Ursa Major to ship 199 000 t of ore this year

TSX-listed Ursa Major Minerals expects to produce 199 000 t of ore from its Shakespeare nickel/copper mine in the 12 months ended January 31, 2012, the company said on Monday. Ursa, which sends its ore to Xstrata for processing at the bigger...

Inmet says repealling Panama law won't affect project development

Shares in Inmet Mining fell 4,8% after the company said that the government of Panama will repeal recently enacted legislation that modified the country's mineral resources code. Inmet said the move should not negatively affect its ability to...

Ursa Major Minerals hires adviser to assess potential deals, financing

TSX-listed Ursa Major Minerals has hired Raymond James as its strategic advisor, to help evaluate “strategic merger and acquisition opportunities”. Raymond James will assist in evaluating development and financing options for Ursa's flagship...

First Quantum rises after updating projects, growth plans

Shares in Canada's second-biggest publicly traded copper producer, First Quantum Minerals, rose 6,8% on Wednesday, a day after the firm published an update on its expansion and development projects, including plans for a new 250 000 t/y mine in...

Candente unveils early numbers for Peru copper project, shares jump

Shares in Vancouver-based Candente Copper Corp rose 18,3% on Tuesday, after the company published a pre-feasibility progress report on its Canariaco Norte copper project, in Northern Peru. The mine could produce 262-million pounds of copper, 39...

Cheers all round for new Canadian copper heavyweight

Analysts and investors on Thursday welcomed the announcement that Canadian base-metals miners Inmet Mining and Lundin Mining will merge, creating a new Canadian copper producer worth at least C$9-billion. Both companies have mines in Europe, and...

Mining M&A seen strong, increasingly competitive this year

Merger and acquisition (M&A) activity in the North American mining sector will continue strong this year and could exceed the levels seen in 2010, insiders said, amid record prices and surging demand for metals and minerals. Increasing...

Time ticking on offers for Baffinland

There’s no doubt the Baffinland Iron Mines board has cosied up to ArcelorMittal’s raised bid – it put in place another shareholder rights plan and lifted the break fee – and analysts seem to be sweet on it too. Analysts at Raymond James...

'When rather than if' for new West Coast coal port

A new coal-export port facility on the US West Coast is "absolutely more than a pipedream", Cloud Peak Energy CEO Colin Marshall said on Thursday. Cloud Peak produces coal from three big surface coal mines in the Powder River Basin, and would...

Baja announces C$160m offering

Vancouver-based Baja Mining plans to raise about C$160-million in a bought-deal offering of shares, to cover the equity portion of the financing package for its flagship Boleo copper/cobalt/zinc project in Mexico, in Mexico. A syndicate of...

Mine Waste Solutions tailings recovery project, South Africa

Mine Waste Solutions consists of 14 tailings deposits from three gold and uranium mines. The expansion of the operation is taking place in three phases.

Orezone completes C$10m financing

TSX-listed explorer Orezone Gold has raised C$10-million before expenses in an equity financing, the firm reported on Tuesday. Orezone sold 13,34-million shares, at C$0,75 apiece, to an underwriting syndicate led by Canaccord Financial and CIBC...