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By: Henry Lazenby Updated 6 hours ago Joint-venture firm Minera y Metalurgica del Boleo (MMB), comprising a consortium of Korean companies and TSX-V-listed Baja Mining, on Monday reported that the much-delayed and over budget Boleo copper/cobalt/zinc/manganese project, in Mexico, had produced its first copper. The $2-billion Boleo... →
By: Reuters Updated 6 hours ago Europe's No 2 copper producer KGHM plans to pay out dividends of up to one third of its 2014 annual profit, as it plans to spend 27-billion zlotys ($7.23-billion) to boost output over the next five years, the company said on Monday. The dividend policy of the state-controlled miner is in line... →
By: Henry Lazenby Updated 6 hours ago Project generator Transition Metals on Monday reported that the latest programme of diamond drilling at Sunday Lake, located 25 km north of Thunder Bay, Ontario, confirmed continuity of platinum group metals (PGM) mineralisation over an area of about 700 m long and 300 m wide, at depths tested... →
By: Henry Lazenby Updated 7 hours ago British Columbia-focused project developer Seabridge Gold announced Monday that it had established an independent geotechnical review board (IGRB) for its KSM project to review and consider the project's tailings management facility (TMF) and water storage dam (WSD) with a focus on their... →
By: Henry Lazenby Updated 7 hours ago Phosphate project developer Stonegate Agricom has temporarily halted permitting activities at its Paris Hills project, in Idaho, citing financial constraints. The TSX-listed firm said third-party consultants appointed to finalise the groundwater model for permitting applications, had provided a... →
By: Reuters Iron-ore prices hit their lowest in 5-1/2 years on Monday as some loss-making Chinese steel mills curbed output, ore supplies remained abundant and concerns persisted about the outlook for economic growth in China this year. Cooling Chinese steel demand forced some steel mills to bring forward... →
By: Simon Rees The end months of 2014 were grim ones for major oil-producing states everywhere, especially those in the Middle East. As the region continued grappling with the aftershocks of the Arab Spring and the threat of the Islamic State, they also watched the price of oil swoon. All eyes have turned to... →
By: Reuters US mining firm Freeport-McMoRan is expected to produce two-million tonnes of copper concentrate from its Indonesian operations in 2015, up from 1.4-million tonnes in 2014, a mining ministry official said on Monday. "Last year they only gained permission to export in July and production was also... →