News

Griffin Mining Goes Into The Lignite Business, And Still Has $70 Million Left Over For Other Deals

When the finance director of a mining company, yes one that is in production, says that his company has 26p a share in net cash and that the share price is 18p you can begin to get a sense of how dislocated the current market is.

Formation Capital Has Kept The Lawyers At Bay And Now Awaits A New Environmental Decision On Development Of The Idaho Cobalt Project

Patience and persistence are the two prime qualities to be sought in the chief executive of a junior mining company in which it is worth investing. Such a chief executive takes problems on the chin and finds ways of solving them.

First Gold Production From Cambridge Mineral Resources Puts The Company’s Past, Present And Future In A Different Light

“From now on”, says Colin Andrew, managing director of Cambridge Mineral Resources, “all our press releases will be issued using the past tense”. By which roundabout fashion he means that Cambridge will issue far fewer promises,

After A Turbulent Twelve Months, Kingsgate Consolidated Gets Down To The Business Of Producing Gold Profitably

Christmas nears, the time to write a letter to Santa, and it’s a fair bet that shareholders in Kingsgate Consolidated will be making a most unusual request. They want life to become a little less exciting. Over the past 12 months

As Soon As The Funding Is In Place, Gippsland Will Be In Pole Position To Sell Its Tantalum Into A Rising Market

One thing about non-terminal traded metals is that pricing can always surprise you if you don’t constantly keep up to date. But although there’s an opacity in these markets that anyone who isn’t an industry insider would be

Africa Weekly: Equinox Poised To Push Go At Lumwana, Central African Gold On The Brink, And Shareholder Discontent At Extract Resources

As Europe tipped into recession, the side effects of the crisis have savaged African stock markets. Foreign capital is pulling out, but some companies are still managing to make progress. As the week opened, High River Gold, a

Braemore Resources Turns A Profit On Platinum Smelting In South Africa, But Nickel In Australia Is A Tougher Proposition

There’s not much point picking up precisely where we left off with Braemore Resources: plenty’s changed since Hamish Bohannen presented at Minesite towards the end of last winter. Plenty’s stayed the same too. What’s changed is

Centamin’s Unique Position In Egypt Puts A Potentially Greater Value On It Remaining Independent

A very shrewd move from Josef El-Raghy, chief executive of Centamin Egypt, back in August, in appointing Trevor Schultz as Executive Director of Operations. Thus Trevor is on board during the critical period leading up to

CGA Mining Is Confident Of Producing First Gold At Masbate In March

These days, there aren’t too many well-funded gold companies around that are on the way to production, or in process of ramping up. CGA Mining stands out among those that are. Judging by the two initial reports from Haywood and

Rambler Metals Intercepts More Mineralization On the Ming Mine And A Few Potential Partners In China

Another day, another set of excellent drill results from Rambler Metals & Mining. The latest numbers delivered from the ongoing underground diamond drilling at the company’s Ming mine on Canada’ eastern seaboard included a

That Was The Week That Was … In London

In London what started as a relatively strong week ended up badly with all ten of the FTSE 100 miners closing down. Most of the significant falls came on Friday in reaction to sharp falls in commodity prices as the market took on

That Was The Week That Was ... In Australia

Minews. Good morning Australia. Is there any good news to report, or is it all gloom?

Oz. Mainly gloom, but with flashes of hope, as our friend Richard Elman emphasised midweek with his observation that he was “seeing the

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 another wild week on the Canadian markets, as Teck Cominco, Katanga Mining and Anvil Mining took

Some Of London’s Gold Miners Look A Lot Steadier Than Others At The Moment

“What’s it like out there today?” asks one mining company chief of another, as he leans over an inexpensive glass of wine at the monthly mining company chief executives’ lunch, hosted by Minesite. “Carnage”, comes back the rueful

Churchill Mining Explores The River Route For East Kutai’s Initial 3 Million Tonnes Of Thermal Coal Per Year

Everyone wants a piece of Barack Obama these days. In Kenya they have a physical focus in Obama’s grandmother. In Indonesia, by contrast, they have a piece of his past, as Obama lived there for several years during his youth, a

Tertiary Minerals May Be Onto A Fluorspar Winner At Storuman

Tertiary Minerals has kissed a number of frogs in its time. The last one was the Ghurayyah tantalum–niobium deposit in Saudi Arabia, which now appears to be stuck deep in a bureaucratic bog while the Saudis wrestle with the terms

Archipelago Resources Now Has Several Financiers Interested In Funding Toka Tindung, But It’s Not Done And Dusted Yet

It is difficult to praise too highly the fortitude and patience Colin Loosemore, managing director of Aim-traded Archipelago Resources, has shown in the face of the continuous delays and disappointments over the development of

Richard Elman At Commodities Trading House Noble Group Reckons He Can See The Bottom Of This Market

Richard Elman is “seeing the bottom”. That’s either a very clever trick from a man with an office in a high-rise overlooking the murky waters of Hong Kong harbour, or good news for investors in mining shares. The latter is the

Cangold May Be Small But It Could Play An Interesting Role As A Consolidator

The chief executive of Canadian listed Great Panther Resources, Bob Archer, was in London last week to talk about his company’s silver mines in Mexico – Topia and Guanajuato – where profitable production is on the increase.

Long-Term, Prairie Downs Has Exciting Potential In Vanadium; Short-Term It’s A Good Job That Mine Development Work Is On Hold

It’s not often that you can look at an emerging base metals miner and think how fortunate it is that a commitment to a mine development hasn’t been made. But a perfect example of what might be called a financial near-miss comes