COPPER: Xstrata says Las Bambas to cost $5.2B
PERU – Xstrata Copper says it is prepared to spend US$5.2 billion on the Las Bambas copper project in southern Peru.
Canadian Mining Journal Staff
Posts by Canadian Mining Journal Staff:
Eritrean trials and tribulations for Nevsun
Doing business in East Africa comes with its challenges, but Nevsun Resources has a robust outlook for its Bisha mine in Eritrea despite dealing with matters that miners closer to home would never encounter.
COMMENT: Chrysotile found in McWatters nickel mine
The up-and-down fortunes of the McWatters nickel mine may be at a new low. Owner Liberty Mines of Toronto says that it has identified the presence of chrysotile in the orebody there. The mine operated off and on from 2009 to 2012, but it is...
SILVER: NQ Exploration’s maiden resource for Carheil
QUEBEC – NQ Exploration of Laval, QC, has released the initial resource estimate for its 100% owned Carheil silver property in the northern Abitibi region. The Ag1 zone contains 379,000 indicated tonnes at 120.5 g/t Ag or 1.47 million...
GOLD: Osisko wraps 2012, looks ahead to 2013
MONTREAL – Osisko Mining Corp. reports that for the first full year of production at its Canadian Malartic gold mine in Malartic, QC, 388,478 oz of gold were recovered. Output in 2012 was affected by a fire in the mill in May, several...
GOLD: Centerra acquires all of Oksut project in Turkey
TURKEY – Centerra Gold of Toronto has completed the purchase of the 30% interest in the Oksut gold mine that belonged to partner Stratex International of London, UK, for US$20 million. Stratex will retain a 1% net smelter royal subject to...
Endeavour Mining rises on West African promise and production
Strong production results and a promising preliminary economic assessment had Endeavour Mining shareholders feeling the love.
MERGER: Aurizon says no to Alamos bid
VANCOUVER – In today's economic climate it appears difficult to take over an unwilling target. The board of directors at Aurizon Mines has unanimously recommended that its shareholders reject the hostile offer from Alamos Gold of Toronto....
GOLD: IamGold updates Cote resource, offers 2013 guidance
TORONTO – The results of recent drilling at the Cote gold project between Timmins and Sudbury, ON, has allowed IamGold Corp. to update resource numbers, moving most of them into the indicated category. The indicated resource is now 269...
BASE METALS: Lundin adds up 2013, proposes 2013 targets
TORONTO – Lundin Mining Corp. is pleased with 2012 production numbers that are near the high end of the announced targets. The company finished the year with an output of 102,050 tonnes of copper, 122,204 tonnes of zinc, 38,464 tonnes of...
COPPER-GOLD: Inmet wraps up 2012, looks toward 2013
VANCOUVER – As is fitting in the first month of a new year, Imperial Metals Corp. has added up its production numbers for 2012. The company's output included 51.3 million lb of copper, 53,252 oz of gold, 211,995 oz of silver, and 2,278 lb...
Pan American to produce more silver, gold in 2013
Pan American Silver had a strong year in 2012, helped by record silver and gold output in the fourth quarter, and is forecasting 2013 to be another “record setting production year.”
NiCAN and Nisichawayasihk Cree sign agreement to advance permitting for Pipy project
NiCAN (TSXV: NICN; OTCQB: NILTF) and Nisichawayasihk Cree Nation (NCN) signed an exploration agreement to advance the Pipy project in Thompson, Manitoba. NiCAN […]