Volume 98 Number 15 May 28 - Jun 3, 2012

Open-pit mining at Talison Lithium's Greenbushes lithium mine in southwestern Australia. Photo by Talison Lithium

Greenbushes bears fruit for Talison

Cash-rich Talison Lithium (TLH-T) booked record thirdquarter sales volume, revenue and net income from its high-grade Greenbushes lithium operation in southwestern Australia, and president and CEO Peter Oliver forecasts global demand for…

Photo by Baja Mining

Time is not on Baja’s side

There is “substantial doubt” that Baja Mining (BAJ-T) will continue as a going concern, the company declared on May 16 in its first-quarter earnings analysis, under a section entitled “Risk Factors.”

Drillers at Crazy Horse Resources' Taysan copper project in the Philippines, 100 km south of Manila. Photo by Crazy Horse Resources

Crazy Horse moves Taysan ahead with prefeasibility study

Philippines-focused Crazy Horse Resources (CZH-V) has outlined a 15-milliontonne- per-year open-pit copper operation at its Taysan project in a prefeasibility study. The mine plan, like the November scoping study before it, splits the project…

Exchange rates

EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date May 21 May 18 May 17 May 16 May 15   US$ in C N/A 1.0210 1.0164 1.0102 1.0029  …

Brigus turns a corner

Brigus Gold (BRD-T, BRD-X) says it is “going to keep improving” to reach a steady annual production rate of 100,000 oz. gold by year-end at its Black Fox gold mine in Timmins, Ont.

Lumina Copper's Taca Taca copper project in northwestern Argentina. Photo by Trish Saywell

Taca Taca won’t be taken, analysts say

When Lumina Copper (LCC-V) announced in early May that it had increased the size of its Taca Taca copper project in northwestern Argentina, mining analyst Adam Low of Raymond James raised his six- to 12-month target price on the stock by $2.50,…

Editorial: Stainless steel turns 100

Looking for an excuse to celebrate something in mining? Look no further than the one-hundredth anniversary of the invention of stainless steel — that wonderfully shiny, hard, corrosion-resistant alloy that’s one building block of a…

Commentary: Canada’s rise as an energy superpower

Canada is rapidly becoming recognized as one of the world’s energy superpowers. Canada is the leading foreign supplier of oil to the U.S. — delivering nearly twice as much each year as Saudi Arabia — and is the origin of 90%…

A hilltop at First Point Minerals' Decar nickel project in northern British Columbia. Photo by The Northern Miner

First resource for Cliffs’ and First Point’s Decar

A maiden resource estimate on Cliffs Natural Resources’ (CLF-N) and First Point Minerals’ (FPX-V) Decar nickel-iron alloy project in northern B.C. has delineated almost 3 billion lbs. nickel in the ground. The inferred resource on…

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