News

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.

Minews Story: March 06, 2010

That Was The Week That Was ... In Australia

Minews. Good morning Australia. It looks like you had a much happier week.

Oz. The stock market was certainly better. The cricket wasn’t. New Zealand gave us a lesson in how to win, and how to behave properly on the field, in

Minews Story: March 05, 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. There was a burst of new buying in the resources space, after a better than expected jobs report out of the

Minews Story: March 05, 2010

James Picton, Peerless Diamond Analyst

James, who was in his mid-sixties, died on February 11th from cancer. To us, at Minesite, he was always accessible and immensely helpful. Des Kilalea, of Royal Bank of Canada Europe, has written an affectionate account of James

Minews Story: March 04, 2010

Solomon Gold Has Reduced Its Exposure To Elephant Hunting In Favour Of Generating Cash Flow In Queensland

Nick Mather has been taking a very different Aim-listed Solomon Gold around London this week, with help from John Meyer’s team at Fairfax. Different, that is, from the company that was last here a couple of years ago. At that

Minews Story: March 04, 2010

Syndicated Metals Moves Ever Closer To A Production Decision On The Barbara Copper Project In Queensland

In the home stretch, with a mine in sight. That’s the point that’s been reached by Syndicated Metals, an emerging Australian copper miner now close to completing its hunt for sufficient ore to press the “go mining” button. Over

Minews Story: March 04, 2010

Soho Resources Is Close To Completing A Preliminary Economic Assessment On The Tahueheuto Gold Project In Mexico

“Last year was pretty difficult for us juniors”, says Ralph Shearing, chief executive of Soho Resources. Not many of his peers would disagree, though by the end of 2009 a lot of the blockages in the financial markets seemed to be

Minews Story: March 03, 2010

Batavia Mining’s Roper Bar Iron Ore Project In Northern Territory Looks A Simple, But Lucrative, Proposition

Iron ore prices are once again on the rise. Contract buyers now look likely to settle for something in the order US$121 per tonne, as against US$61 last year, as the spot market price gains ever-increasing influence as a major

Minews Story: March 03, 2010

Sandfire Sets Early 2012 As The Target Date For First Metal Production From Doolgunna

“The flag has dropped, let’s build a mine”. His metaphor might be slightly mad, but the message from Karl Simich is crystal clear. Sandfire Resources, the tear-away Australian copper and gold explorer he runs, has found enough