Minews Story: March 20, 2010
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
Full story...
Minews Story: March 19, 2010
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.
Full story...
Minews Story: March 18, 2010
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
Full story...
Minews Story: March 18, 2010
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,
Full story...
Minews Story: March 17, 2010
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
Full story...
Minews Story: March 16, 2010
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
Full story...
Minews Story: March 16, 2010
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
Full story...
Minews Story: March 15, 2010
In many ways it’s been a remarkably short journey. Just three years on from its initial acquisition, Firestone Diamonds is on the cusp of breaking first rock at its BK11 kimberlite diamond project. When it hits full production,
Full story...
Minews Story: March 15, 2010
It’s a good time to be doing an update of Canaco Resources now that Tanzania seems to have climbed to the top of the most popular gold destinations in Africa after Barrick announced that it was floating off African Barrick Gold.
Full story...
Commodities: March 15, 2010
Any assessment of commodities as an asset class doesn’t get far before China comes into the discussion. Although most people know that China is important, it is difficult to overstate just how vital it is to today’s commodity
Full story...
Minews Story: March 13, 2010
In London it was a slow sideways week for the miners, though the sector managed to hold onto the previous week's spectacular gains. The FTSE 100 miners gained an average of 0.4 per cent whereas the mid and small cap companies
Full story...
Minews Story: March 11, 2010
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
Full story...
Minews Story: March 10, 2010
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
Full story...
Minews Story: March 10, 2010
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
Full story...
Minews Story: March 10, 2010
“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
Full story...