U3O8 Corp outlines Argentina strategy

Canada-based uranium project developer U3O8 Corp this week outlined its strategy for Argentina, saying it believed the Laguna Salada deposit was a potential low-cost, near-term producer while setting up a pipeline of projects for sequential...

Allied Nevada Gold closes $150m financing

US miner Allied Nevada Gold on Friday said it had closed a bought deal equity financing with a syndicate of underwriters for $150.5-million. Allied Nevada issued 14-million shares at a price of $10.75 apiece. The syndicate of underwriters was led...

Orbite settles dispute with contractor, shares slide

French media this week reported alumina process innovator Orbite Aluminae this week settled a dispute with contractor Gastier Montreal, which claimed $16-million for unpaid work. Gastier obtained a legal mortgage on the new Orbite plant, which...

Copper Mountain production grinds to halt on transformer failure

Vancouver-based Copper Mountain Mining on Thursday said production ground to a halt after one of two transformers powering the semi-autogenous (SAG) mills had failed. Copper Mountain said it expected production to restart on Saturday, after a...

Critical alternative rare earths sources still not secured since China’s 2010 export restrictions

Following the global economic downturn of 2008/9 and a series of events and press reports in 2010 that coined what some referred to as the “rare-earths crisis”, there has been a glut of new rare earths projects starting out, yet few have...

Marengo delays FS results, looks for new power partner

ASX- and TSX-listed Marengo Mining has been forced to consider alternate sources of power for its proposed Yandera copper/molybdenum/gold project, in Papua New Guinea, after the preferred third-party supplier decided to withdraw from the supply...

Didipio reaches commercial production

Dual listed miner OceanaGold has declared commercial production at its Didipio mine, in the Philippines, from April 1. “We are extremely pleased to formally announce the declaration of commercial production at Didipio with an effective date of...

BC expected to top export growth charts in 2 yrs, coal hit hard

Back-to-back double-digit increases will vault British Columbia's (BC’s) international exports to the top of the growth charts over the next two years, despite the expectation that coal exports will decline by 12% in 2013, Export Development...

St Augustine Gold and Copper announces $11m private placement

Toronto-listed St Augustine Gold and Copper, which is developing the King-King copper/gold project, in the Philippines, on Thursday announced a private placement with Queensberry Mining and Development for $11-million. The private placement saw...

Critical alternative rare earths sources still not secured since China’s 2010 export restrictions

Following the global economic downturn of 2008/09 and a series of events and press reports in 2010 that coined what some referred to as the “rare-earth crisis,” there has been a glut of new rare earths projects starting out, yet few have...

Alcoa curtails Quebec production capacity, defers expansion

US-based aluminium producer Alcoa on Thursday said it would shutter two potlines with a combined capacity of about 105 000 t and push back construction of a new potline at its Baie-Comeau smelter, in Quebec, as part of a revised modernisation plan...

Consol Energy gets nod to restart production from Pennsylvania mine

US fossil-fuels producer Consol Energy on Thursday announced it had received regulatory approval to resume operations at the Blacksville No 2 mine, in Pennsylvania, which was evacuated on March 12, when smoke was detected exiting the Orndoff...