Breaking News
M&A
Lake Shore, West Timmins complete tie-up
0 COMMENTS
TSX-listed Lake Shore Gold has completed its acquisition of junior West Timmins Mining, the companies announced on Friday.
West Timmins shareholders received 0,73 of a Lake Shore share for each share of West Timmins, under a deal first announced...
By: Liezel Hill
7th November 2009
PGMS
Stillwater Mining gains ground on costs, boosts outlook
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US platinum-group metals miner Stillwater Mining increased its profit in the third quarter to $4,4-million, compared with $0,1-million a year earlier, in large part thanks to improvements in operating costs at the company's two Montana mines, CEO...
By: Liezel Hill
6th November 2009
CHILE
Codelco merges energy assets with GDF Suez
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Chilean state copper giant Codelco said on Friday it had reached a deal with GDF Suez to merge electricity generation assets in northern Chile under one company.
World No.1 copper producer Codelco said in a statement that the French utility firm...
By: Reuters
6th November 2009
MOLYBDENUM
Cash-flush Thompson Creek in pursuit of acquisitions
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Denver-based molybdenum producer Thompson Creek Metals is determined to put its sizeable cash balance to work in acquiring a near-production asset “as soon as possible”, although it may have to wait a bit for asset prices to fall in line with...
By: Liezel Hill
6th November 2009
GOLD
Now First Uranium sells Ezulwini gold stream
0 COMMENTS
Gold and uranium junior First Uranium has agreed to sell 7% of the gold to be produced over the life of its Ezulwini mine, in South Africa, to a subsidiary of Vancouver-based Gold Wheaton.
The deal comes a year, almost to the day, after the two...
By: Liezel Hill
6th November 2009
RECORD GOLD
Gold futures top $1 100/oz for first time
0 COMMENTS
Gold futures in New York rose to a record above $1 100/oz on Friday as the dollar eased in the wake of disappointing US employment data.
At 9:48 a.m. EST (1448 GMT) December gold was up $10,20 at $1 099,50 an ounce at the COMEX division of the...
By: Reuters
6th November 2009
DIAMONDS
Rio Tinto to fund some exploration on JV Tshikapa project
0 COMMENTS
TSX- and JSE-listed Africa-focused diamond explorer BRC Diamondcore has signed a letter of intent with diversified giant Rio Tinto’s mining and exploration arm, whereby Rio Tinto would fund the exploration of certain parts of the joint venture...
6th November 2009
EXPLORATION
Goldstone granted Senegalese exploration license
0 COMMENTS
Aim-listed junior gold explorer GoldStone Resources has been granted an exploration license for its Sangola project by the Senegalese Ministry of Mines.
GoldStone said in a statement that it would now be able to start exploration activities for...
6th November 2009
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