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Colombian mining tax regime counterproductive to investment, profit

By: Henry Lazenby     Updated 6 hours ago The Colombian mining tax regime imposed a significantly high tax burden on marginal investments in mining, while it also discriminated across minerals and was counterproductive to project profitability, a report released on Thursday by researchers from the Universidad de los Andes, in Colombia,... 

Oz explorer exercises option to acquire two US projects

By: Henry Lazenby     Updated 6 hours ago Australian explorer Carnavale Resources has exercised an option to acquire private firm Tojo Minerals, which held the rights to the Red Hills project, in Nevada, and the Little Butte project, in Arizona. Perth, Australia-based Carnavale said it would move to immediately ramp-up exploration... 

Endeavour Mining raises stake in West Africa-focused Legend Gold

By: Henry Lazenby West Africa-focused gold producer Endeavour Mining has filed an ‘early warning report’, as required by National Instrument 62-103, after it had increased its holdings in Mali-focused explorer Legend Gold to about 18.75%. Vancouver-based Endeavour said that it had received a further 2.5-million... 

Obama vetoes Keystone XL pipeline, leaving it in limbo

By: Reuters President Barack Obama on Tuesday, as promised, swiftly vetoed a Republican bill approving the Keystone XL oil pipeline, leaving the long-debated project in limbo for another indefinite period. The US Senate Majority Leader Mitch McConnell, after receiving Obama's veto message, immediately... 

Montero declines participation in Ethiopian graphite project

By: Henry Lazenby TSX-V-listed Montero Mining and Exploration on Thursday announced that it had declined participation in the Moyale graphite project, in Ethiopia. Montero had in August entered into a binding agreement with Ethiopia-based Hulager General Import and Export to acquire up to an 80% interest in its... 

True North Gems updates Greenland precious-gem project PFS

By: Henry Lazenby Canadian project developer True North Gems has published the positive results of an updated pre-feasibility study (PFS) on the Aappaluttoq ruby and pink sapphire project, in Southwest Greenland, which had showed the project has an after-tax net present value at an 8% discount rate of... 

Vale shares down after reporting Q4 loss, missing analyst forecasts

By: Henry Lazenby The NYSE-listed stock of the world’s largest producer of iron-ore, Brazil’s Vale, on Thursday trended lower after the diversified miner reported a significant fourth-quarter net loss, as the collapse the steelmaking commodity’s price weighed on the bottom line. Despite narrowing the net loss for... 

Vale shares down after reporting Q4 loss, missing analyst forecasts

Kibo enters two JVs with Metal Tiger for gold and uranium projects

By: Megan van Wyngaardt Tanzania focused exploration and development company Kibo Mining has completed due diligence on its Morogoro South gold-prospective exploration portfolio and has started its 50/50 joint venture (JV) activities with investing company Metal Tiger. The portfolio, which consists of 18 licences,... 

Kibo enters two JVs with Metal Tiger for gold and uranium projects

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