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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...

By: Martin Creamer

25th May 2012

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...

By: Matthew Hill

25th May 2012

FOREST FIRES

Lake Shore Gold suspends mining as fire risk closes in

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Rampaging forest fires in Ontario continued to disrupt mining activities in the province, with TSX-listed Lake Shore Gold on Friday saying it had suspended mining activity at its Timmins West mine, in Ontario, as a result of high winds and smoke....

By: Henry Lazenby

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...

By: Henry Lazenby

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...

By: Reuters

25th May 2012

CORPORATE ACTIVITY

Minemakers CEO open to ‘all options’ as talks with UCL continue

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The newly appointed CEO of ASX- and TSX-listed Minemakers, Cliff Lawrenson, has told shareholders that he would continue to engage with joint venture (JV) partner UCL to see if a “fair deal” could be agreed upon for the development of the...

By: Esmarie Swanepoel

25th May 2012

RARE EARTH

Commerce Resources’ Ashram PEA points to ‘robust economics’

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The results of a preliminary economic assessment (PEA) of rare earth junior Commerce Resources’ Ashram deposit, in northern Quebec, pointed to “robust economics” achievable from a project with significant upside. The PEA established that a...

By: Henry Lazenby

25th May 2012

URANIUM

Cameco not likely done with M&A yet, analysts say

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Cameco’s announcement this week that it is paving the way to raise up to $1-billion has sparked speculation the Canadian uranium giant may be preparing for a large takeover. TSO & Associates analyst Terence Ortslan said on Friday there are...

By: Matthew Hill

25th May 2012

Topics in these articles

City	Company	Country	Currency
Codelco Johannesburg London Cajamarca SANTIAGO Perth New York	Anglo American Sur SA Anglo Sur BHP Billiton Codelco Mitsubishi Mitsui Newmont Mining Scott E. Wilson Consulting Sinchao Metals Corp Southern Legacy Minerals Asian Mineral Resources Pala Investments Holdings ASX Minemakers UCL Areva Cameco Nukem Rio Tinto TSO & Associates UEX Corp Versant Partners	Chile Japan South Africa Colombia Russia Vietnam Namibia Malawi United States	USD
Facility	Industry Term	Medical Condition	Person
University Of Chicago Yanacocha Mine Bell Creek Mine Timmins West Mine Los Bronces Mine	Copper Mining Palladium Producer Copper Giant Copper Producer Battery Technology Consumer Electronics Mined Products Uranium Giant	Injury	Cynthia Carroll Diego Hernandez Hernan De Solminihac Thomas Keller Atahualpa Tony Makuch Cliff Lawrenson Ian Ross David Hodge Gerry Grandey Rob Chang Terence Ortslan Tim Gitzel
Natural Feature	Province Or State	Technology
Andes	Ontario Quebec Saskatchewan	Battery Technology