Explorer’s share price soars 43% as ‘impressive’ resource estimate is unveiled

On the back of an impressive maiden resource estimate at its Glenover rare earths joint venture (JV) project, in Limpopo, shares in the AIM-quoted emerging exploration company Galileo Resources are up 42.47% to 52p.

Quaterra sees 41m lb/y copper mine at MacArthur

Vancouver-based Quaterra Resources on Wednesday announced the results of a scoping study at its MacArthur copper property in Nevada, outlining a potential 41-million-pound yearly operation coming at a capital cost of $232.7-million. The project...

Chamber optimistic for 2012, despite challenges of previous year

Chamber of Mines of Namibia GM Veston Malango is optimistic that Namibia’s mining sector will perform better in 2012 compared with last year, which saw the world review the safety of nuclear power stations and corresponding market reactions...

State-owned mining company, uranium miner reach agreement

ASX- and TSX-listed uranium development company Bannerman Resources has agreed to sell a 5% stake in its 80%-owned Namibian subsidiary, Bannerman Mining Resources Namibia (BMRN) to Namibian State-owned mining company Epangelo for about A$3.9-million.

Uranium resource increases sixfold

The resource base of ASX-listed exploration company Deep Yellow’s Tubas Red Sands (TRS) deposit, in the Tubas Palaeochannel, in Namibia, has increased almost six-fold from 4.9-million pounds.

Artillery Peak mine proves 'economically attractive', to cost $477m

TSX-V-listed American Manganese on Thursday reported that a preliminary feasibility study for the fully owned Artillery Peak manganese project in Mohave county, Arizona, had revealed an “economically attractive” financial model. The project...

Yellowcake to top $80/lb by ’14 – Forsys boss

Namibia-focused uranium junior Forsys Metals on Thursday said it was rapidly advancing studies to consolidate its Valencia and Namibplaas landholdings to potentially develop the world’s next significant uranium mine. The Toronto-, Frankfurt-...

US March brass mill imports, exports fall y-on-y

US imports of brass mill products eased 0.9% in March from a year earlier and exports fell 11.7% during that time, an industry group said. Imports of brass mill products in March slipped to 43.5-million pounds from 43.9-million pounds in the same...

Mercator Minerals posts $1.5m profit, Mineral Park improves

Base metals miner Mercator Minerals on Monday reported adjusted first-quarter earnings of $1.5-million, or nil a share, which was largely in line with analyst expectations of a loss of 1c a share. The TSX-listed copper, molybdenum and silver...

Lance in situ recovery uranium projects, Wyoming, US

The project envisages steady-state production of 2.19-million pounds a year of uranium oxide.

Australia government climbs out of the red with 2012/13 Budget

Australia's government delivered its promised surplus budget on Tuesday, scrapping planned tax breaks but offering more cash to its traditional supporters to deflect attention from scandals that threaten Prime Minister Julia Gillard's grip on...

Mercator cuts 2012 output forecast on lower ore grades

Canada's Mercator Minerals lowered its full-year production forecast for its flagship Mineral Park mine in Arizona, as it mined lower ore grades and mill throughput was impacted by the processing of the harder ore.