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Base Metals
 
MINERAL TITLE

Sinchao loses mineral resources at Peru copper-gold project

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For Sinchao Metals Corp, the bad news is that its Peruvian copper-gold project, located 30 km from Newmont Mining’s giant Yanacocha mine, has been stripped of its mineral resources. The good news? The TSX V-listed firm’s imminent merger with...
25th May 2012
 
 
CORPORATE ACTIVITY

Norilsk reaffirms potential hostile AMR bid

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Russia’s Norilsk Nickel on Thursday reaffirmed its potential hostile bid to take over TSX-V-listed Asian Mineral Resources (AMR) through an all-cash transaction. Norilsk, the world’s biggest nickel and palladium producer, said it had...
25th May 2012
 
 
ZINC

China infrastructure push to boost zinc imports, support prices

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China is likely to boost imports of zinc in the fourth quarter of the year after Beijing said it would speed up infrastructure investment, market players said, helping support prices for the base metal. Zinc is set to reap the benefits of a push...
25th May 2012
 
 
COPPE

Anglo gaining ground in Codelco battle

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With the tussle moving out of the courts and into the commercial arena and with Codelco CEO Diego Hernandez suddenly quitting his post in the midst of the ongoing battle, Anglo American CEO Cynthia Carroll appears to have gained significant...
25th May 2012
 
 
ZINC

Perkoa proves up for Blackthorn

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Metals developer Blackthorn Resources has reported an 80% increase in the mineral resource at its Perkoa joint venture project, in Burkina Faso. The project’s mineral resource has now increased to 12.17-million tons, at 10.3% zinc and 53.9 g/t...
25th May 2012
 
 
PEOPLE

Chile Codelco CEO Hernandez to resign, CFO to step in

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Chile's state copper giant Codelco said on Thursday CEO Diego Hernandez was resigning and would be replaced by CFO Thomas Keller, just as the world's No. 1 copper producer is striving to end a bitter contract dispute with global miner Anglo...
25th May 2012
 
 
COMMUNITY RELATIONS

Near-mine communities up in arms against Freeport McMoRan’s DRC unit

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Communities living near the new $2-billion Fungurume copper/cobalt mine, in the Democratic Republic of Congo (DRC), are up in arms against the gigantic mine’s developer, which they accuse of not delivering on its pledge to create substantial...
25th May 2012
 
 
CORPORATE ACTIVITY

Asian Minerals says Norilsk hostile offer 'too vague'

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Directors of emerging nickel producer Asian Mineral Resources (AMR) on Thursday said a hostile takeover bid by Russia's Norilsk Nickel, the world's biggest nickel and palladium producer, for all the shares of AMR, was “too vague”. In a...
24th May 2012
 
 
 
 
 
 
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