News

Mantra Resources Is On The Verge Of Opening Up A Whole New Uranium Province

How do you tell the world that you’re on the verge of opening up a new uranium district when you’re hidebound by reporting restrictions, and one of your managing directors actually sits on the Joint Ore Reserves Committee (JORC)?

Petra Says Goodbye BHP, Hello Opportunity

If anyone ever needed a demonstration that London likes its blue sky exploration backed by cash flow, the news that BHPBilliton has pulled the plug on its involvement in Petra Diamonds’ huge Alto Cuilo diamond prospect in Angola

Great Quest Metals May Find Its Kenieba Concession In Mali Is A Tempting Target For Ambitious Avion Resources

When Canadian-listed Nevsun decided in September last year that the end of the road had come for its Tabakoto producing gold mine in Mali as well as for its neighbouring Segala property, it gave as the main reason that Tabakoto

Pele Mountain Would Like To See The Price Of Uranium A Lot Higher By The End Of This Year

Patience is invaluable in the mining business, and Al Shefsky of Pele Mountain Resources has got it in spades. A brief trip back into history shows that his company was once involved in gold, diamonds, and nickel, but nothing

A Timely Focus On Iron Ore And Beneficiation Looks Like Generating Big Rewards For G4G Resources

“Primarily our aim is to be producing iron products”, says Peter Arendt, chief executive of G4G Resources, a Canadian junior that’s just emerging with a new identity after a series of corporate transactions towards the end of

India's IFFCO Signs Up For Legend International’s Lady Annie Phosphate Project

The Indian Farmers Fertiliser Cooperative Limited (IFFCO), the country's largest producer and seller of fertilizes, has entered into a long-term off-take and supply agreement with Australia’s Legend International Holdings. The

Love It Or Hate It, Norseman Gold Will Soon Be Producing Over 100,000 Ounces Per Year

Two problems hit Norseman Gold over the last twelve months, according to Barry Cahill, the company’s chief executive. The first was that the company’s Harlequin mine suffered dwindling output because it was run by a poor manager.

Kirkland Lake Gold Brings Shiny Lustre Back To A Tired Old Producer

It is an axiom of mining that “the old timers didn’t get all the gold”. In practice, most of them made a pretty good job of it, and it’s usually quite hard to find substantial new deposits in old mining camps. That, though, isn’t

Perseus Mining May Have Another Star In The Stable In Cote D’Ivoire

It is no easy task to keep one’s share price on the move when all the news is about rising gold resources and production is not expected until 2010 at the earliest. Mark Calderwood, managing director of Australian-listed Perseus

Adamus Resources Now Has The Winning Post Of Gold Production Firmly In Sight

Australian-listed Adamus Resources is well on its way to production at its South Ashanti Gold Project in Ghana, but investors don’t seem to have appreciated that fact as yet. Maybe that is because at one time the company seemed

Oklo Uranium Goes Tiger Hunting In Mali

What’s an aspiring Africa-focussed uranium exploration company to do if it can’t pick up ground in Namibia, the continent’s second most prolific uranium country, due to excessive staking and a new moratorium on pegging ground

Atlas Iron Is On The Verge Of Becoming A World Class Iron Ore Producer

Not many Minesite readers get a first hand opportunity to see the latest remarkable developments in the Australian iron ore industry for themselves. So Minesite’s Man in Oz has done it for you. Last Friday, as a guest of Atlas

That Was The Week That Was ... In London

It was a busy week for the mining sector in London. There were two significant new listings and widespread strength in share prices. The coal sector in particular was in favour. Among the majors, Rio Tinto (LSE: RIO), and BHP

That Was The Week That Was ... In Australia

Minews. Good morning Australia. How was your week?

Oz. Strong in parts, lacklustre in others. Iron ore stocks led the way up, again. Gold stocks were stronger, but coal, base metals and uranium stocks were mixed. The ASX metals

That Was The Week That Was … In Canada

Minews. Now over to our Canadian Correspondent to see how the Canadian Markets performed over the past week.

CC. It was all about first quarter earnings last week on the Canadian markets, and the gold producers lead the charge.

IMX Chief Counts Backwards From Christmas As Cairn Hill Moves Closer To Cash Flow

“I’m counting backwards from Christmas”. This isn’t an Australian attempt to re-write the famous Spike Milligan ditty from the Goon Show about “walking backwards for Christmas across the Irish Sea”. Rather it’s the challenge

Goldsource Mines Sparks Saskatchewan Coal Frenzy

It’s all a bit reminiscent of Diamond Field Resources’ discovery of the giant Voisey Bay nickel deposit in Labrador back in the 1990s, when the original target was diamonds. This time round, tiny Canadian-listed Goldsource Mines

After A Turbulent Ramp Up, Noventa Is On The Way To Becoming The Lowest Cost Tantalum Producer In The World

Zambezia province, up in north eastern Mozambique, is true tantalum country. The artisans and small operators who work the ground there do quite nicely, and now some bigger companies are getting in on the act too. “This year we

Orko Silver Could Be Onto A Company-Maker At La Preciosa

When we wrote about Canadian-listed Orko Silver towards the end of last year the suggestion was that the company was aiming to boost its resource estimate at its La Preciosa project in Mexico to 100 million ounces of silver, but

Toledo Mining Starts To Get Serious About Downstream Nickel Production

According to George Bujtor, chief executive of Toledo Mining, there’s six million tonnes of nickel laterite ore sitting in ports in China. That may be one reason why the nickel price has come off last year’s highs to the point