Rusoro Makes Formal Bid For Gold Reserve
Rusoro Mining (RML-V, RMLFF-o) says its unsolicited takeover bid for Gold Reserve (GRZ-T, GRZ-x) offers a “compelling premium” and would create the “premier” Venezuelan gold company. But Gold Reserve …
South America
BHP OKs Aussie Iron Ore Expansion
BHP Billiton (BHP-N, BLT-l) has approved an expansion at its iron ore mining operations in Western Australia, which will raise production by 50 million tonnes to 205 million tonnes per year in 2011.
Intrepid Hits Lengthy Gold Intervals In Indonesia
Vancouver — Recent drilling at Zone A of the Tumpangpitu prospect delivered Intrepid Mines (IAU-T, IAU-a) its best oxide drill results to date from the Tujuh Bukit property, near the eastern tip of J…
Crystallex, Rusoro, deny news report of planned concession withdrawal
Business News Americas, quoting an unnamed official at Venezuela’s basic industries and mining ministry, or M…
Mirabela reports maiden underground resource for Santa Rita
Mirabela Nickel (MNB-T, MBN-A) likes to describe its Santa Rita project in Brazil as the world’s largest greenfield…
Rusoro Mining goes after Gold Reserve
Rusoro Mining (RML-V, RMLFF-o) says an unsolicited take-over bid for Gold Reserve (GRZ-T, GRZ-x) offers a “co…
Vale Scales Back
As the world economy continues to unravel, Vale (RIO-N) is closing its Copper Cliff South nickel mine in Sudbury, Ont., suspending its Voisey’s Bay nickel operations in Labrador for a month next July,…
Aguila Showing Size Potential For Duran Ventures
Vancouver — Drilling efforts at the Aguila copper-molybdenum prospect in Ancash, Peru, are starting to define a sizable zone for owner Duran Ventures (DRV-V, DUVNF-O).
Apogee’s La Solucion Mine Goes Under
Declining metal prices and lower grades combined with higher smelting costs and taxes have forced Apogee Minerals (APE-V, AGEEF-O) to close its La Solucion silver- zinc-lead mine north of La Paz in Bo…
Drilling confirms trench samples at StrataGold’s Purple Heart
StrataGold (SGV-T) and 50% joint-venture partner, Newmont Overseas Exploration, received some encouraging results f…
Candente Resource completes PEA for Canariaco Norte
A long-awaited preliminary economic assessment of the Canariaco Norte project in Peru may bring Candente Resource (…
Bad notes delay Norsemont payment
The frozen asset backed commercial paper market continues to effect miners as Norsemont Mining (NOM-T) announced it…