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Natural treasures of the Gold Rush countries

By: Jade Davenport     14th November 2014 A buzz of excitement swept through the historic gold mining state of California, US, at the end of October, when a recently discovered 75 oz gold nugget was put on show and sold for about $400 000. According to the San Francisco Chronicle, the rare clump of gold, which has been christened the... 

Molycorp stock slides on disappointing earnings

By: Henry Lazenby     6th November 2014 US rare earths producer Molycorp’s NYSE-listed stock on Wednesday slid more than 19% in after-market trading following the publication of disappointing third-quarter results. Greenwood Village, Colorado-based Molycorp reported a net loss of $105.2-million, or $0.47 a share, for the three months... 

Drilling services provider secures NGL contract

     17th October 2014 Integrated exploration drilling services, equipment and performance tooling provider Boart Longyear was awarded a contract in August this year for drilling services at the renewable energy company Magnum’s Natural Gas Liquids (NGLs) Storage project at the Western Energy Hub, in Utah, in the US.... 

Nambia Rare Earths appoints Surratt as VP

By: Natalie Greve     7th October 2014 Toronto-listed Namibia Rare Earths has appointed former Mobil Corporation director Richard Surratt as VP of corporate development and strategic initiatives. Surratt has held several senior management positions with various public and private companies over the last 25 years, after having received... 

Next generation of graphite producers to partake in transformed market

By: Henry Lazenby     22nd August 2014 A wave of new graphite producers that have recently started or will start production in the coming years will participate in a significantly different market than that witnessed over the last several decades, as new technology is set to turn the status quo on its head. Independent consultant in... 

Eco Oro completes water treatment plant at Colombia flagship

By: Henry Lazenby     5th August 2014 Colombia-focused project promoter Eco Oro Minerals has completed the construction of a new wastewater treatment plant at its flagship Angostura project. Designed and built by companies from Bucaramanga and the region of California, the treatment plant provides integrated industrial wastewater... 

Potential in Peru phosphate deposit

     25th July 2014 California-based phosphate explorer Focus Ventures in January signed a formal option agreement for the acquisition of shares in Juan Paulo Quay (JPQ), the titleholders of the Bayovar 12 nonmetallic mining concession, in Peru. The concession has the potential to host a large sedimentary phosphate... 

US miner receives $500 000 investment

     25th July 2014 California-based mining company Brazil Minerals (BMIX) announced in May that it received $500 000 when it sold Gemological Institute of America- (GIA-) graded diamonds, common stock and two-year options to four investors. The GIA-graded diamonds will be delivered over time until December 2015.... 

Tyhee Gold to buy majority stake in Sutter Gold

By: Henry Lazenby     5th July 2014 TSX-listed Tyhee Gold on Friday announced that it had struck a deal with RMB Australia and TSX-V-listed Sutter Gold Mining to acquire the shares of Sutter currently held by RMB and its affiliates. Vancouver-based Tyhee said subject to certain conditions, it would also acquire all of the Sutter... 

US soda ash producers aim to capture more market share with cleaner footprint

By: Henry Lazenby     26th June 2014 The US soda ash industry is an export success story, with the export market being critical for growing the industry in the face of a stagnant domestic market. Soda ash, or sodium carbonate, which was first used by the Egyptians to make glass containers from trona ore and by the early Romans as an... 

Coal miner warns power-plant rules could place US economy at risk

By: Henry Lazenby     20th June 2014 US coal producer Arch Coal has joined the fray in commenting on the US Environmental Protection Agency's (EPA’s) proposed greenhouse-gas (GHG) regulations announced in early June, saying the plan for regulating GHG would place the entire US economy at serious risk. 

Giyani Gold secures C$25m for potential strategic acquisitions

By: Henry Lazenby     11th June 2014 Canadian explorer Giyani Gold on Wednesday reported that a private placement with California-based Lambert Private Equity had secured C$25-million to better equip the company to act on potential merger and acquisition opportunities. The Oakville, Ontario-based firm, which is listed on the TSX-V,... 

EPA greenhouse regulations to place US economy at risk – Arch Coal

By: Henry Lazenby     9th June 2014 US coal producer Arch Coal on Monday joined the fray in commenting on the US Environmental Protection Agency's (EPA’s) proposed greenhouse-gas (GHG) regulations announced a week ago, saying the plan for regulating GHG would place the entire US economy at serious risk. The NYSE-listed coal... 

Grid storage solutions could soon become multibillion-dollar industry

By: Henry Lazenby     29th May 2014 The burgeoning North American grid energy storage market could develop into a multibillion-dollar industry in a matter of a few years, with several companies positioning themselves to vie for the handful of first-mover clients. One company potentially leading the fray is Vancouver-based American... 

Mark Brune

By: Chantelle Kotze     25th April 2014 Main Activity of the Company: Gold extraction from hard rock opencast mining and hydraulic tailings mining, as well as recently recommissioned historic underground shafts Date and Place of Birth: July 12, 1965, California, USA Education: BA Business Administration, Auburn University, USA; MBA... 

Klondex strikes toll milling agreement with French Gulch Nevada Mining

By: Henry Lazenby     23rd April 2014 TSX-listed Klondex Mines on Wednesday announced that it had struck a toll milling agreement with French Gulch Nevada Mining to process gravity concentrates produced from the Washington mine at Klondex's Midas mill. Under terms of the one-year accord that had already taken effect last week,... 

Frank Gregory

By: Martin Creamer     11th April 2014 Main Activity of the Company: An independent and privately owned firm providing ‘one-stop’ technical advisory services to the mining industry across the globe with particular emphasis on geology and mineral resources, mining engineering, process engineering and techno-economic modeling. Services... 

New Gold finishes 2013 strongly, reports 127% rise in gold reserves per share

By: Henry Lazenby     7th February 2014 TSX- and NYSE-listed New Gold on Thursday reported that it had finished 2013 with a strong performance from its four operations, adding that it had lifted its gold reserves per share by 127%. During the three months ended December 31, Vancouver-based New Gold reported consolidated output of 106... 

Rare snail could impact on Golden Queen’s California flagship

By: Henry Lazenby     3rd February 2014 An emergency petition filed with the United States Fish and Wildlife Service (USFWS) could potentially have a negative impact on TSX-listed Golden Queen Mining’s flagship Soledad Mountain precious metals project, in California. The Vancouver-based firm on Monday said that the Centre for... 

“There’s Gold in Them There ……Stars!”

     7th January 2014 This may be a play on a quote to encourage the original gold rush miners in Georgia in the 19th century not to head off for the gold mining opportunities in California, but there is definitely some truth in it with the latest developments in the industry looking to the stars to source untapped... 

Rio appoints Lilleyman as new T&I group exec

By: Esmarie Swanepoel     10th December 2013 Diversified miner Rio Tinto has appointed Greg Lilleyman the new group executive for technology and innovation (T&I), taking over from Preston Chiaro, who retires at the end of March 2014. Lilleyman’s appointment would become effective from January 2014. 

Largest Known Rare Earth Mineral Deposit Discovered

     4th December 2013 SRE Minerals Limited announces the results of exploration and studies in collaboration with the Korea Natural Resources Trading Corporation of the Democratic People’s Republic of Korea SRE Minerals Limited (“SRE” or “the company”) announced today their joint venture agreement with the Korea... 

South Africa’s mining sector a ‘sunrise industry’ – Motlanthe

By: Henry Lazenby     27th November 2013 Despite some of South Africa’s mining sector critics pointing out the negatives, South African Deputy President Kgalema Motlanthe, who is on an official State visit to Canada, on Tuesday conversely endeavoured to lift out the positives, saying a lot of progress had been made in transforming the... 

Atna Resources swings to Q3 loss

By: Henry Lazenby     11th November 2013 TSX-listed Atna Resources on Monday reported a net loss of $1.2-million, or $0.01 a share, compared with profit of $147 200 oz, or $0.01 a share, in the same quarter of 2012, mainly owing to interest expense and a realised loss on derivatives. For the three months ended September 30, the Golden,... 

Molycorp widens loss, sees a flicker of market improvement

By: Henry Lazenby     8th November 2013 North America’s only rare earth elements producer Molycorp, which operates its flagship Mountain Pass mine, in California, had widened its third-quarter loss as revenue dwindled year-on-year on lower sales and prices. For the three months ended September 30, Molycorp reported a loss of... 

New Gold achieves historic lowest-cost quarter

By: Henry Lazenby     21st October 2013 Intermediate gold miner New Gold has achieved its lowest-cost quarter yet, with all-inclusive sustaining cash costs over all four its operations touching $779/oz of gold, which was down 10% when compared with the same three months ended September 30, a year earlier. The TSX- and NYSE-listed... 

Molycorp warns market of possible negative Q3 cash flow, shares dive

By: Henry Lazenby     15th October 2013 US-based rare-earth elements producer Molycorp on Tuesday warned that its expected third-quarter cash-flow requirements might be insufficient to meet its capital expansion and operating expenditures at its flagship Mountain Pass mine, in California, prompting it to announce a $200-million stock... 

Friedland talks up platinum, the creation of a ‘Platinum Valley’ in Limpopo

By: Henry Lazenby     11th October 2013 Outspoken financier and mining guru Robert Friedland is poised to make history in South Africa, as he envisions the creation of a ‘Platinum Valley’ in the platinum-rich Limpopo province that would be synonymous to hydrogen fuel cell manufacturing, as California’s Silicon Valley is to technology.... 

Waste-stripping programme pays off as Atna Resources lifts Q3 output

By: Henry Lazenby     10th October 2013 A waste stripping programme at TSX-listed Atna Resources’ Briggs mine, in California, has enabled the company to lift third-quarter gold output 45% over the previous quarter. The company on Thursday reported gold recovery for the three months ended September 30 had increased to 9 957 oz. 

Molycorp shares jump as it completes chloralkali plant

By: Henry Lazenby     2nd October 2013 The NYSE-listed shares of North American rare earths producer Molycorp jumped 13%on Wednesday morning after the company announced that construction of its chloralkali plant at its flagship Mountain Pass operation, in California, is complete. The chloralkali plant would recycle wastewater and... 

Rare earths producers on the up as China is likely to buy next month

By: Henry Lazenby     24th September 2013 The stocks of North American rare-earth elements companies rose on Tuesday on overnight news that China was indeed likely to start buying billions of yuan rare earth minerals next month to bolster its strategic reserves. Around noon, the NYSE-listed stock of Molycorp was up $0.58 to $7.77... 

Company Announcement: GeoForum, Africa’s premier geological exchange takes place at the Turbine Hall in Newtown

By: Creamer Media Reporter      24th June 2013 This conference provides a platform for those involved in the geosciences to interact and share information on commodity explorations, developments in current mineral deposits and gain additional insight in Geoscience techniques from both academic and industry points of view. The geological... 

Freeport-McMoRan completes three-way business combination

By: Henry Lazenby     3rd June 2013 US miner Freeport-McMoRan Copper & Gold on Monday said it had completed the final step of its $19-billion takeover of both Plains Exploration & Production (PXP), which closed on Friday and McMoRan Exploration (MMR), which closed on Monday. NYSE-listed Freeport said the transactions added a... 

Alternative rare earths remain elusive three years after curbs

By: Henry Lazenby     17th May 2013 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 progressed up the value curve, and rare earths supplies in... 

Critical alternative rare earths sources remain elusive well after 2010 curbs 

By: Henry Lazenby     17th May 2013 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 progressed up the value curve, and rare earths supplies in... 

Arizona Superior Court dismisses environmental lawsuit

By: Henry Lazenby     19th April 2013 Toronto-listed Curis Resources on Friday said the Maricopa County Superior Court, in Arizona, had dismissed a lawsuit brought against Curis and the Arizona Department of Environmental Quality (ADEQ), challenging the validity of regulations governing individual aquifer protection permits (APPs).... 

World’s largest Caterpillar dealer turns 80

By: Henry Lazenby     23rd January 2013 This year Canadian mining equipment merchant and the world’s largest Caterpillar dealer Finning International celebrates its eightieth anniversary. On January 4, 1933, Earl B Finning used his experience in selling heavy equipment to become British Columbia’s (BC’s) first Caterpillar dealer. He... 

Gold in the Land Down Under

     18th January 2013 At the very height of the Californian Gold Rush it is estimated that of the 300,000 fortune hunters that flocked to the west coast of North America about one percent came from the British colony of New South Wales. Among such adventurers was a man by the name of Edward Hargraves. 

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