News

To Slow Down Or To Charge Forward? – That’s The Question Now Facing Starfield Resources

The next fortnight is an important one for Canadian-focused and Toronto-listed Starfield Resources. In that time the directors will review the third quarter financials due to be published next week and plot a path forward for

Capstone Mining Motors On In The Copper Space, With A Strong Hedge Book Driving The Engine

Not too long after the closure of the merger deal between Capstone and Sherwood Copper at the back end of last year, Minesite took the opportunity to have a chat to Mark Patchett of Capstone to find out how it had all gone. The

Triple Plate Junction Does A Good Deal With Newmont in PNG, But The Zambian Venture Looks A Loser

Aim-traded Triple Plate Junction is one of those odd companies that manages to survive in the nether world below the radar screens of investors. It does not appear deliberately to avoid comment and contact, but that is what it

Minera IRL Is Riding High After A Stellar Performance In 2008, And Is Now On The Hunt For Deals

Far be it from Minesite to spread gratuitous compliments around the place, but when we ran into Courtney Chamberlain a little while ago, we felt compelled to mention that his company, Minera IRL, was recently referred to by a

Chromex Keeps Its Head Above Water With New Plans For The Stellite Chromite Mine

What’s it like in the chrome business at the moment? Anyone who’s followed the ups and downs of International Ferro Metals (IFM) over the last couple of years will by now have some idea that all is not currently rosy. John Meyer

Weatherley International Transforms Its Potential With A Series Of Deals In The Last Days Of 2008

During the last few days of each year Minews keeps a sharp eye out to see if any companies land a bit of bad news on the market in the hope that no one will notice. This year Weatherley International came out with a press release

Vatukoula Gold Mines Marches On Towards Profitability In Fiji, With One Eye On Working Capital

Why did Dave Paxton leave a perfectly good job at Hichens Harrison to join a company that’s currently rehabiliating an ageing Fijian gold mine? One reason among many might be the 50 million options at 2p per share that he was

Australia Looks Better Poised Than Most Other Western Economies For Recovery In 2009

Perhaps it’s the sun which sets Australians apart from their British cousins, both in pallor and confidence. While many Brits can only see gloom and doom as they struggle through a freezing northern winter, Aussies are frolicking

Awakening A Giant: Marengo Mining Plugs Away At Yandera In Papua New Guinea

“We’re quietly confident that there’s a world out there that still needs metals”. So says Les Emery, managing director of Marengo Mining. Let’s hope he’s right, for his sake as well as ours, because at the Yandera

Only Five Risers Overall, And Most Of The Rest Lost A Lot: That Was The Year That Was ... In London

2008 was an extraordinary year in London’s stock market for a whole host of reasons, but possibly the overwhelming impression the year left us with was the speed and intensity with which the global economy went from boom to bust.

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. The Canadian Markets ended 2008 and started 2009 in rebound mode after receiving a pummeling during the tax

Directors Of Junior Mining Companies Have To Improve Communications In Current Conditions: Not Hide

When Marc Bolland took over as chief executive of Morrisons Supermarkets last year he had a couple of handicaps. First he had no experience of retailing to offer, and second he was a Dutchman. Not easy when running what had

2008 Marked The End Of The Commodity Boom, But Modest Rebound Predicted in 2009

The past year was a very nasty one for investors in general and resource players in particular. The Canadian Markets however started 2008 off in fine form with many commodity prices hitting historic highs but an abrupt drop in

Zeehan Zinc Now Controlled By Chinese Who Have Switched Metal Target

A little bit of good news to end off 2008 … and we certainly all need some. AIM listd Zeehan Zinc has received the sum of just over £3 million from the Chinese company Creat Group, in accordance with a share subscription agreed

West Wits Moves To Within Sight Of First Gold Production

No-one ever doubted that West Wits Mining would find plenty of gold on its tenements near South Africa’s gold capital, Johannesburg. What is interesting is the speed at which the Australian-listed explorer is getting through its

Leaders And Laggards Table Enables Investors To Monitor The Actions of Fund Managers

It is very difficult to get in at the bottom of any market. The reasons are largely psychological as the wounds are still fresh from money lost in other investments and the old adage, “don’t throw good money after bad” comes to

De Beers Threatens To Abandon Russian Diamond Mining

A 21-day ultimatum has been issued to the Russian government to put up the Grib pipe in Arkhangelsk for development by a joint venture between De Beers and LUKoil; or else De Beers will walk out of Russian diamond mining for

What a Year!!!!

The year 2008 will be remembered for many things. Even though it included some of the wildest gyration in base metal prices it is more likely that the year will be stand out for the collapse of the investment banking business

That Was The Week That Was … In Australia

Minews. Good morning Australia, we didn’t expect to hear from you this week.

Pan African Needs To Keep Its London Fan Club In Touch With Events

The totally unselective way in which good and bad junior mining companies have been sold down the pan over the last six months is exemplified by AIM listed Pan African Resources. This has been a gold producer since it acquired