Odds ‘n’ Sods: Visiting gold mines in the DPRK
It was 1993. After disappointment with the Louwanzhai gold mine in Yunnan, my employer Normandy Mining wanted a break from China, and we were getting encouragement in Laos with our…
Asia
Continental Gold confirms Buritica’s strong economics
A feasibility study on Continental Gold’s (TSX: CNL; US-OTC: CGOOF) Buritica gold-silver project in Antioquia, Colombia, confirms strong economics for a high-grade underground mine. BMO analyst Brian Quast comments the study…
Potash faces ‘significant headwinds,’ Macquarie says
Slow adjustments to potash supply will “prolong the pain of rebalancing,” while power “shifts to the buyers,” Macquarie Research says.
Junior uranium execs pitch rebound in market
VANCOUVER — The CEOs of three North American uranium juniors took to the stage during an open-panel session at the Vancouver Resource Investment Conference in January to discuss the broader uranium market and argue why it is due to…
KWG turns to China for help in Ring of Fire
A railway design and engineering company named China Railway First Survey & Design Institute Group Co. (FSDI) and owned by China Railway Construction, one of China’s three major state-owned rail groups, is teaming with KWG…
Sandstorm picks up 56 royalties from Teck
VANCOUVER — Business has been booming for outfits in the precious metal-streaming and royalty game, with the latest deal seeing Sandstorm Gold (TSX: SSL) amass another 56 royalties from Teck Resources (TSX: TCK.B; NYSE: TCK).
Worry over Chinese demand is overdone, Aussie analyst says
While people in the mining sector wring their hands about slowing growth in China, declining demand for base metals and collapsing prices, they’re all missing one key point, according to an Australian mining engineer, research…
Banro lands US$98.8M
A Chinese mining investment fund and a Connecticut-based fund management company are giving Banro (TSX: BAA; NYSE-MKT: BAA) some breathing room this year with a private placement, term loan and streaming deal, worth nearly US$100 million.
Turquoise Hill lands US$4.4B to go underground at Oyu Tolgoi
A group of 20 lenders have come up with US$4.4 billion in project financing for Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) to build the underground portion of its Oyu Tolgoi copper and gold mine in southern Mongolia.
Southern Arc shifts focus to Japan
In 2005, Southern Arc Minerals (TSXV: SA) became the first Canadian junior exploration company to return to Indonesia after the Asian financial crisis in 1997. The junior acquired two key projects: the West Lombok property on Southwest Lombok…
Uranium prices poised to rebound, analyst says
After some false starts in past years, an uptick in uranium prices may truly be around the corner, and this time analysts are more confident any rise will reflect a balance between demand and supply.
Diamond glut ‘not as catastrophic’ as people believe: Lucara CEO
After a decent 7% increase in 2014, rough diamond prices have fallen for the past year, prompting diamond equities to follow.