Minews Story: March 20, 2010

That Was The Week That Was … In London

In London it was for the most part a sideways week for the miners, though the FTSE 100 stocks ended down by an average of 1.5 per cent after a late selloff. In contrast, the mid and smaller cap companies moved in the opposite

Minews Story: March 20, 2010

That Was The Week That Was ... In Australia

Minews. Good morning Australia. It looks like your market was slightly stronger last week.

Oz. ‘Slightly’ is correct, if you look at the indices, but this week it was a two-speed event. The big miners, BHP Billiton (BHP) and Rio

Minews Story: March 19, 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 notable lack of conviction from both the buy side and the sell side, with the resource-rich

Minews Story: March 19, 2010

Alrosa Is Now Producing More Diamonds Than De Beers

Russia's dominant diamond miner, state-owned Alrosa, has grabbed the crown from De Beers as the world's largest diamond producer by output, and the most profitable one, too.

Minews Story: March 18, 2010

Mercator Gold Bounces Back To Life With A Series Of Subtle Deals

Mercator Gold had an unhappy 2008 at Meekatharra, when there was a margin call on its gold hedge and it could not deliver the bullion, as production had been suspended. One thing Patrick Harford, the managing director, made

Minews Story: March 18, 2010

Goldplat’s Transformation From Gold Processor To Fully Fledged Miner Begins To Gather Momentum

Junior gold producer Goldplat is trading at an 80 per cent discount to its after-tax net present value, according to house broker WH Ireland. Alright, the company’s own broker is bound to take a reasonably rosy view of things,

Minews Story: March 18, 2010

A Re-Invigorated Woulfe Mining Starts To Make Progress On One Of The Most Renowned Tungsten Assets In The World

Oriental Metals, as was, had its fair share of problems. Didn’t we all, as the credit crunch hit? But new boss Brian Wesson comes straight to the point when he rings up Minesite to describe recent progress at the now re-named,

Minews Story: March 17, 2010

Manhattan Corporation Is On The Hunt For Uranium Deals, In Australia, And In The World At Large

Manhattan Corporation has two key items on its agenda for the remainder of the year: to expand the resource base on its existing uranium projects, and, separately, to acquire a new, advanced uranium operation. Drilling on

Minews Story: March 17, 2010

Kootenay Gold Joins Forces With Alberta Star in The Battle For Control Of The Sunshine Mine, One Of The World’s Largest Producers Of Silver

In his round-up on events in the Canadian mining sector last week, our Canadian Correspondent mentioned that Kootenay Gold had elected to team up with Alberta Star Development to jointly bid for bankrupt Sterling Mining, the

Minews Story: March 17, 2010

West Africa Elbows Its Way Into The Spotlight At The Paydirt 2010 Australian Gold Conference

Being a prophet in your own country has always been a bit of a burden, a fact that was first mentioned in The Bible, and which has been illustrated most recently by the swathe of Australian gold miners trying to convince

Minews Story: March 17, 2010

The Balance Of Avocet Mining’s Business Is Gradually Tipping Westwards

In a way, Avocet’s latest set of financial results, for the nine months to 31st December 2009, represent the final set of accounts to come out of the old Avocet, as it was before it took on a whole new venture in a whole new part

Minews Story: March 16, 2010

It’s Been Slow Going For Independence At Tropicana Recently, But Get Ready For A Boost Later In The Year

Sometime in the future an academic will find the answer to one of life’s more curious questions: why do South Africans succeed at an individual level when they migrate to Australia, while South African companies generally fail?

Minews Story: March 16, 2010

Rambler Is Now Just A Year Away From First Production At Its Ming Copper-Gold Project In Newfoundland And Labrador

“Things are going well”, says Rambler’s George Ogilvie. It’s certainly hard to take issue with him. The copper price is firming up, the gold price remains as strong as ever, the company’s Ming mine in Canada is now just a year

Minews Story: March 16, 2010

African Eagle's Dutwa Nickel Laterite Project Is Generating Plenty Of Interest Amongst Potential Development Partners

African Eagle managing director Mark Parker sounds in a reasonably confident frame of mind when he picks up the phone for a quick chat about progress at his company’s flagship Dutwa nickel laterite project in Tanzania. It’s not

Minews Story: March 16, 2010

The Presenters At Our March Minesite Forum Played To A Packed House, As London's Investors Continue To Seek Out New Opportunities

With Indaba and PDAC now done and dusted it’d be fair to say that the mining year 2010 is now in full swing. And while it might perhaps be stretching the bounds of credibility to say that after those two great shindigs, the one