Volume 99 Number 33 Sep 30 - Oct 6, 2013

Donner on life-support after losing Bracemac-McLeod

Despite a valiant attempt to raise capital, Donner Metals (TSXV: DON; US-OTC: DONFF) defaulted on a payment owed to Glencore Xstrata (LSE: GLEN) and as a result handed over its 35% interest in the Bracemac-McLeod mine…

Rodinia Lithium's flagship Salar de Diablillos lithium project in Salta province, Argentina. Credit: Rodinia Lithium

Rodinia Lithium gives up costly Nevada claims

When the Nevada office of the U.S. Bureau of Land Management raised its annual mining claim fees last year by 700%, from US$140 per claim to US$1,120 — at a time capital markets were even more challenging for miners — juniors like…

Workers washing a discovery outcrop at Goldstrike Resources' Plateau South gold project in the Yukon. Credit: Goldstrike Resources

Goldstrike hits gold in three zones at Plateau South

VANCOUVER — After just 10 weeks of exploration at the Plateau South project, it is starting to look like Goldstrike Resources (TSXV: GSR; US-OTC: APRAF) made a good choice when it dropped 23 other Yukon gold properties to focus on its…

Moroccan state-owned phosphate producer Office Chrifien des Phosphates' Merah-Lahrach washing plant near Khouribga, Morocco. Source: OCP

Western phosphate producers look east for growth

AGADIR, MOROCCO — Mosaic (NYSE: MOS) may be the largest producer of finished phosphate products in the world, with four phosphate-rock mines, three processing plants in Florida and a second plant in Louisiana, but permitting new mines or…

Soltoro staff discuss future plans (2009). Photo by John Cumming.

Mexico’s mining tax causes concern

A proposed 7.5% mining tax on companies in Mexico and as much as 8% on those extracting precious metals is creating uncertainty in the industry about investing in a country that until now has been thought of as one of the world’s most…

U.S. markets, Sept. 16-20

The major U.S. indexes rose for the third week in a row — lifted by the U.S. Federal Reserve’s surprise decision on Sept. 18 to delay tapering its massive stimulus program. The Dow Jones Industrial Average advanced 0.50% to…

A drill rig at Torex Gold Resources' Morelos gold project in Guerrero state, Mexico. Credit: Torex Gold Resources

Torex tallies Media Luna resource in Guerrero

It’s been a busy few months in Mexico for Torex Gold Resources (TSX: TXG), which is advancing two projects on its Morelos property, a 290 sq. km landholding in Guerrero state.

TSX Venture Exchange, Sept. 16-20

The S&P/TSX Venture Composite Index saw little movement during the trading sessions, dropping 4.6 points before closing out the week at 946.10. The Venture was affected after gold and crude oil futures struggled in early trading before…

EMED says Rio Tinto is on track as CEO resigns

EMED Mining (TSX: EMD; LSE: EMED), which has been working for several years to satisfy the requirements of the Spanish government so that it can revive the past-producing Rio Tinto copper mine in Andalucia, says it expects to receive all…

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