Asia

Centerra drops as Kyrgyz gov’t reviews Kumtor

Centerra Gold (CG-T) plunged more than 30% on June 22, as the Kyrgyzstan parliament debated the fate of the company’s Kumtor gold project in the country while investors worried about the possibility of Centerra losing its mining…


The exploration crew at WCB Resources' Misima Island copper-gold project in Papua New Guinea. Photo by WCB Resources

WCB hunts gold, copper on PNG’s Misima Island

When  Xstrata (XTA-L) put its share of the  US$5.3-billion Frieda River copper project in Papua New Guinea on the market in late June, there were a few raised eyebrows at the state of affairs in the country — especially given…


Chalco and Ivanhoe extend SouthGobi deal deadline

VANCOUVER — The Aluminum Corporation of China (Chalco) and Ivanhoe Mines (IVN-T, IVN-N) have agreed to wait a month before Chalco make its official offer to buy Ivanhoe’s stake in SouthGobi Resources (SGQ-T) as doubts remain as to…



SMI can’t touch the copper-gold pie at Tampakan

On the Philippine island of Mindanao, advancement of the Tampakan project — encompassing one of the planet’s largest undeveloped copper-gold deposits — remains in limbo following months of environmental opposition to a planned…


Exchange rates

EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date June 4 June 1 May 31 May 30 May 29   US$ in C 1.0418 1.0380 1.0349 1.0286 1.0253  …



China's demand for mineral resources affects mining and exploration worldwide. Pictured above: Shanghai's skyline. Photo by Josephine Lim

The China paradigm and commodity demand

After hosting two days of meetings with government policy advisors, experts and consultants about China’s medium- to long-term demand for commodities, the Nomura Group concludes the country’s industrial demand is “moving to…


Changes for Ivanhoe as Rio Tinto takes driver’s seat

Ivanhoe Mines (IVN-T, IVN-N) is shifting gears as it adjusts to Rio Tinto (RIO-N) having acquired a majority ownership stake in the company, and first production approaches at its Oyu Tolgoi copper-gold-silver mine in Mongolia.Ivanhoe released…


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…


Freeport in eye of Indonesia’s nationalization storm

 The world’s largest, publicly traded copper producer, Phoenix-based Freeport-McMoRan Copper & Gold (FCX-N), is standing tough in the face of simmering labour turmoil and nationalization overtures aimed at its Grasberg…


Geologist David Bond exploring Altan Rio Minerals' Chandman-Yol copper-gold project in western Mongolia. Photo by Altan Rio Minerals

Altan Rio sees potential in Mongolia

Having assembled a collection of greenfield copper-gold prospects in Mongolia’s western frontier, Vancouver-based explorer Altan Rio Minerals (AMO-V) is aiming to take the next step forward with a US$2-million drilling campaign in 2012.


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