Daily podcast – May 19, 2009

In today's podcast: any improvement in the economic environment could help to drive the price of platinum as high as $1 350/oz within the next six months; and Penoles lifts a declaration of force majeure following a strike that shut down its...

Multirope attachment sets supplied to Mexican mine

Capital equipment supplier Becker Mining Africa, a division of diversified engineering services provider Becker Group, has secured a contract with a Mexican coal, iron and copper mining group. The contract is for the supply of head and tail rope...

Excellon may raise C$7,5m in best-efforts placement

Excellon Resources has closed the first tranche of a C$7,5-million best efforts private placement, raising about C$2,92-million, the firm announced on Wednesday. In the initial tranche of the financing, Sprott Asset Management acquired...

Daily podcast – March 16, 2009

In today's podcast: Penoles declares force majeure at its MetMex precious metals refinery after a five week pay strike paralyses work; and the South Australian government plans to ramp-up efforts to promote the state's mining projects overseas.

Excellon seeks financing alternatives

TSX-listed Excellon Resources is working hard to reduce costs and conserve cash, as it believes that cashflow from operations “will not be sufficient to meet its objectives”, the firm said on Monday. Excellon owns the Platosa silver/lead/zinc...

Daily podcast – February 26, 2009

In today's podcast: the Democratic Republic of Congo officially confirms the validity and legality of Canadian explorer Banro's mining convention and mining licences in the country; and a strike that is forcing Mexico's Penoles to ship precious...

Silver miner Fresnillo lifts H1 profit 56%

The world's biggest primary silver producer, London-listed Fresnillo plc, posted net income for the first six months of this year of $141-million, an increase of 56% from a year earlier, after higher silver prices buoyed earnings. The company...

Silver Wheaton to buy half the silver produced at Aurcana's Mexico mine

Silver reseller Silver Wheaton has agreed to buy 50% of the silver produced at the La Negra mine, in Mexico, the company said on Tuesday. Vancouver-based junior Aurcana owns 80% of the mine, which was originally developed and operated for 30 years...

La Encantada mine, Mexico

An underground mine, situated in Mexico.