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Wolfden Resources terminates Murray Brook acquisition, opts for Manitoba claim

By: Henry Lazenby     Updated 14 minutes ago Base metals explorer Wolfden Minerals has cancelled its exclusivity agreement to buy a 65% interest in the Murray Brook project, the fifth-largest massive sulphide deposit in the Bathurst Mining Camp (BMC) of New Brunswick, from Votorantim Metals Canada, settling instead for a Manitoba... 

World Bank member invests in Peru-focused explorer

By: Henry Lazenby     Updated 27 minutes ago World Bank Group member the International Finance Corporation (IFC) on Thursday agreed to invest about C$4.5-million in Peru-focused explorer Tinka Resources. IFC said its motivation was to help the company develop Peru's mining sector in a way that promoted job creation and local community... 

Recession unavoidable for Alberta this year – Conference Board

By: Henry Lazenby     Updated 1 hour 1 minute ago Despite oil prices having seemingly stabilised, oil-and-natural gas producing Alberta's economy was headed for an overall decline in real gross domestic product (GDP) this year The Conference Board of Canada's ‘Provincial Outlook: Spring 2015’ had found. The economy of the Western Canadian... 

Recession unavoidable for Alberta this year – Conference Board

Canadian Mining Eye Index slows decline – EY

By: Henry Lazenby     Updated 1 hour 26 minutes ago Professional services firm EY’s ‘Canadian Mining Eye Index had slowed its decline in the three months ended March 31, falling only 1% compared with a 12% decline in the fourth quarter last year. The index, which tracked the Canadian mining sector performance of 100 TSX- and TSX-V-listed mid-tier... 

Ivanhoe CEO to lead delegation to DRC this weekend to iron-out copper 'confusion'

By: Henry Lazenby     Updated 2 hours 11 minutes ago Africa-focused project developer Ivanhoe Mines will send a high-level delegation to the Democratic Republic of Congo (DRC) this weekend to address any “misunderstandings” that might exist between itself and the government following Ivanhoe’s announcement Monday to sell nearly half of the Kamoa... 

Ivanhoe CEO to lead delegation to DRC this weekend to iron-out copper 'confusion'

Two bodies found near mine

By: News24Wire      Updated 7 hours ago Security guards at the Aquarius Platinum Mine in Kroondal, assisted by the Rustenburg police, found two bodies with their hands and legs tied from behind in a field outside the mine premises. The guards were chasing suspected copper thieves when they made the grisly discovery. 

Stellar sells more diamonds from Baoulé trial mining

By: Megan van Wyngaardt     Updated 7 hours ago West Africa-focused Stellar Diamonds has sold diamonds valued at $505 000 at a recent auction. The Aim-listed diamond development company on Thursday said this brought the sales from its 75%-owned Baoulé kimberlite pipe, in Guinea, to over $922 000, of which $700 644 were derived from the trial... 

Shanta secures $40m loan

By: Megan van Wyngaardt     Updated 7 hours ago East Africa-focused gold production and exploration company Shanta Gold has secured $40-million in loan facilities from Investec Bank. The company said that its operating subsidiary Shanta Mining Company, would use $20-million of the $40-million loan facilities to refinance an existing bank loan... 

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