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North America
 
URANIUM

Macusani Yellowcake to acquire Azincourt’s neighbouring Peruvian properties

0 COMMENTS
Peru-focused uranium explorers Macusani Yellowcake and Azincourt Uranium on Friday announced that they had inked a nonbinding letter of intent under which Macusani could acquire all of Azincourt’s neighbouring uranium properties on the Macusani...
17th April 2014
 
 
MINING MARIJUANA

‘Zombie’ juniors betting high hopes on medical marijuana

0 COMMENTS
Failing resource juniors look to medical marijuana for a life line. During the last several months a group of entrepreneurial junior mineral explorers have floated the idea of broaching the fledgling medical marijuana industries of Canada and the US, keeping some of their penny stocks afloat amidst a moribund...
17th April 2014
 
 
GRAPHITE

Chinese flake graphite consolidation could alter global supply structure

0 COMMENTS
China has revealed plans to consolidate operations in the world’s most prolific flake graphite producing region – the Heilongjiang province, where most of the world’s battery raw material comes from – that could significantly alter the...
17th April 2014
 
 
HOSTILE OFFER

Proxy advisory recommends Augusta shareholders vote to keep 'poison pill'

0 COMMENTS
Conceptual Rosemont operations, Arizona. Global investment research and proxy advisory form Glass Lewis & Co has recommended that shareholders of copper project developer Augusta Resource Corp vote to keep the rights plan in place at the shareholders meeting on May 2. In its report,...
17th April 2014
 
 
GOLD

Perseus restarts Edikan

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Dual-listed gold miner Perseus Mining has restarted processing operations at its Edikan gold mine, in Ghana, seven days after a fire erupted at the plant. The fire started during scheduled maintenance and was brought under control within an hour....
17th April 2014
 
 
BASE METALS

350 Santa Rita workers on forced leave – Mirabela

0 COMMENTS
Embattled nickel miner Mirabela Nickel has warned that it would impose forced leave on around 350 staff at its Santa Rita mine, in Brazil, as it looked for funding to support ongoing operations at the mine. Mirabela, which went into voluntary...
17th April 2014
 
 
SKILLS DEVELOPMENT

Goldcorp donates $300k for new mineral resource engineering professorship

0 COMMENTS
Vancouver-based gold producer Goldcorp has donated $300 000 to Dalhousie University’s Mineral Resource Engineering programme to establish a new professorship that would increase teaching capacity, expand programme breadth and provide more...
16th April 2014
 
 
POTASH

Muskowekwan First Nation votes to approve on-reserve potash project

0 COMMENTS
Project developer Encanto Potash on Wednesday reported that the Muskowekwan First Nation (MFN) had voted with a strong majority in favour of continuing to develop the first producing potash mine on First Nation land – the MFN’s reserve,...
16th April 2014
 
 
GRAPHITE

Energizer completes Madagascar graphite project consolidation

0 COMMENTS
Madagascar-focused project developer Energizer Resources on Wednesday announced that it had concluded a transaction that consolidated its full ownership in its flagship Molo graphite project, in the country. Toronto-based Energizer bought the...
16th April 2014
 
 
URANIUM

Paladin receives $20m from escrow in Langer Heinrich sale

0 COMMENTS
TSX- and ASX-listed Paladin Energy on Wednesday said that conditions required to release the escrowed $20-million nonrefundable deposit in the $190-million sale of 25% of its Langer Heinrich uranium project, in Namibia, to China National Nuclear...
16th April 2014
 
 
CORPORATE ACTIVITY

Osisko ups the ante for Goldcorp with 'friendly' Yamana/Agnico Eagle deal

0 COMMENTS
Canadian Malartic, Quebec. In a move orchestrated to foil major miner Goldcorp’s C$3.6-billion hostile takeover bid for Quebec-based Osisko Mining, a second ‘white knight’ has stepped forward in a new, less convoluted deal, offering Osisko shareholders an 11% premium...
16th April 2014
 
 
PROJECT OPTIMISATION

Aldridge Minerals refines Turkish flagship project

0 COMMENTS
TSX-V-listed project developer Aldridge Minerals this week reported the results of an optimisation study for its Yenipazar polymetallic volcanogenic massive sulphides deposit in central Turkey. The optimisation study sought to update the April...
16th April 2014
 
 
 
 
 
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