News

Minews Story: March 15, 2010

Firestone Diamonds Is Just A Few Months Away From Generating Its First Cashflow From Kimberlite Mining

In many ways it’s been a remarkably short journey. Just three years on from its initial acquisition, Firestone Diamonds is on the cusp of breaking first rock at its BK11 kimberlite diamond project. When it hits full production,

Minews Story: March 15, 2010

Canaco Is Opening Up A New Gold District In Tanzania, And At A Very Propitious Time

It’s a good time to be doing an update of Canaco Resources now that Tanzania seems to have climbed to the top of the most popular gold destinations in Africa after Barrick announced that it was floating off African Barrick Gold.

Minews Story: March 13, 2010

That Was The Week That Was ... In London

In London it was a slow sideways week for the miners, though the sector managed to hold onto the previous week's spectacular gains. The FTSE 100 miners gained an average of 0.4 per cent whereas the mid and small cap companies

Minews Story: March 13, 2010

That Was The Week That Was ... In Australia

Minews. Good morning Australia. How did your market perform last week?

Oz. In a word, oddly. If you’d looked only at the major indices you might have suspected that not much happened. The metals index rose by 1.2 per cent, the

Minews Story: March 13, 2010

That Was The Week That Was … In Canada

Minews. Now, over to our Canadian Correspondent for a look at how the Canadian markets performed over the past week.

CC. It was a bit of a rough week for the gold miners, but a friendly takeover offer for a small junior

Minews Story: March 11, 2010

Azumah’s Wa Project In Ghana Has Multi-Million Ounce Potential

Recent drilling results from Azumah have given managing director Stephen Stone yet more encouragement as the company accelerates work on its feasibility study on the Wa gold project in Ghana. There’s currently just over 754,000

Minews Story: March 11, 2010

Norseman Gold Has A Bright Future Ahead Of It, Despite The Current Setback To Production

The share price of Aim and ASX-listed Norseman Gold has taken a bit of a hammering of late, falling from 70p in November down to below 40p now. This response is predictable as investors find it hard to accept the swings and

Minews Story: March 11, 2010

Speculation About Colombian And Indonesian Gold Projects Kept The Rumour Mills Turning At This Year’s PDAC

If the annual Cordilleran Round-Up Conference held in Vancouver in January focused on the recent exploration successes in Canada’s Yukon Territory, the now concluded Prospectors and Developers Association of Canada Conference in

Minews Story: March 11, 2010

Karelian Diamonds Steps Up The Pace On Its Finnish Diamond Properties

The world’s diamond miners and explorers got the fright of their lives as the global financial crisis decimated markets and prices in 2008 and 2009. The gloom and doom was, for a while, all pervasive, as De Beers cut back, Alrosa

Minews Story: March 10, 2010

Ariana Expects To Start Plant Construction At Red Rabbit Next Year, And Will Then Go Back To Elephant Hunting

When we last wrote about Turkish explorer and gold producer Ariana Resources, the elephant in the room was the question as to how the joint venture with European Goldfields was likely to progress, following the departure of chief

Minews Story: March 10, 2010

Silver Lake Looks Right At Home In The S&P 300, As It Looks To Bring A Second Gold Project Up Towards A Production Decision

If it worked well the first time, why not do it again? That could be the motto of Silver Lake Resources, now established as one of the most successful Australian gold miners of the past decade, and which currently looks to be on

Minews Story: March 10, 2010

VANE Minerals Delivers A Maiden Resource On Its Wate Uranium Project In Arizona

After a slightly extended wait, VANE Minerals has finally delivered a maiden 43-101 resource number on the Wate breccia pipe in Arizona, jointly owned with Uranium One. Work undertaken by SRK shows Wate to contain an inferred

Minews Story: March 10, 2010

Conroy Moves To A Scoping Study At Clontibret, As The Nearby Clay Lake Target Starts To Show Real Promise

“There was quite a buzz about”, says Professor Conroy, fresh of the plane from a successful PDAC. “Toronto”, he elaborates, “is very much the centre of the mining world”. Out there, he says, people make a point of commenting when

Minews Story: March 09, 2010

Beowulf Gets Down To Some Serious Work On The Economics Of Its Swedish Iron Ore Projects

The speculation about the future iron ore price goes on. No sooner has no less an institution that Nomura put out a note saying that it expects iron ore prices to increase by 70 per cent, than analysts across town bid the rise up

Minews Story: March 09, 2010

Apollo Minerals Will Deliver A JORC Resource And A Scoping Study For The Mt Oscar Iron Ore Project Later This Year

There has been a bit of a gap in our coverage of Apollo Minerals. This was not because there was nothing going on, but because the then chief operating officer Richard Sealy delayed matters towards the end of last year, as he was

Minews Story: March 09, 2010

Forte Energy Continues To Hit The Grades On Its Mauritanian Uranium Prospects

Mark Reilly has moved to London. This news may not yet have made it into the society pages of the Evening Standard or the Telegraph, but it is certainly good news for London-based investors in Forte Energy, the company that’s

Minews Story: March 09, 2010

Party Like It’s 2007: At The 2010 PDAC

Individuals that make their living in the mineral resource sector are well aware of the dramatic volatility that comes with the run-of-the-mill commodity cycle. So, in theory the quick bounce back from the 2008-2009 commodity

Minews Story: March 08, 2010

Kenmare Raises £180 Million At A Heavy Discount For Expansion At The Moma Titanium Project In Mozambique

The markets knocked around 40 per cent off the value of Kenmare's share price at the end of last week, and not without reason. The discount on the company's latest fundraising was on the severe side - yep, you guessed it, of the

Minews Story: March 08, 2010

Elemental Minerals Could Be Sitting On A Company-Making Potash Deposit In Congo-Brazzaville

Before we get too deeply into the details of ASX-listed Elemental Minerals and its operations at the Sintoukola potash project in the Republic of Congo, one thing has to be made quite clear. The Republic of Congo is NOT the

Minews Story: March 06, 2010

That Was The Week That Was … In London

London's miners enjoyed their best week in terms of stock performance since the start of the year. The FTSE 100 miners gained an average of 10.8 per cent, while the mid and small cap companies ended up 6.5 per cent.