Ridley Terminals agrees to ship Cardero’s Carbon Creek coal

The owner of British Columbia metallurgical coal deposit Carbon Creek, TSX-listed Cardero Resource Corp, on Tuesday reported it had reached an agreement with Ridley Terminals to ship 500 000 t of coal a year for 15 years. The agreement, which...

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-...

'When, not if' for $2 000/oz gold – Coxe

The rout in gold stocks in recent weeks has been “truly stunning”, with investors rushing out of them in a near-manic fashion, but BMO Financial Group strategy adviser Don Coxe continues to believe their fortunes will change. “When (not if)...

Japan trading houses target assets to meet catalyst demand

Japan's trading houses are targeting deals to secure platinum and palladium supplies to meet expected shortages later this decade, when tighter rules on auto pollutants and higher car sales boost demand for the metals used in autocatalysts....

Fraser Alexander celebrating 100 years of service to mining

South Africa’s Fraser Alexander, which has been providing customised solutions to the mining industry since 1912, this year celebrates 100 years of service to the resources sector. Fraser Alexander and his cousin Fred Alexander founded the...

Cliffs moves Canadian chromite project to feasibility stage

US diversified miner Cliffs Natural Resources on Wednesday said its board decided to proceed with a feasibility study for a $3.3-billion chromite mine in northern Ontario, adding it selected Sudbury to host a planned ferrochrome smelter. The...

Kinross profit drops 58%, Mauritania mine underperforming

Canada’s third-largest gold miner Kinross Gold on Tuesday reported a 58% year-on-year drop in net first-quarter earnings to $105.7-million, or 9c a share, as a result of one-off tax costs. A $110.3-million remeasurement of deferred tax...

Jaguar's strategic review ends with no sale, shares plummet 36%

Shares in Jaguar Mining dived 36% in Toronto on Tuesday after the Brazil-focused gold producer announced the strategic review process it embarked on in November failed to find a buyer for the company. Chinese State-owned Shandong Gold Group had...

Azimuth to start trading on TSX

The Toronto Stock Exchange has approved junior gold and uranium explorer Azimuth listing on the exchange. Shares were expected to start trading on the TSX on May 10.

US aluminum premiums soar to record above 10c/lb

Benchmark US Midwest spot aluminum premiums rose above 10c a pound for the first time as a persistently strong spread between cash and forward prices on the London Metal Exchange (LME) continued to tie up the metal in the warehouses. The...

Company Announcement: Ambre Energy Selects Ventyx Ellipse 8 in $2M Deal

Mining industry’s leading EAM and ERP solution to support thermal coal company’s rapid growth strategy

Company Announcement: South American Silver Corp. Announces Final Closing of $16 Million Financing with Asian based High Technology Groups

South American Silver Corp. is pleased to announce that it has closed the final tranche of $9.6 million, of its $16 million private placement Offering of 10 million Units of the Company announced 16 April 2012.