IC Potash sees C$40m cheque from Yara

TSX-listed IC Potash (ICP), developing the Ochoa project in New Mexico, will sell a 19.9% to Norway’s Yara International for about C$40-million, in what the Toronto-based company calls a “transformational” deal, which also involves 30% of...

Newcrest starts trading on TSX

Australia’s largest gold producer Newcrest Mining started share trading on the TSX overnight. “The TSX is one of the most active markets in the world for resource companies and particularly for gold producers. A secondary listing offers...

Strathmore gets investment for US uranium project from Korea

Uranium junior Strathmore Minerals said late on Tuesday it agreed to sell a 13.9% stake to Korea Electric Power Corporation for C$0.55 a share, or $8-million. The TSX-listed company said the agreement also included an off-take provision, without...

Company Announcement: Australian American Mining Corporation Limited Joins OTCQX

NEW YORK – January 12, 2012 – OTC Markets Group Inc. (OTCQX: OTCM the financial information and technology services company that provides the world's largest electronic marketplace for broker-dealers to trade unlisted stocks, announced that...

Company Announcement: Independent NI 43-101 finalised for Rio Puerco uranium project

The Directors of Australian-American Mining Corporation Limited are pleased to announce that an Independent NI 43-101 technical report for the company’s Rio Puerco uranium project located in Grants Mineral belt in New Mexico in the United States...

IC Potash prefeas outlines low cost operation at Ochoa

Toronto-based IC Potash on Tuesday announced the positive results of a prefeasibility study for its Ochoa project in New Mexico, which described an 843 000 t/y operation that will cost $706-million to build. The study gave Ochoa a $1.3-billion...

BHP Billiton reports strong iron-ore production growth

Mining giant BHP Billiton’s iron-ore production climbed 24% to 39.57-million tons in the September quarter, with shipments from its Western Australian operations hitting a record annualised rate. The miner, which is spending billions on...

IC Potash courts partners for New Mexico project

TSX-listed IC Potash is in talks with “quite a few” companies to partner on its Ochoa project in New Mexico, and hopes to have an agreement penned within the next 12 months, CEO Sidney Himmel told Mining Weekly Online. The company aim to...

BE dives after rare earths assay overstatement

Shares TSX V-listed BE Resources plummeted on Tuesday, after the company conceded “mathematical errors” had caused it to overstate drilling intercepts of rare earths at its Warm Springs project in New Mexico. The stock shed 64% of its value...

BE Resources says rare earths assay results contained 'mathematical errors'

TSX V-listed BE Resources (BER) on Monday said that the assay results it reported last week from its Warm Springs project in New Mexico contained “mathematical errors”, with some drill holes containing one-tenth of the grades it previously...

BHP posts record iron-ore output, metallurgical coal still recovering

The world’s largest diversified miner BHP Billiton on Wednesday posted record production across a range of commodities, including iron-ore, but its metallurgical coal output from flood-hit eastern Australia continues to be muted. Marius...

Chino mine, US

A Freeport-McMoRan-owned mine situated in the US.