MagIndustries says gets nod for Mengo potash project

MagIndustries Corp said it has received confirmation from the Republic of Congo that the country's National Assembly and the Senate have ratified the Canadian company's proposed Mengo potash project. The company said it has received verbal...

Lundin amends, extends credit facility

Canadian base-metals miner Lundin Mining has amended and restated a credit agreement to increase the amount of the revolving credit facility, lower the cost of borrowing and extend the term of the facility, the firm said on Thursday. The...

Anatolia Minerals targets 400 000 oz/y by 2014

Colorado-based Anatolia Minerals is hoping to grow production at its Çöpler gold project in Turkey to 400 000 oz/y by 2014, CEO Edward Dowling said on Thursday. The company will produce the first gold by the end of the year, building up to an...

Saskatchewan commissions review on Potash Corp, mulls options

The government of Saskatchewan has hired the Conference Board of Canada for an independent analysis of a proposed takeover of Potash Corporation of Saskatchewan, as it mulls the implications of a $40-billion hostile offer for the group....

Cheaper mining methods could increase Diavik resource

The owners of the Diavik diamond mine, in Canada's Northwest Territories, are studying possible changes to underground mining methods which have the potential to lower costs and could result in a future extension of the mineral resource estimate,...

Canadian mining CEO bonuses jump past 2008, 2009 levels

Bonus payments to Canadian mining CEOs have increased to an average of 88% of base salaries this year, compared with 61% in 2009, according to a report published on Thursday. Bonus levels, which took a knock during the weaker commodities market...

China digs for ways to stymie BHP's Potash Corp bid

China is stepping up attempts to hamper BHP Billiton's $39 billion hostile offer for Potash Corp, amid worries about future supplies of fertiliser it needs to rapidly boost food production. China's state-run Sinochem has hired HSBC to advise it...

Economic outlook optimism sends copper to 4-mth high

Copper rose to its highest in more than four months on Thursday as recent macroeconomic data from the world's two largest economies, the United States and China, brightened the outlook for metals demand. Following Wednesday's manufacturing data...