Trevali will start building Peru mine early 2011

Vancouver-based junior Trevali Resources, which debuted on the TSX on Thursday, plans to start construction on its Santander mine in Peru in the first quarter of 2011, with first production emerging from the mill later that year. Trevali has a...

Son of dead antimining activist in Canada lobbying for tougher laws

While Canadian lawmakers prepare to vote on the controversial C-300 Bill later this month, the son of a murdered Mexican mining activist has ended a week-long trip to Toronto and Ottawa seeking to bolster support for the bill. Jose Luis Abarca, a...

More offers could emerge for CIC Energy - analyst

TSX-listed CIC Energy, which was last week thrown into Canadian mining merger and acquisition frenzy with a bid from an unnamed Indian group, may become the target of a bidding war, Salman Partners analyst Mike Plaster said this week. CIC would...

Private equity firm offers to buy Baffinland Iron

Private equity vehicle Nunavut Iron Ore on Wednesday announced an offer to buy Canadian junior Baffinland Iron Mines for C$0,80 a share in cash, valuing the company at C$274-million. Baffinland rose 60% on the TSX on Wednesday morning, to trade...

Mandalay sees Cerro Bayo cash-flow positive from Jan 2011

Since taking over as CEO at TSX-listed Mandalay Resources a year ago, former Lonmin boss Brad Mills has overseen two snappy acquisitions, and has more up his sleeve. The company last month closed the buyout of the mothballed Cerro Bayo silver...

Nautilus says could start undersea mining in 2013

Construction for the world’s first deep-sea mining project, off the Papua New Guinea (PNG) coast could begin by year end with first production in early 2013, TSX- and Aim-listed Nautilus Minerals said on Tuesday. The company first aimed to sign...

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...

Baffinland Iron seeks partner for Nunavut project

TSX-listed Baffinland Iron Mines is hoping to secure a strategic partner for its $4,1-billion Mary River iron ore project within the next two to three months, chairperson and acting CEO Richard McCloskey said on Tuesday. Baffinland is looking to...

Compliance with ICC order 'in DRC's best interest' – FQM CEO

TSX- and LSE-listed First Quantum president Clive Newall said this week it would be in the Democratic Republic of Congo’s (DRC’s) “best interests” to comply with the International Chamber of Commerce (ICC) orders regarding the disputed...

Primero targets 20-25% higher output at San Dimas mine

TSX-listed Primero Mining, which changed its name from Mala Noche Resources this month, said on Thursday it hoped to boost production at the San Dimas gold and silver mine in Mexico by 20% to 25% in one- to-three years. “That’s just as a...

Rare earth junior wants 2015 output from Wyoming project

Vancouver-based Rare Element Resources (RER), which is studying a project in Wyoming, could be producing by 2015 if all goes according to plan, CFO Mark Brown said on Thursday. The TSX-V-listed company will complete a scoping study on the Bear...

First Quantum says DRC arbitration could take years

Vancouver-based First Quantum Minerals (FQM) expects its arbitration with the Democratic Republic of Congo (DRC) government over the rights to a copper mine could take years to resolve. Speaking on a conference call on Wednesday, FQM president...