Volume 98 Number 19 Jun 25 - Jul 1, 2012

Atacama Pacific has several projects in Chile in addition to its flagship Cerro Maricunga gold property. Photo by Atacama Pacific

Atacama drills deep into Chile

Carl Hansen is a big fan of the Maricunga mineral belt in Chile’s Atacama region, high in the Andes.The president and CEO of Atacama Pacific (ATM-V) is advancing the company’s wholly owned Cerro Maricunga gold project, which is just…


The exploration camp at Candente Copper's Canariaco Norte porphyry copper project 700 km northwest of Lima, Peru. Photo by Candente Copper

Candente makes headway in Peru

On the last day of May, Peru’s  Ministry of Energy and Mines granted Candente Copper (DNT-T) the permit it needs to complete drilling for its feasibility study on the Canariaco Norte project, a porphyry copper deposit about 700 km…


LME falling into Chinese hands

In another milestone of Britain’s century-long fading as a global power, the 135-year-old, privately held London Metal Exchange — the world’s premier non-ferrous metals market — looks set to be sold off to interests…




Exchange rates

EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date June 18 June 15 June 14 June 13 June 12   US$ in C 1.0266 1.0244 1.0247 1.0270 1.0268  …


People

Animas Resources — Gregory McKelvey resigned as a director; Donald Ranta will not stand for re-election as a director; John R. Wilson and David Beling nominated for election as directors.Argex Mining — Normand Bergeron appointed a…


Hauling material at Rio Tinto's and Harry Winston Diamond's Diavik diamond mine 300 km northeast of Yellowknife, Northwest Territories. Photo by Harry Winston Diamond

Harry Winston sees Q1 profits, revenues rise

Harry Winston Diamond’s (HW-T, HWD-N) first-quarter earnings of fiscal 2013 tripled to US$11.6 million on higher rough diamond sales and stronger retail performance, but missed analysts’ expectations. For the quarter ended April 30,…


Quaterra completes MacArthur PEA

Quaterra Resources (QTA-V, QMM-X) has taken a step closer to near-term production at its MacArthur project, a fully stripped porphyry copper-oxide property in western Nevada’s historic Yerington copper district.A preliminary economic…



A portal and underground development workings at Trevali Mining's Santander polymetallic mine in Peru. Photo by Trevali Mining

Trevali pushes towards Peruvian production

Vancouver-based Trevali Mining (TV-T, TREVF-Q) is getting closer to launching Peru’s next polymetallic mine with a little help from a well-known player in the metal game: Glencore International (GLEN-L).The two companies plan to have…


Eastern Platinum's Mareesburg platinum project in South Africa, where development has been suspended. Photo by Eastern Platinum

Eastplats stung by platinum price drop

A softening platinum market is taking a bite out of miners as companies face shrinking margins and production challenges, especially in South Africa’s prolific Bushveld complex, which accounts for 72% of global platinum output.The…


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