It is terribly difficult to get excited about a nickel mining company, at a time when the metal itself is in the doghouse. With Mincor, however, it is not possible to make an exception. Not because Australia has a minor surprise in his favor the back pocket, or even because he is made a discovery. [...]
Mining Exploration News:
Rio Tinto Group, the world’s third-largest mining company, will eliminate 14,000 jobs, cut capital expenditure by more than half and sell the “important asset” as the demand for the metal sinks in a global recession.
One month after repelling a hostile bid from BHP Billiton Ltd., Chief Executive Officer Tom Albanese said the London-based [...]
Mining Exploration News:
Toronto (Reuters), The main Drilling International Group (MDI.TO), the world’s No 2 mine drilling company, which expects “significant” slowdown in base metal exploration next year and uncertain about the future activity in the gold mining sector, the company said on Tuesday.
In a conference call to discuss the company’s second-quarter earnings, Chief Executive Francis [...]
That Was The Week That Was … In Canada
By Our Canadian Correspondent
Minews. Now over to our Canadian correspondent for a look at how the Canadian markets performed during the previous week.
CC. Tax loss selling seemed to be the story of the week on the Canadian markets, with the gloomy economic outlook prompting investors to move [...]
By Charles Wyatt
Patience and persistence are the two prime qualities to be sought in the chief executive of a junior mining company in which it is worth investing. Such a chief executive takes problems on the chin and finds ways of solving them. Not for him, or her, the whinge and hide tactics adopted by [...]
By Alastair Ford
“From now on”, says Colin Andrew, managing director of Cambridge Mineral Resources, “all our press releases will be issued using the past tense”. By which roundabout fashion he means that Cambridge will issue far fewer promises, and instead report much more on achievements already delivered. That new outlook comes in the context of [...]
* Review of definitive feasibility study completed
* Capital expenditure of US$173 million
* Production of 55% Ta2O5 synthetic tantalum concentrate (SynCon)
* Project finance progress
* Completion of independent technical review
* Lycopodium appointed as [...]
Patagonia Gold (PGD) has completed the Scoping study on its 100 % owned Lomada de Leiva gold project in Santa Cruz Province, Argentina. The scoping study was compiled by Chlumsky, Armbrust and Meyer, LLC. (CAM) of Lakewood, Colorado, and was based on the previously released gold resource estimate on Lomada de Leiva.
The study involved investigating [...]
The Board of Kiwara, the Zambian based exploration Company, is pleased to announce further results from its ongoing drilling programme on the Kalumbila base metals target.
Highlights:
* Bore Hole L38 assayed 0.94% copper (”Cu”) over 20.44m intersection from 127.89m, including 1.19% Cu over 14.03m intersection from 131.51m;
[...]
Cambridge Mineral Resources plc (’CMR’ or ‘the Company’), the mining exploration and production
company primarily targeting precious metals in South America, has commenced production at its
Quintana Gold Mine in Colombia on 9th November with first gold being poured on 19th November. [...]