Antamina mine, Peru

A copper-zinc mine, situated in Peru.

Franco-Nevada promises wealth tomorrow from latest buy

Investors will have to wait years to benefit from Franco-Nevada’s latest purchase of Lumina Royalty for $66-million in shares and warrants, but CEO David Harquil told shareholders on Thursday it would be worth it. Lumina, a private company spun...

Encouraging drill results at Okohongo

Canadian mineral resource company INV Metals reports that results of the second phase of drilling, at its Kaoko property in north-western Namibia, confirm the potential of the Okohongo target.

Oz Minerals unveils $250m copper/gold acquisition

ASX-listed copper-miner Oz Minerals would pay $250-million for the Carrapateena copper/gold project, in South Australia, CEO Terry Burgess announced on Wednesday. The project is controlled by mining personality Rudy Gomez, which owns 58%....

Teck sees start of 'structural deficit' for zinc

Signs are emerging of a global shortage of zinc concentrates, as refining capacity increases at a faster rate than mine supply, Teck Metals market research manager Andy Roebuck said on Sunday. “We think this is the start of what's been...

Slope stability radars enhance safety

Slope stability radars (SSRs) from GroundProbe have been deployed by some of the largest mining companies and mine sites in Canada.

Stratex reports on Turkey copper/gold exploration

Recent drilling at the Muratdere project, in western Turkey, identified positive initial copper, gold, molybdenum, and rhenium intersections, Aim-listed Stratex International said on Thursday. CEO Bob Foster said that the development at...

Teck announces dividend

Vancouver-based Teck Resources will resume payment of dividends at an annual rate of C$0,40 a share, the company said on Thursday. Shares in the company jumped on the news, rising 3,31% on the day, to C$43,09 apiece, by 12:42 in Toronto. The...

NovaGold agrees to settle class action suits

Vancouver-based NovaGold Resources has entered into a memorandum of understanding to settle outstanding securities class action lawsuits in both the US and Canada, in which the company and certain directors and officers were named as defendants,...

19 mining firms commit to poverty reduction, Gold Fields to cut another 50 MW of power, more disposals this year by Anglo American

Nineteen mining companies, one of them China linked, last week agreed to use their combined influence to reduce poverty and foster development. Read on page 17 of this edition of Mining Weekly of all the large concerns being members of the...

Appeal filed against Teck's Red Dog water permit

A group of local tribal and environmental organizations, together with two nonprofit law firms, have appealed Alaska's approval of a water-discharge permit for an expansion at Teck Resource's Red Dog zinc mine, the company reported on Friday. The...

Debt paydown still top priority for Teck

Vancouver-based Teck Resources may find itself sitting a lot more comfortably than was the case six months or so, but CEO Don Lindsay made it clear on Thursday that he won't be happy until the company's term loan is paid down and it once again...