Mexico gold output seen topping 100 t/y by ’17 on hefty new discoveries

Better known as the world’s biggest silver producer, Mexico may soon deliver the next ‘mega’ gold deposits, with explorers Newstrike Capital and Westridge Resources reporting significant resources at their targets. The North American state...

Northland raises $40m inflation buffer for Swedish project

Northland Resources, building an iron-ore mine in Sweden, said on Thursday it signed a $40-million cost over-run loan with South Africa’s Standard Bank. The TSX- and Oslo-listed company aims to start producing the steelmaking ingredient at its...

Company Announcement: October sets new record for iron ore swap volumes, as spot prices collapse

The volume of iron ore swap contracts cleared in October surged to another all-time high, smashing the previous record set in August.

Northland envisages estimated $1bn railway for Swedish iron mine

Northland Resources, which is building a five-million-ton-a-year iron-ore mine in north-eastern Sweden, will negotiate with the country’s government for the potential construction of a 150-km railway line, linking the Kaunisvaara mine with an...

West African country signs up to transparency initiative to encourage foreign mining investment

The French-speaking West African state of Togo is hoping that its decision to join the Extractive Industries Transparency Initiative (EITI) will encourage foreign investment in the country’s mining sector. “By expressing its intention to be a...

Company Announcement: Tertiary Minerals Acquires Rights To Second Important Fluorspar Deposit In Europe

Attached please find a press release on: In pursuit of its plans to become a dominant supplier of fluorspar in Europe, Tertiary Minerals plc (“Tertiary” or “the Company”) is pleased to announce that it has been granted exploration rights...

Arctic Circle opencast iron-ore mine reopens in Norway

The Sydvaranger opencast iron-ore mine, at the northern tip of Norway, 400 km north of the Arctic Circle, was reopened after 14 years out of service. This is the first new iron-ore mining operation to be launched in Europe in the twenty-first...

Severstal to make offer for Crew, Endeavour boosts own stake

Russia's Severstal has increased its holding in London-based Crew Gold to 26,59%, and plans to make an offer for the remaining shares in the company, it announced on Thursday. Crew's main asset is its Lefa gold mine, in Guinea. The company is...

Northland studies Finnish iron-ore project, CEO resigns

Scandinavia-focused Northland Resources has launched a preliminary economic assessment on its Hannukainen project, in northern Finland, the company reported on Monday. The firm plans to complete the study by the second quarter of 2010, and has...

London Mining to list on Aim next month

Africa-focused mineral developer London Mining on Friday reported that its listing on the Aim was expected to take place during November. However, the Oslo-listed would not be seeking to raise any new funds upon admission to the London bourse.

Avocet to buy Wega for $108m

Aim-listed gold-mining company Avocet Mining would acquire Oslo-listed gold exploration company Wega Mining ASA in a $108-million shares and debt transaction, in order to create a midtier miner with a production capacity of almost 300 000 oz/y....

Wega Mining received approaches on possible deal

Oslo-based Wega Mining has been approached by several “industrial mining companies” and has begun talks with these firms on potential transactions, it revealed on Thursday. “These alternatives may entail a sale of parts of, or all of the...