News

Diamonds Aren’t Forever, At Least Not Today

Who’d be in diamonds right now? Martin Rappaport’s weekly diamond industry newswire continues to report weakening consumer demand from across the board in the US retail market, and there’s no doubt whatsoever that that weakened

Geologix Highlights The Full Paradox Of These Markets As Drilling Success Becomes A Potentially Fatal Weakness

Mining deals come in all shapes and sizes. And when negotiations have been completed it is often hard to know who has got the better end of the trade. One cliché holds that the best deals are ones in which both parties feel

Grafton Resource Investments Attempts To Unclog Illiquidity In Junior Mining Stocks

One swallow doesn’t make a summer, but it is very encouraging to see a new mining fund appear which is expressly intended to unclog markets for junior mining companies. Grafton Resource Investments will follow the business model

Albidon Has Some Tough Decisions To Make In The Face Of The Horror Of $4 Nickel

“We’ve got a good asset, and we intend to preserve it.” Fighting words from Paul Chapman, one of the new men in charge at Albidon, the Australian-based nickel miner doing it tough in Zambia. Chapman took a share of the reins

Day Two At Mines And Money: The Crowds Leave Early As Patience Wears A Little Thin, But Deals Did Get Done, And Some People Left Smiling

By late afternoon on the second day of the Mines and Money conference the crowds had worn a little thin. Paradoxically many of the conference’s more pessimistic delegates stuck around till the end, just so they could watch the

Broken Down Washing Machine Wipes $8 Million Off The Value Of Adamus Resources

In Chicago, the board of trade has its VIX index to measure volatility - or fear - in the market. In Australia, they’ve invented the “washing machine index” to measure stock market instability. Well, no, actually they haven’t.

Day One At Mines And Money: Not Too Much Money In Evidence, But A Refreshing Lack Of Gloom Too

They came, they saw, and they had mixed opinions. Day one of this year’s Mines and Money conference met with a mixed reception from delegates. Some, having arrived in the expectation of a fairer hearing here than they were

TTM Resources Buys Back Shares And Thereby Declares Long-Term Confidence In The Chu Moly Project

It takes a brave man to fly in the face of all the whimpering and pessimism that’s doing the rounds in the junior mining sector. But one way of doing it is to spend up to C$3.5 million on buying back your own company’s shares on

Landore Resources Turns Its Attention From Nickel To Iron Ore

Explorers with only one project to their name are always vulnerable to bad news about the one or two commodities that the specific deposit contains. When the market turns sour it doesn’t matter how good the drill results are, all

Lappland Goldminers Finds Its Own Way Round The Funding Drought To Bring New Mines Into Production

In the midst of all this gloom there are some bright spots to be found. One such is Lappland Goldminers, a company listed in Norway but based in the northernmost provinces of Sweden and Finland, whence Father Christmas travels

European Nickel Keeps Its Options Open On Projects, And On Financing

Last week Rusina Mining broke a fairly lengthy silence by releasing an announcement on progress at its Acoje nickel project in the Philippines. Rusina, to be fair, has had plenty of reason to keep quiet, given that the

Rivington Street Holdings to acquire Oilbarrel.com

It was announced on December 1st that Rivington Street Holdings (RSH) is buying Oilbarrel.com. RSH is a media group chaired by Malcolm Burne, the fund manager and director of a number of resources companies in Canada, Australia

That Was The Week That Was … In London

The week saw a massive, and positive, change in London’s enthusiasm for the mining sector, at least at the eyes of the major investing institutions, which contributed to an overall rise of nearly 22 per cent in the UK-quoted

That Was The Week That Was … In Australia

Minews. Good morning Australia. It looks like your market staged a strong recovery over the past week.

Oz. It does, though it depends on where you started counting. If restricted to last week only, then it was the boom returned

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. Overall, it was a not bad finish to a terrible month. This November saw Canada’s major bourse drop some 10

Orsu Metals May Be Down, But It Is Certainly Not Out

Back in June, Lero Gold acquired European Minerals through a reverse deal. This was regarded by the experts as having saved European Minerals, as it had encountered problem after problem bringing its Varvarinskoye gold-copper

Northern Iron Is Norway’s Quiet Achiever

Imagine a mining company with a project under construction that’s ahead of schedule and under budget, which has the near-certainty of being profitable when production starts in little more than six months, and which has more cash

Atlas Prepares To Make Its First Shipment, But Finds Its Shareholders Harder Than Iron

Bear market business lesson No.1: You can’t please everyone. For the best example of that, look no further than Atlas Iron which has done much more than most small Australian companies in difficult conditions have been able to,

Volta Resources Positions Itself As The West African Gold Consolidator Of Choice

“The merger of Birim and Goldcrest was just the first step in consolidation. There’s a lot of fragmented ownership of projects in West Africa, and a lot of opportunities for acquisition”. So says Kevin Bullock, president and

Peter Hambro’s Counter-Offensive Sends HSBC Packing, But Not Before Some Serious Collateral Damage Was Inflicted

Interesting that HSBC should see fit to publish a 25 page note on Peter Hambro Mining on 21st November, less than two weeks after the publication of a fairly comprehensive initial analysis of the state of play at this, one of