Vale may sell part of its base metals division
After paying almost US$20 billion for Inco in 2006, Vale (NYSE: VALE) says it may sell part of its base metals division to unlock value.
2014
TSX dragged lower by energy, jobs data, Dec. 1-5
Weaker-than-expected employment numbers showing Canada lost 10,700 jobs in November — which pushed up the unemployment rate to 6.6% from October’s 6.5% — along with disappointing earnings from the big banks and energy stocks…
African Barrick changes name to Acacia, gets busy in Burkina Faso, Tanzania
African Barrick Gold — now called Acacia Mining (LSE: ACA) — has signed an earn-in agreement with Sarama Resources (TSXV: SWA) on its South Houndé project in Burkina Faso and approved an underground mining…
African Gold Group touts low costs for Kobada in Mali
Free-digging saprolite and favourable metallurgy at African Gold Group’s (TSXV: AGG; US-OTC: AGGFF) Kobada open-pit gold project in Mali will help keep a lid on costs, according to an updated preliminary economic assessment, which…
US stock indexes post seventh week of gains, Dec. 1-5
Falling prices for crude oil weighed on energy stocks, but a surprisingly strong jobs report buoyed the Dow Jones Industrial Average and the S&P 500 Index, which posted their seventh weekly advance. November payrolls rose by 321,000 in the…
Chesapeake a good target for Goldcorp: Hallgarten’s Ecclestone
When Christopher Ecclestone says Chesapeake Gold (TSX: CKG; US-OTC: CHPGF) “looks like the turkey all dressed up for Thanksgiving,” readers of his latest research note might want to take his description with a pinch of salt.
Editorial: Friendly Manitoba, slow Manitoba
One of the hottest topics on the sidelines of the recent Manitoba Mining and Minerals Convention in Winnipeg was the provincial lawsuit launched by two prospectors against the Manitoba government for allegedly failing in its “duty to consult”…
TSX Venture closes barely above 700 points, Dec. 1-5
The S&P/TSX Venture Composite struggled during the trading sessions, dropping 5.4%, or 39.88 points, en route to a 701.99-point weekly close. Energy markets were further hit by falling crude oil futures, which reached a five-year low….
West Kirkland brings new life to Hasbrouck, Three Hills
TONOPAH, NEVADA — There’s a wealth of history in the ground at West Kirkland Mining’s (TSXV: WKM; US-OTC: WKLDF) recently acquired Hasbrouck and Three Hills gold properties in Esmeralda county, Nev., but new ideas are what the…
New technologies push industrial silver consumption
The following is an edited executive summary from Glistening Particles of Industrial Silver, a report prepared for the Silver Institute by CRU Consulting. To view the full report, visit www.silverinstitute.org.
Suppliers news: Sandvik, EDC, Amec-Foster Wheeler, Cementation, ABB
Sandvik partners with Barrick to improve drill safety
Lundin hits commercial production at Eagle
Lundin Mining (TSX: LUN; US-OTC: LUNMF) now has another commercial mine in its growing roster of operations.