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Colombia extends new mining request ban
Click here to read the whole story or read an excerpt below. By Jack Kimball Colombia has extended a suspension on receiving new requests for mining concessions for two months to handle a backlog of permits, the Andean nation’s energy ministry said on Friday. The world’s No. 4 coal exporter has been hit by a series of mine explosions that killed dozens of workers [Read more] Read More →
New gold and copper deposits found in India
Click here to read the whole story or read an excerpt below. By Shivom Seth Rajasthan, well known for its crude oil will soon be known for its huge gold deposits. The Geological Survey of India (GSI) has struck huge reserves of gold ore in Rajasthan and a new report has indicated the presence of copper and gold deposits as well in Karnataka and Uttar Pradesh. Internationally, such deposits are considered... [Read more]
Indian investor interest in silver surging
Click here to read the whole story or read an excerpt below. By Shivom Seth On the back of growing interest by small investors in India, Indian Commodity Exchange, which started operations in late 2009, is to soon introduce micro volumes of gold and silver contracts of up to 1 kilo each. The Exchange is a screen based on-line derivatives exchange for commodities. At the end of last year, it had recorded... [Read more]
Canadian mining entering period of significant, sustained growth–MAC
Click here to read the whole story or read an excerpt below. By Dorothy Kosich A new report by the Mining Association of Canada says Canadian mining “is now entering a period of significant and sustained growth.” [Read more] Read More →
Great Basin’s Burnstone gold mine removing obstacles to productivity growth
Click here to read the whole story or read an excerpt below. By Christy Filen Since Burnstone mine’s commissioning in February last year it has failed to meet the expectations of management and the investor community alike continually underperforming against budget in its ramp up. The two main reasons given by the management team for the lower production centre around a fault discovered [Read... [Read more]
Continental Gold cuts more strong gold intercepts in Colombia
Click here to read the whole story or read an excerpt below. By Kip Keen With nine more drillholes to draw from, Continental Gold (TSX: CNL) expanded two key gold-silver systems at its Buritica project in Colombia. [Read more] Read More →
Malaysia conditionally approves Lynas Corp rare earths plant
Click here to read the whole story or read an excerpt below. By Niluksi Koswanage Malaysian authorities approved a temporary operating license for Australia’s Lynas Corp.’s $200 million rare earths processing plant, a move seen as crucial to easing China’s grip on the supply of minerals used in products from smart phones to hybrid cars. The approval by the country’s Atomic... [Read more]
Copper emerges as star performer-Scotiabank Commodity Price Index
Click here to read the whole story or read an excerpt below. By Dorothy Kosich In her latest edition of the Scotiabank Commodity Price Index, economist Patricia Mohr noted base metals rallied strongly in January, with copper as the star performer. Chinese imports of copper surged to a record high in December helping prompt [Read more] Read More →
Apogee eyes new oxide potential at Pulacayo silver project
Click here to read the whole story or read an excerpt below. By Kip Keen With strong near-surface silver intercepts out today, Apogee Silver (TSX-V: APE) shone the light on the potential to open-pit mine oxides at the Pulacayo project in southwestern Bolivia. Until recent metallurgical tests proved otherwise, Pulacayo had been an underground mining story [Read more] Read More →
Thaduna’s copper allure grows for Perth junior explorer
Click here to read the whole story or read an excerpt below. By Ross Louthean Ventnor Resources Ltd (ASX: VRX) said today that with the progression of the third phase of a drilling programme, a total of 127 holes for 15,888 metres have now been drilled. The last reported results this month included two holes with wide intercepts – 37m @ 2.61% copper from 111m depth, [Read more] Read More →
Increasing lithium supplies likely to meet demand: Daniela Desormeaux
Click here to read the whole story or read an excerpt below. By George Mack The Energy Report: Daniela, over the past three months the small-cap lithium developers have on the whole been in positive territory. Are we at the beginning of a long-overdue bull market in lithium equities? Daniela Desormeaux: Most of the smaller-scale suppliers trading in the open market are young, junior mining companies.... [Read more]
Ucore praises Alaska governor’s REE development, mining initiatives
Click here to read the whole story or read an excerpt below. By Dorothy Kosich Halifax, Nova Scotia-based Ucore Rare Metals (TSX.V:UCU) Wednesday praised Alaska Governor Sean Parnell’s proposed FY2013 state budget, which aims to generate more information about rare earth elements and strategic minerals beneath Alaska lands. Parnell has allocated $2.7 million to obtain more data about Alaska’s... [Read more]
Anglo American’s Q4 copper up 10%; platinum down
Click here to read the whole story or read an excerpt below. Miner Anglo American posted a 10 percent rise in copper output in the final three months of 2011, boosted by its flagship Los Bronces mine as it recovered from a tough third quarter hit by blizzards and lower ore grades. The Los Bronces mine, at the heart of the miner’s complex legal dispute with Chilean state copper producer Codelco,... [Read more]
Hold gold and silver and prepare for junior mining stock mania: Alimohamed
Click here to read the whole story or read an excerpt below. By Brian Sylvester The Gold Report: Fayyaz, in June 2008, using readily available economic data, you wrote that the global economy was on the verge of financial collapse. What do those sources tell you about where the global economy is headed today? Fayyaz Alimohamed: In November 2006, I predicted that the U.S. was headed into a recession.... [Read more]
Return of the Gold Commission? Would it Raise the Gold Price? Confiscation?
Click here to read the whole story or read an excerpt below. By Julian Phillips Re Newt Gingrich’s Gold Commission proposal – See Presidential Candidate Newt Gingrich calls for U.S. Gold Commission: The answer to this question is threefold [Read more] Read More →
Atacama pulls in C$60m – eyes acquisitions
Click here to read the whole story or read an excerpt below. By Kip Keen Atacama Minerals (TSX-V: AAM) has cashed up to the tune of C$60 million. The funds, which are now in the junior miner’s pockets having just been released from escrow, will underpin Atacama Minerals’ master plan to morph into a gold company. [Read more] Read More →
Silver prices forecast to rise sharply this year, but not to hit new highs – LBMA
Click here to read the whole story or read an excerpt below. By Lawrence Williams Even though the panel of expert analysts who enter the annual London Bullion Market Association (LBMA) precious metals price prediction competition are forecasting record prices for gold this year, silver does not fare quite so well in their reckoning – it is expected to rise quite strongly alongside its yellow... [Read more]
Uranium supply crunch by 2016 – nuclear expert says
Click here to read the whole story or read an excerpt below. By Kip Keen A nuclear expert gave uranium supply three more years – at most – before it seriously falls behind demand from the nuclear power industry. “2016: We have to have supply in the market or the lights will gradually go out in the nuclear system,” said Thomas Drolet, [Read more] Read More →
Marriage season in India swings demand for gold
Click here to read the whole story or read an excerpt below. By Shivom Seth Indian brides have a thing for gold. With gold jewellery woven into the culture, tradition and different religions of India, Indian households are pulling out all the stops and splashing big money on the precious metal this wedding season. “Indians prefer to get married in winter to avoid the monsoon rains and summer... [Read more]
Boost for gold mining as Argentina’s Rio Negro Province repeals cyanide ban
Click here to read the whole story or read an excerpt below. By Dorothy Kosich With the repeal of provincial laws banning the use of cyanide in gold processes, Argentina’s mining industry is continuing to expand with a record $2.57 billion in investment last year. Pan American Silver announced Thursday that new legislation enacted in the Rio Negro provincial legislature which allows the use of... [Read more]
