracts.
[Update] Orbite keeps moving
Orbite Aluminae (ORT-T) has been busy proving its patented technology to extract alumina from clays, bauxite, and red mud works. It now says it’s capable of recovering individual rare earths as a byproduct from its high-purity…
Nighthawk looks to soar on NWT gold
Contrary to popular belief significant gold finds in the far north don’t begin and end with the Yukon.