News

1 - 217 of 217

Flag Resources Makes Announcement - 2/8/2012 11:00:00 AM ET SUDBURY, Ontario--(BUSINESS WIRE)--Future exploratory drilling for Flag Resources, on its Sudbury, Ontario, area mineral holdings, includes a previous deep vertical drill hole into Laundry Lake, located 1 mile northeast of Wolf Lake, Mackelcan Township. Laundry Lake is the...

Freeport-McMoRan Copper & Gold Inc. Announces Senior Notes Offering - 2/8/2012 9:31:00 AM ET PHOENIX--(BUSINESS WIRE)--Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) announced today that it intends to offer senior notes to the public in three tranches. FCX intends to use the net proceeds from the offering to redeem a portion of its outstanding 8.375% Senior Notes...

NVMN Launches New Comprehensive Website Detailing Diamond Mining Business Developments - 2/8/2012 8:53:00 AM ET MARCELLUS, N.Y.--(BUSINESS WIRE)--NVMN Launches New Comprehensive Website Detailing Diamond Mining Business Developments

ANC mine study seeks new taxes, buries nationalisation - 2/8/2012 7:01:00 AM ET A study submitted to South Africa's ruling ANC to reform its vital mining sector proposes a 50% tax on profits and rejects nationalisation as an "unmitigated disaster" for Africa's largest economy. Although it delivers a hammer blow to calls for nationalisation by...

Sumitomo Electric to launch Tungsten recycling plant - 2/8/2012 6:13:00 AM ET Sumitomo Electric Industries builds new recycling plant for used cemented carbide tool for more than JPY 2 billion. The group starts the operation in around August to recover monthly 5 tonnes of cemented carbide powder with rich tungsten. The group also builds line to make...

InTouch Health and Platinum Training Partner to Provide a Comprehensive Suite of Remote Presence Video Collaboration and Broadcast Solutions for Surgeon Education across National Network of Surgical Skills Labs - 2/8/2012 6:03:00 AM ET SANTA BARBARA, Calif.--(EON: Enhanced Online News)--InTouch Health partners with Platinum Training in order to provide Remote Presence video collaboration and solutions for surgeon education through the RP-Vantage platform.

Nkwe expects resolution around farm dispute shortly - 2/8/2012 2:36:00 AM ET Embattled platinum developer Nkwe Platinum on Wednesday reported that it was hoping to resolve an ownership dispute regarding its platinum group tenements in South Africa, within the next two weeks. During December last year, Nkwe and its controlling shareholder Genorah...

Norilsk Nickel eyes SA platinum sector - 2/7/2012 8:18:00 AM ET Russia's Norilsk Nickel, the world's largest producer of nickel and palladium, is looking at platinum mine acquisitions in South Africa to boost its PGM output over the next decade, a senior official said on Tuesday. Norilsk Nickel is already in South Africa, which accounts...

Syndicated Metals copper gold intersections continue at Kalman near Mt Isa - 2/7/2012 6:41:00 AM ET Syndicated Metals has discovered some clusters of near surface high grade copper and gold values at the Kalman deposit which is an advanced molybdenum, rhenium and copper and gold deposit covering 700 square kilometers in the mineral rich Mt Isa region. All results from...

IT management at a time when skill shortages are becoming a big problem - 2/6/2012 7:30:00 PM ET Gavin Halse, Managing Director of South Africa's ApplyIT says the "medium-term outlook for the world's mining sector remains positive. Global demand for resources driven from the emerging economies has over the past 12 months led to unprecedented levels of investment in...

The Law Firm of Levi & Korsinsky Notifies Investors with Losses on Their Investment in Molycorp, Inc. of Class Action Lawsuit and the Deadline of April 3, 2012 to Seek a Lead Plaintiff Position - 2/6/2012 1:08:00 PM ET NEW YORK--(EON: Enhanced Online News)--Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the District of Colorado on behalf of investors who purchased Molycorp, Inc.

AdvancedEPM Consulting and Saxifrage Systems Announce Partnership to Bring Oracle Hyperion Essbase Users the Ability to Be Mobile - 2/6/2012 8:04:00 AM ET CLEVELAND--(EON: Enhanced Online News)--AdvancedEPM Consulting, an Oracle Platinum Partner, and Saxifrage Systems LLC announced today that the two companies will partner together to deliver Oracle Hyperion Essb

TOCOM January 2012 Average Daily Volume Down 4.2% from December 2011 - 2/6/2012 8:00:00 AM ET TOKYO--(BUSINESS WIRE)--TOCOM announced today that January 2012 trading volume averaged 107,744 contracts per day, down 4.2% from December 2011 despite notable increase in Rubber and Platinum

New resource estimate for the Molyhil tungsten and molybdenum project - 2/6/2012 6:07:00 AM ET An overall 25% tonnage increase to 4.7 million tonnes has been announced in a new resource estimate for the Molyhil tungsten and molybdenum project in the Northern Territory, wholly owned by Thor Mining PLC. Highlights; 1. Overall tonnage increased by 25% to 4.7 million...

Norilsk to build a molybdenum processing plant at Bugdainsky by 2016 end - 2/6/2012 5:43:00 AM ET Bloomberg reported that OAO GMK Norilsk Nickel plans to spend SD 1.1 billion by 2016 to develop an eastern Siberian copper field and boost output of the highly conductive metal by 16%. Mr Yury Filippov first deputy CEO of Norilsk Nickel said that the Bystrinsky deposit...

Parsons Brinckerhoff’s Global Mining showcases award winning EPCM services at 2012 Mining Indaba - 2/5/2012 7:10:00 PM ET With projects like the multi-award winning Jacinth-Ambrosia mine in South Australia, Parsons Brinckerhoff's Global Mining business will showcase its fully integrated capability, from concept to closure, at this week's Mining Indaba. Leading a team that includes Director of...

Gold Shines Over Platinum - 2/3/2012 8:52:00 PM ET Platinum is usually more expensive than gold, but worries about Europe and global growth have turned the historical norm on its head.

Implats expects up to 70% gains on headline earnings - 2/3/2012 8:44:00 AM ET JSE- and LSE-listed Impala Platinum (Implats) on Friday reported that its headline earnings for the six months ended December 31 would increase by between 60% and 70% year-on-year. Earnings a share are expected to be between 552c and 587c.

VIDEO: US treasure hunters seek lost platinum - 2/3/2012 8:27:00 AM ET US explorers set sights on $3bn loot from British shipwreck

Nortec Minerals to acquire the Karhujupukka metals project in Finland - 2/3/2012 6:57:00 AM ET Nortec Minerals Corporation announced that the Company has signed MoU on January 24th 2012 with Akkerman Exploration BV to earn an undivided 80% interest in the Karhujupukka Iron Titanium Vanadium Palladium Platinum Gold Property located in Finland. Nortec will fund and...

Molycorp Declares Preferred Dividends - 2/2/2012 7:00:00 AM ET GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Molycorp, Inc. (NYSE: MCP), today announced that its Board of Directors has elected to declare a cash dividend on outstanding shares of its 5.50% Series A mandatory convertible preferred stock in an amount equal to $1.375 per...

Treasure hunter says he found $3B WWII wreck - 2/1/2012 8:00:00 PM ET PORTLAND, Maine (AP) -- A treasure hunter said Wednesday he has located the wreck of a British merchant ship that was torpedoed by a German U-boat off Cape Cod during World War II while carrying what he claims was a load of platinum bars now worth more than $3 billion....

Molycorp meets Molymet, secures US$390M in funds - 2/1/2012 5:31:00 PM ET U.S. rare earths producer Molycorp (MCP-N) is giving Chile-based Molibdenos y Metales (Molymet) 12.5 million shares in exchange for US$390 million. That works out to US$31.20 apiece - a 10% premium to Molycorp's 20-day volume weighted average... [Full Story]

Dawid Stander returns to Bokoni - 2/1/2012 9:47:00 AM ET Joint venture partners Anooraq and Anglo American Platinum (Amplats) on Wednesday appointed Dawid Stander as MD of Bokoni Platinum Mines, effective February 1. Stander, who was working as an independent consultant for the past two years, increased production at the Bokoni...

Altivon Named an Interactive Intelligence 2012 Platinum Elite Partner - 1/31/2012 2:34:00 PM ET PHOENIX--(EON: Enhanced Online News)--Second consecutive year that Interactive Intelligence recognizes Altivon for meeting highest technical and customer service standards for deploying all-in-one contact center solutions

Strongbow Reports First Exploration Drilling Results for Shovelnose Gold Property, BC - 1/31/2012 12:03:00 PM ET VANCOUVER, British Columbia--(BUSINESS WIRE)--Strongbow Exploration Inc. (SBW: TSXV) has been notified by Westhaven Ventures Inc. (WHN: TSXV) that final results have been received from the 2011 drilling program at the Shovelnose gold property located adjacent to the...

Cooke steps up to Anooraq platinum plate - 1/31/2012 10:02:00 AM ET Patrick Cooke has been appointed a non-executive director of empowered JSE-listed platinum miner Anooraq, replacing Wayne Kirk, 69, who has also resigned his non-executive director post at gold-mining company Great Basin Gold.

Amerigo may exceed 2012 output target - 1/31/2012 6:17:00 AM ET Reuters reported that Canadian copper and molybdenum producer Amerigo Resources Limited which was hit by a strike at its El Teniente mine in Chile expects to meet or exceed its production targets for this year. Amerigo's production from its only operational project,...

Impala Platinum appoints Goodlace as CEO - 1/31/2012 2:21:00 AM ET Platinum mining company Impala Platinum (Implats) has appointed Terence Goodlace, from Metorex, as CEO and executive director, succeeding David Brown from July 1. Brown announced two weeks ago that he was stepping down as CEO at the end of June to pursue his own interests.

Norilsk nickel output may rise, other metals stagnate - 1/30/2012 7:08:00 AM ET Russia's Norilsk Nickel, the world's largest producer of nickel and palladium, said on Monday that it may see a modest recovery in nickel output this year, while palladium, platinum and copper could continue to decline. The Russian metals giant, which takes its name from...

Anglo American reports December quarter production report - 1/30/2012 5:49:00 AM ET Anglo American Plc a mining company with operations from Australia to Brazil said that its fourth quarter iron-ore output climbed 5%, while platinum volumes missed annual targets as South Africa ordered more safety stoppages. Q4 overview: 1. Iron ore production...

Western Troy announces drilling result of new zone at MacLeod Lake - 1/30/2012 5:42:00 AM ET Western Troy Capital Resources announced the assay results of holes it drilled at its MacLeod Lake Copper and Molybdenum Project in November of 2011. Three holes were drilled on geophysical anomalies near the Main Zone. Two holes did not intersect significant...

Zimbabwe's yearn for yuan - 1/30/2012 4:21:00 AM ET By Ignatius Banda BULAWAYO - From downtown shops that stock cheap clothing and shoes that fall apart after one wear, to mining concessions in platinum, gold and diamonds - the Chinese finger is ...

SA task team to advise on mine closures - 1/27/2012 7:43:00 AM ET South Africa's chief mine inspector on Friday defended safety-related mine closures that have cut into production at the world's top platinum producer. tLonmin, the world's number three producer, lost 177 000 t production to safety stoppages in its first quarter, more than...

Research and Markets: Zimbabwe Mining Report Q1 2012 Forecasts A More Than Doubling In Gold Output between 2010 And 2015 - 1/27/2012 6:10:00 AM ET DUBLIN--(BUSINESS WIRE)--Research and Markets () has announced the addition of the "Zimbabwe Mining Report Q1 2012" report to their offering. Indigenisation Debate Becomes More Heated BMI believes that the Zimbabwean government may stand to lose significant amounts of...

Atlas Iron snaps up jobless miners - 1/27/2012 6:00:00 AM ET Atlas Iron has offered new jobs to the 70 miners soon to lose work at the closing Wodgina tantalum mine.

Zimbabwe's yearn for yuan - 1/27/2012 3:32:00 AM ET By Ignatius Banda BULAWAYO - From downtown shops that stock cheap clothing and shoes that fall apart after one wear, to mining concessions in platinum, gold and diamonds - the Chinese finger is ...

GUEST PERSPECTIVE: Sudbury is the luckiest city in North America - 1/26/2012 5:00:00 PM ET Sudbury is the richest mining district in North America and among the top three hardrock mining regions in the world. Only South Africa's Witwatersrand gold region and the country's legendary Bushveld platinum complex can match the... [Full Story]

Govt-enforced safety stoppages lacerate Amplats, Lonmin platinum production - 1/26/2012 8:20:00 AM ET Soaring government-enforced safety stoppages at South African platinum mines have lacerated the production performances of mining companies Anglo American Platinum (Amplats) and Lonmin, latest production reports indicate. Both companies indicate that they are discussing...

Resources Watch - 1/26/2012 1:30:00 AM ET This week: A R17-billion Swaziland-South Africa rail link will open up new coal capacity. Amplats hopes to test a fuel-cell powered mine locomotive by March/April. And, the DTI considers a special economic zone for platinum.

Zimplats workers end strike over power bills - 1/26/2012 12:47:00 AM ET Workers at the Zimbabwean unit of platinum miner Impala Platinum returned to work on Wednesday after going on strike last week, demanding the company pay their personal electric bills, a company spokeswoman said. The strike of about half the workers at Zimplats' Ngezi mine...

Zotec Partners Renews Platinum Sponsorship with Radiology Business Management Association - 1/25/2012 8:03:00 AM ET INDIANAPOLIS--(EON: Enhanced Online News)--For the sixth consecutive year, Zotec Partners has renewed its commitment with the Radiology Business Management Association as a Platinum Level Sponsor.

Zimbabwe mine licence fees set to soar - 1/25/2012 5:53:00 AM ET Zimbabwe is set to raise registration fees for platinum mines to $2.5-million from the $300 it currently costs to discourage the holding of claims for speculative purposes, state media reported on Wednesday. The government will soon announce the changes, which will mostly...

TEX molybdenum market review of 2011 and outlook for 2012 - Part 2 - 1/25/2012 5:40:00 AM ET The most influential factor for manganese ore prices is the Chinese appetite. In addition, the impact from the international manganese group ferroalloy market including Japan is also un negligible. The prices of manganese ores quoted by BHP Billiton for China have been...

RECOGNIZED: Golder goes platinum in ReNew Canada rankings - 1/24/2012 4:57:00 PM ET MISSISSAUGA, Ontario - Golder Associates has been awarded a platinum badge designation by ReNew Canada magazine for its involvement in 14 of this year's top 100 Canadian infrastructure projects. The combined value of the 14 projects is over $17... [Full Story]

General Moly Announces Strong Support at Public Hearings - 1/24/2012 8:30:00 AM ET LAKEWOOD, Colo.--(BUSINESS WIRE)--General Moly, Inc. (the "Company") (NYSE Amex: GMO) (TSX: GMO) announced that the communities in Eureka County, Nevada voiced strong support for the Mt. Hope project at two public hearings, hosted by the Bureau of Land Management (the...

TEX molybdenum market review of 2011 and outlook for 2012 - 1/24/2012 6:49:00 AM ET As explained by the price drop during the second half, 2011 was a year of oversupply as a whole. In 2010, the increase in world demand by 15% to 16% together with the imports in big volume by China led the market to a short supply situation. However, as 2011 started, China...

Implats starts firing striking Rustenburg workers - 1/24/2012 5:23:00 AM ET Platinum mining company Impala Platinum (Implats) has started firing the rock drill operators participating in a strike at its Rustenburg operations after they failed to report for duty. A court declared the strike over salary grievances illegal and Implats gave the 5 000...

Mitsubishi signs up for Queensland tungsten - 1/24/2012 2:46:00 AM ET Global conglomerate Mitsubishi Corporation has signed a letter of intent with ASX-listed Carbine Tungsten to purchase all of the concentrate produced at the Mount Carbine tailings retreatment project, in Queensland. The tailings retreatment project at the Mount Carbine...

Fatality and strike stop local production for African Rainbow and Impala - 1/23/2012 12:28:00 PM ET A fall of ground accident resulted in the death of a mineworker on Saturday at the Two Rivers platinum mine in South Africa, co-owned by African Rainbow Minerals and Impala Platinum Holdings Ltd.

Sylvania sees 36% growth in half-year output - 1/23/2012 10:01:00 AM ET Platinum-group metals (PGM) producer Sylvania Platinum on Monday reported a 36% half-year production increase at its dump operations in South Africa. Sylvania Dump Operations, which consists of five tailings retreatment operations in the Bushveld Igneous Complex, produced...

Fatality at Two Rivers platinum mine - 1/23/2012 8:20:00 AM ET African Rainbow Minerals (Arm) has reported a fatality at the Two Rivers platinum mine, a joint venture with Impala Platinum (Implats). Operations were halted at the mine on Saturday to allow for the re-evaluation of safety procedures after an employee was fatally injured...

Crabtree & Evelyn Launches Platinum Rewards Loyalty Program with 89 Degrees - 1/23/2012 8:03:00 AM ET BURLINGTON, Mass.--(EON: Enhanced Online News)--89 Degrees was selected by retailer Crabtree & Evelyn to launch and maintain its Platinum Rewards loyalty program.

Illegal strike slows Implats production - 1/23/2012 7:48:00 AM ET Platinum miner Impala Platinum (Implats) was losing of 3 000 oz/d of production at its Rustenburg operations owing to an illegal strike, said spokesperson Alice Lourens. The work stoppage, which entered its second day on Monday, was declared illegal and the company would...

5 000 Implats workers down tools at Rustenburg - 1/23/2012 5:44:00 AM ET Platinum miner Impala Platinum (Implats) said on Monday that 5 000 rock drill operators have downed tools at its Rustenburg operations in a strike that has been declared illegal. The company said it would take legal action against employees failing to return to work on...

Globe Metals secures two year extension of Kanyika in Malawi - 1/23/2012 5:28:00 AM ET Globe Metals & Mining has been granted a two year extension for the Kanyika Niobium Project exploration licence in Malawi, with a further two year option to renew. The licence covering Kanyika, which spans 607 square kilometres, is now due for renewal on December 29th...

LISCO issues Feb ferromolybdenum purchasing price - 1/23/2012 4:42:00 AM ET It is reported that LISCO announced ferromolybdenum purchasing price for February. Ferromolybdenum purchasing price was executed at CNY 118,000 per tonne up CNY 1,000 per tonne in comparison with that of January. (Prices include 17%VAT, delivered to plant, payment in...

Zimplats workers strike over power bills -paper - 1/23/2012 1:00:00 AM ET Workers at the Zimbabwe unit of platinum miner Impala Platinum have gone on strike to force the company to pay for their personal electricity bills, which has partially hit production, state media reported on Sunday.

Rare Earths Panel Explores Prices, Supply and Demand, and Investors Opportunities  - 1/20/2012 7:48:00 PM ET One of the events at the summit was a panel entitled "The Rare Earth Think Tank". Mickey Fulp, founder of the Mercenary Geologist, moderated the discussion and he was joined by Anthony Alfidi (of Alfidi Capital), John Thomas (the Mad Hedge Fund Trader), and Jeb Handwerger (of Gold Stock Trades). Some of these experts, themselves, own an interest in some of these companies.

Sprott bearish on base metals, positive on gold, oil - 1/19/2012 11:33:00 AM ET Prominent Canadian fund manager Eric Sprott said on Wednesday he was bearish on cyclical commodities such as industrial metals because of the economic slowdown, though he remained positive on gold and crude oil. Sprott, a long-time gold bull who last week filed to launch a...

3 Things That Will NOT Happen In Commodities In 2012 - 1/19/2012 7:09:00 AM ET

Platinum Australia moves to owner operator mining at Smokey Hills in South Africa - 1/19/2012 6:10:00 AM ET Platinum Australia has begun its transition from contractor underground mining at its Smokey Hills Mine in South Africa to owner operator mining. The move to owner operator mining should place Platinum Australia in a stronger position to meet its production targets as...

Sumitomo Electric Hardmetal to cover tungsten procurement by recycling - 1/19/2012 6:08:00 AM ET Sumitomo Electric Hardmetal, a subsidiary of Sumitomo Electric Industry to manufacture cutting tools, plans to use recycled tungsten for all cemented carbide tools sold in Japanese market. Tungsten is the main material for cemented carbide tools. The company collects...

Rio Tinto Q4 copper production update - 1/19/2012 6:00:00 AM ET Kennecott Utah Copper contained in concentrates was higher than the prior two quarters but was lower than the fourth quarter of 2010 due to variability in ore grades. Fourth quarter molybdenum production was below prior periods due to lower grades. Full year production...

Kennecott launches production and sales of molybdenum concentrate in Japan - 1/19/2012 5:56:00 AM ET TEX reported that Kennecott Utah Copper, fully owned by Rio Tinto, is to launch production and sales, with planned start up in 2013, of high grade (Mo: 65% to 66%) molybdenum oxide concentrates using Autoclave process facility. Marketing of the product in Japan is being...

Credit card firms see profit in overseas push - 1/18/2012 3:40:00 PM ET Credit card companies are enhancing their services for overseas travelers to draw in new members and encourage card use amid a boom in foreign trips due to the rising yen. Among such services, customers of Mitsubishi UFJ Nicos Co.'s Platinum American Express Card now...

Imperial Metals mine to produce 140000 tonne more copper - 1/18/2012 6:00:00 AM ET Canada's Imperial Metals Corp has received a permit to extend the life of its Huckleberry copper-molybedenum mine by seven years to 2021, allowing it and Japanese stakeholders to continue the current output of 20,000 tonnes a year of refined copper for seven more years. ...

Spot platinum rallies 2 pct as China data lifts markets - 1/17/2012 12:17:00 PM ET On Tuesday 17 January 2012, 18:30 EST SINGAPORE, Jan 17 (Reuters) - Spot platinum rallied as much as 2 percent on Tuesday to $1,522.5 an ounce, after slightly better-than-expected China growth ...

DTI mulling special economic zone for platinum - 1/17/2012 10:11:00 AM ET The Department of Trade and Industry (DTI) is giving serious consideration to the creation of a special economic zone (SEC) for platinum development. DTI director-general Lionel October tells Mining Weekly Online that a DTI team is working with the participants to determine...

Research and Markets: Mining Industry in India - India's mining industry is anticipated to grow further by 1% in the coming times - 1/17/2012 8:51:00 AM ET DUBLIN--(BUSINESS WIRE)--Research and Markets() has announced the addition of the "Mining Industry in India" report to their offering. India is a major mineral producer in Asia and globally. It is currently a global producer of chromite, coal, iron ore and bauxite. India's...

Stratton Announce Further High Grade Drill Results from MAC Project - 1/16/2012 5:54:00 AM ET Stratton Resources Inc announced additional assay results from its initial drilling program at the MAC Molybdenum-Copper Project. In addition, the Company has entered into an option agreement on the Natlan Project, a copper gold porphyry target in west-central British...

Wolf Minerals gets government backing for Hemerdon project - 1/16/2012 5:52:00 AM ET Wolf Minerals has received government backing for its Hemerdon tungsten mine development in Devon. As per report minister of State for Trade, Lord Green wrote to the company expressing his support, adding he hoped the company would proceed quickly with the development of...

Ram Resources update on Motzfeldt Project in South Greenland - 1/16/2012 5:47:00 AM ET Ram Resources has received the last of the results from follow up sampling at the Merino and Romney prospects, within the Motzfeldt Project in South Greenland. Rock chip samples acquired over the two prospects returned potentially economic grades of niobium, tantalum and...

SA platinum miners not worried about power cuts - 1/13/2012 8:30:00 AM ET South African platinum producers said on Friday they were confident there would be sufficient electricity to power their mines this month, despite utility Eskom noting a higher risk of outages on its already volatile system. The spot platinum price jumped to four-week highs...

Prospects promising for platinum to outperform gold - 1/12/2012 4:56:00 PM ET The metal is in its period of seasonal strength and trends in a key consumption market are improving, writes Don Vialoux

Platinum Australia moves to owner-operator at Smokey Hills - 1/12/2012 3:40:00 AM ET ASX-listed Platinum Australia is transitioning to an owner-operator model at its Smokey Hills mine in South Africa, the company reported on Thursday. Platinum Australia said an owner-operator model would place it in a stronger position to meet its production targets and...

Platinum Australia moves to owner operator at Smokey Hills - 1/12/2012 3:40:00 AM ET ASX-listed Platinum Australia is transitioning to an owner-operator model at its Smokey Hills mine in South Africa, the company reported on Thursday. Platinum Australia said an owner-operator model would place it in a stronger position to meet its production targets and...

Hot Chili starts scoping study on Productora project - 1/12/2012 2:24:00 AM ET ASX-listed Hot Chili has started a scoping study on its flagship Productora copper/gold/molybdenum project, in Chile. The scoping study was scheduled for completion in the third quarter of this year.

COPPER EXPANSION: Gibraltar mine, mill increase on track for year-end start - 1/11/2012 4:59:00 PM ET BRITISH COLUMBIA - The expansion of the Gibraltar copper-molybdenum mine and mill to 185 million lb of copper annually is on track for completion by the end of 2012. The project, located 65 km north of Williams Lake, is owned by Taseko Mines... [Full Story]

Taseko says Gibraltar expansion on track, budgets $134m for 2012 - 1/11/2012 4:29:00 PM ET Taseko Mines, the Vancouver-based copper and molybdenum producer, plans to spend $134-million this year to lift output of the red metal from its 75%-owned Gibraltar mine in British Columbia to 140-million pounds yearly. The company has also committed $31-million to advance...

Pacific North jumps on River Valley - 1/10/2012 5:55:00 PM ET Pacific North West Capital (PFN-T) saw it shares surge 24% as it released another nine assays from its River Valley primary platinum group metals (PGM) deposit near Sudbury, Ont. [Full Story]

Silver Is Surging And Miners Are Soaring (RIO, FCX, SCCO) - 1/10/2012 2:44:00 PM ET

Silver Is Surging And Miners Are Soaring (RIO, FXC, SCCO) - 1/10/2012 2:44:00 PM ET

Rock Energy Resources Announces Milling Operations Commence Ahead of Expectations - 1/10/2012 8:05:00 AM ET HOUSTON--(BUSINESS WIRE)--Rock Energy Resources, Inc. (RCKE.PK) announced today that gold milling operations at the Red Arrow mine located in Mancos, Colorado commenced today, meaningfully in advance of expectations of an April 2012 start up. Through its 100% owned...

EMED Mining drop interest in Regua tungsten deposit - 1/9/2012 5:42:00 AM ET EMED Mining told investors that it has dropped its interest in its Portuguese tungsten project. It said that it allowed its option over the exploration permit covering the Regua tungsten deposit to lapse on December 31 2011. EMED in a stock exchange statement said that...

General Moly appoints Mr Robert Pennington COO - 1/9/2012 5:36:00 AM ET Industrial metals and minerals company General Moly, Inc announced that it has appointed Mr Robert Pennington as its Chief Operating Officer General Moly Inc. Mr Pennington joined General Moly in October 2007 as Vice President of Engineering and Construction and has...

Platinum forecasts profit dive - 1/9/2012 1:30:00 AM ET AUSTRALIAN fund manager Platinum Asset Management today forecast first-half profit would fall by up to 19 per cent.

Coppermoly in pre open pending Barrick farm in milestone announcement - 1/6/2012 6:00:00 PM ET Coppermoly (ASX: COY) has been granted a trading halt pending an announcement regarding a significant milestone in the company's farm in agreement with a subsidiary of Barrick Gold Corporation (NYSE: ABX, TSE: ABX).

Police hope Hirata photos lead to abettors - 1/6/2012 3:29:00 PM ET Police released four recent photos Friday of Aum Shinrikyo fugitive Makoto Hirata, who turned himself in on New Year's Eve, hoping to gather information on his nearly 17-year life on the run. The Metropolitan Police Department said it made the photos public because two...

Molycorp secures 78pct of rare earth production at Mountain Pass - 1/6/2012 6:02:00 AM ET Rare earths major Molycorp, Inc reported that it secured 78% of its Phase 1 rare earth production from its flagship Mountain Pass facility. The Colorado based company saw its shares rise 87 cents, or 3.63 percent, climbing to USD 24.85 each on the New York Stock Exchange. ...

First Quantum sells DRC assets to ENRC, Cobre Panama copper project approved, Lithium Americas makes further progress, Baja Mining’s manganese raises excitement, and much more… - 1/6/2012 2:45:00 AM ET The latest issue (over 40 pages) of International Mining Project News, out today, has reports on 23 Prefeasibility Studies, seven Feasibility studies, 32 projects in development, three new operations that have gone into production, eleven existing mines that are expanding,...

Prophecy Platinum starts winter drill program at Wellgreen - 1/5/2012 3:42:00 PM ET Burwash Landing, Yukon - Fifteen km off the paved Alaska Highway in southwestern Yukon, the Wellgreen nickel-copper-PGM project sits largely as it has since 1973, when Hudson-Yukon Mining abandoned underground mining there after one year of... [Full Story]

Platinum Australia admits to gaffe - 1/5/2012 8:00:00 AM ET  Platinum Australia was left red-faced after owning up to sending shareholders the wrong letter about an upcoming rights issue.

Falling platinum prices hit Lonmin - 1/4/2012 3:05:00 PM ET Rights issue speculation weighs on miner as London stocks retreat for first day in four

General Moly Appoints Robert I. Pennington as Chief Operating Officer - 1/4/2012 8:30:00 AM ET LAKEWOOD, Colo.--(BUSINESS WIRE)--General Moly, Inc. (the "Company") (NYSE Amex: GMO) (TSX: GMO) announced that Robert I. Pennington has been appointed Chief Operating Officer. Additionally, the Company announced the hiring of Bernard (Bernie) Pacheco as Mt. Hope project...

HLM Enters Letter of Intent with North American Palladium for the Option to Purchase its Tib Lake PGE Property - 1/4/2012 8:00:00 AM ET SUDBURY, Ontario--(BUSINESS WIRE)--Houston Lake Mining Inc. (TSX.V: HLM) (HLM), announces that it has entered into a Letter of Intent (LOI) with North American Palladium Ltd. (TSX: PDL, NYSE Amex: PAL) whereby North American Palladium would have the Option to Purchase the...

Almost 80% of Molycorp Phase 1 Production Already Committed - 1/4/2012 12:53:00 AM ET

Molycorp ties more product into purchase agreements - 1/3/2012 1:31:00 PM ET Rare earths miner Molycorp said on Tuesday it has signed offtake agreements for 58% of its phase-one production at the Mountain Pass mine. The company has also allocated one-fifth of the 19 050 first-phase output to produce its trademark Xsorbx water treatment products,...

Eastplats finalises $100m loan to fund growth - 1/3/2012 12:54:00 PM ET Eastern Platinum (Eastplats), which produces the precious metal at a mine in South Africa, has finalised a $100-million debt facility with UniCredit Bank and a Standard Bank unit, it said on Tuesday. The TSX- and JSE-listed company will use the proceeds to fund the mine it...

Molycorp secures off-take agreements for 78% of production - 1/3/2012 11:52:00 AM ET Before markets opened on Jan. 3 Molycorp (MCP-N) announced that it has found a home for more than three quarters of its Phase I production ahead of the start up of its rare earth production facility at its Mountain Pass mine in California. [Full Story]

Moly Mines enters strategic alliance with China Development Bank - 1/3/2012 6:02:00 AM ET Moly Mines's Spinifex Ridge Molybdenum / Copper Project is to be put on hold due to low global molybdenum prices as well the high Australian dollar which have rendered the project sub economic. Under the strategic alliance, CDB will provided financial support (including...

Prophecy Coal obtains credit facilities to advance Chandgana Project - 1/2/2012 7:09:00 AM ET Prophecy Coal Corp announced that it has executed a term sheet for a secured debt facility of up to USD 5 million with a leading resource lender and a USD 2 million inter company loan facility agreement with its controlled affiliate, Prophecy Platinum Corp. The Debt...

Moly Mines postpones Spinifex Ridge molybdenum projects - 12/31/2011 7:00:00 AM ET Moly Mines is again postponing its AUD 700 million molybdenum and copper mine projects at Spinifex Ridge in Western Australia. The company explained the move to falling prices of molybdenum, a key ingredient in the manufacture of steel and the strong Australian currency. ...

Jon Nadler Talks about Silver's Cloudy Lining - 12/30/2011 6:40:00 PM ET Jon Nadler, Senior Metals Analyst, Kitco Bullion Dealers, is bearish on silver prices. In his talk at the San Francisco Hard Assets Investment Conference, he provided lots of data to back up his position. Mr. Nadler applied the basic laws of supply and demand mentioning that a decrease in demand for silver and a current surplus points to a decrease in price. He’s not totally against silver though; he just says if you do invest in silver, “Do it in addition to a core position in gold.”

China buys copper stake - 12/30/2011 6:00:00 PM ET A chinese miner agreed to buy into a once-abandoned copper mine today as development of a molybdenum project by a different company was shelved, highlighting the mixed outlook for commodities.

Moly Metals shelves Spinifex - 12/30/2011 9:48:00 AM ET ASX-listed Moly Mines Ltd is to suspend work on its Spinifex Ridge molybdenum-copper project in Western Australia, citing a strong Australian dollar and weak molybdenum prices worldwide.

Fall in Price of Steel-Making Ingredient Causes Postponement of $700-Million Molybdenum Mine Project - 12/29/2011 10:50:00 PM ET

Miners push SA stocks below 2011 breakeven - 12/29/2011 1:57:00 PM ET South African stocks fell further away from their breakeven level for 2011, edging down 0.4 percent on Thursday as miners such as Impala Platinum were hit by a sell-off in precious metals. Trade was thin on the last full session of the year, with market players predicting a...

Playfair's tungsten resource grows at Grey River - 12/29/2011 10:49:00 AM ET Playfair Mining (PLY-V) has increased its inferred resource at Grey River in Newfoundland by 16% to 1.2 million tonnes grading 0.73% tungsten trioxide for 18.8 million pounds of tungsten trioxide or 853,000 metric tonne units (MTUs), the... [Full Story]

Spinifex Ridge project on hold - 12/29/2011 8:00:00 AM ET MOLY Mines has again delayed the start-up of its Spinifex Ridge molybdenum and copper project in Western Australia.

Moly Mines strikes strategic alliance with China Development Bank - 12/29/2011 4:40:00 AM ET Moly Mines forced to suspend ops at Spinifex Ridge copper/moly mine development as funding cut on weak moly prices but strikes strategic alliance with key ...

China buys copper stake - 12/29/2011 12:32:00 AM ET A CHINESE miner invested in a NSW copper mine while a molybdenum project was shelved, highlighting commodities’ mixed fortunes.

Zimbabwe says no immediate raw platinum export ban - 12/28/2011 5:04:00 PM ET Zimbabwe is considering a ban on raw platinum exports in a bid to force miners to set up refineries in the country, but this move will not take place "overnight", a government official said on Wednesday. The southern African country has the second largest known...

Lower metal prices force Moly Mines to halt project development - 12/28/2011 4:53:00 PM ET Lower prices and a higher Australian dollar have combined to force Moly Mines (MOL-T) to put its Spinifex Ridge molybdenum-copper project on hold. [Full Story]

STOCKS TUMBLE AND THE EURO DIVES: Here's What You Need To Know (SPY, DIA, QQQ, BAC, C, MCP, GOOG) - 12/28/2011 4:00:00 PM ET

Freeport-McMoRan Copper & Gold Inc. Declares Quarterly Cash Dividend on Common Stock - 12/28/2011 11:30:00 AM ET PHOENIX--(BUSINESS WIRE)--Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) today declared a cash dividend of $0.25 per share payable on February 1, 2012 to holders of record as of January 13, 2012 for its common stock. FCX is a leading international mining company with...

Moly Mines to halt ops at Australia molybdenum project - 12/28/2011 10:57:00 AM ET Moly Mines Ltd said it will halt operations at its Spinifex Ridge molybdenum and copper project in Western Australia as China Development Bank Corp (CDB) cuts funding for the project due to weak molybdenum prices. In June, the minerals explorer got loans totalling $494...

Moly Mines puts Australian project on hold - 12/28/2011 9:05:00 AM ET Australian molybdenum-copper project stalled due to low molybdenum prices and the effect of a high Australian dollar

Tantaline Wins Top Presenter Award at 2011 New England Venture Summit - 12/27/2011 9:04:00 AM ET WALTHAM, Mass.--(BUSINESS WIRE)--Tantaline announced it was a first place winner as Top Presenter in the Clean Tech track at this year's New England Venture Summit, held December 13-14 at the Hilton Boston-Dedham.

Armed robbers steal platinum bars from plant in Astrakhan - 12/26/2011 5:46:00 AM ET Itar-Tass reported that armed robbers in masks have stolen platinum bars at the cost of about RUB 180 million from the Astrakhan fibreglass plant. The robbery was committed overnight to Sunday. A source in the police department in the Astrakhan Region told Itar-Tass...

Moly Mines reports 1 million tonnes of iron ore shipments achieved - 12/22/2011 6:47:00 AM ET Moly Mines Limited confirmed the shipment of the 1,000,000th tonne of iron ore fines from the Spinifex Ridge Iron Ore Mine. The milestone has occurred within 12 months of the mine's first shipment on 30 December 2010. Dr Derek Fisher Moly Mines CEO and Managing...

Rockmore has developed new drill bit design for hard rock blastholes - 12/20/2011 7:49:00 PM ET Rockmore International has a new drill bit designed for hard rock drilling and blasting operations in drifting intended to increase drilling efficiency and to reduce operating costs. It says "the new B6 design promises to prolong bit life and increase drilling penetration...

Queen Elizabeth receives new Canadian brooch - 12/20/2011 4:06:00 PM ET Queen Elizabeth has received an early gift from Canada to mark next year's 60th anniversary of her time on the throne: a diamond, gold and platinum brooch symbolizing her "special relationship" with a Manitoba-based military regiment.

Recession economics returns to metals - 12/20/2011 2:06:00 PM ET As the prices of aluminium, nickel and platinum fall sharply, investors are asking when mines and smelters will start to close

Alcoa Fastening Systems Named 2010 Platinum Source Preferred Supplier - 12/20/2011 1:01:00 PM ET TORRANCE, Calif.--(BUSINESS WIRE)--Alcoa Fastening Systems (AFS) is proud to announce that its Sylmar Operations (Valley-Todeco) was recently honored by Northrop Grumman Corporation with a Platinum Source Preferred Supplier Award. It is the fourth consecutive year this...

Wolf Minerals gets GBP 55 million finance for Devon tungsten mine - 12/20/2011 6:37:00 AM ET Wolf Minerals said that it had reached a major milestone in the development of the Hemerdon tungsten project in Devon after three banks agreed to provide GBP 55 million of senior debt. Mining project finance specialists UniCredit Bank, ING Bank and Caterpillar Financial...

GeoMegA Resources update on Montviel project - 12/20/2011 6:34:00 AM ET GéoMégA Resources announced that initial results from its phase 2 drilling program at its Montviel rare earths project, located north of Lebel sur Quévillon, Québec. Notable results included 2% total rare earth oxide over 327 metres and 0.75% niobium...

TEX update on western world molybdenum concentrates output in 9M 2011 - 12/20/2011 6:15:00 AM ET Production details of molybdenum concentrates during the nine months of 2011 in the western world is as per the table attached hereto, which shows that, on molybdenum content basis. North America produced 119.27 million pounds of molybdenum concentrates during the nine...

Xstrata Technology’s 100th IsaMill goes to Anglo American Platinum - 12/19/2011 7:25:00 PM ET Xstrata Technology (XT) has celebrated the sale of the 100th IsaMillTM into the global mineral processing industry. The mill was one of four large 3 MW, M10,000 IsaMills installed in South Africa at projects operated by Anglo American Platinum (AAP), two of which are...

Montero assembles new mineral processing team for Wigu Hill - 12/18/2011 7:16:00 PM ET Montero Mining and Exploration has assembled a highly experienced team of mineral processing and chemical engineers including Geoff Skelton, former head of development at the Impala Platinum hydrometallurgical refinery and Richard Amata, former Senior Chemist with Molycorp...

Lumina drilling update on Taca Taca project - 12/18/2011 5:28:00 AM ET Lumina Copper Corp announced results from 11 new holes (holes TT11-50 - TT11-60) drilled as part of the ongoing exploration and development program at its 100% owned Taca Taca copper/gold/molybdenum deposit located in Salta province, Argentina. Results are highlighted by...

World-Leading Manufacturer AVX First in the Industry to Announce Validated Conflict-Free Tantalum - 12/16/2011 6:06:00 PM ET FOUNTAIN INN, S.C.--(BUSINESS WIRE)--AVX Corporation, a leading manufacturer of advanced passive components and interconnect solutions, is proud to announce that as of December 1st 2011, all its current tantalum powder and wire suppliers are fully compliant with the...

Molycorp Secures Government Approval To Conduct Heavy Rare Earth Exploratory Drilling - 12/16/2011 8:00:00 AM ET GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Molycorp, Inc. today announced that it has been granted authorization from the BLM to commence exploratory drilling at an occurrence of heavy rare earths located near Mountain Pass, California.

Antofagasta approves Antucoya copper mine development in Chile, Kinross completing feasibility work at Fruta del Norte in Ecuador, a new tungsten mine opens in Brazil and much more - 12/16/2011 6:16:00 AM ET The latest issue of International Mining Project News (almost 50 pages), out today, has reports on 18 Prefeasibility Studies, 25 Feasibility studies, 32 projects in development, nine new mines that have gone into production, nine existing mines that are expanding, seven...

Thompson Creek raises $270M with gold stream sale - 12/15/2011 7:59:00 PM ET   Vancouver -Thompson Creek Metals (TCM-T, TC-N) has pre-sold another chunk of future gold production from its Mt. Milligan project to Royal Gold (RGL-T, RGLD-Q) in the face of a softened molybdenum market and two projects under... [Full Story]

New mine water treatment app from Purolite - 12/15/2011 7:26:00 PM ET Speciality resins company, Purolite has published an IPHONE/IPAD App containing useful resources related to water treatment, especially ion exchange. The free app can be downloaded from the App store, where it can be readily found by searching for "Purolite". The App has...

BOOK EXCERPT: Zombie Banks, By Bloomberg's Yalman Onaran - 12/15/2011 9:51:00 AM ET

Royal Gold Increases Gold Stream Interest in the Mt. Milligan Project - 12/15/2011 9:00:00 AM ET DENVER--(BUSINESS WIRE)--Rold Gold announces increased interest on the Mt. Milligan project. Adds an additional 15% interest for a total interest of 40%

Platinum Australia submits mining application for Rooderand - 12/15/2011 3:16:00 AM ET South Africa-focused Platinum Australia on Thursday reported that it was one step closer to obtaining a mining right for its Rooderand joint venture (JV) after its partner Alta Mining Resources submitted the mining right application. The mining right application would now...

Anglo punts platinum fuel cells to provide clean power, cut carbon, sustain jobs - 12/15/2011 3:15:00 AM ET Hydrogen fuel cells using platinum catalysts are efficient, versatile and scaleable and represent a proven technology that ensures clean, reliable and cost-effective power. This is a strong endorsement of the long-studied fuel-cell technology. Cynthia Carroll, CEO of the...

COMMODITIES CARNAGE - 12/14/2011 2:24:00 PM ET

Freeport-McMoRan Copper & Gold Inc. Announces Successful Resolution of PT-FI Labor Issues and Updates Status of PT-FI Operations - 12/14/2011 8:30:00 AM ET PHOENIX--(BUSINESS WIRE)--Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) reported today that PT Freeport Indonesia (PT-FI) has reached terms with union officials to be incorporated in a two year extension of its Collective Labor Agreement. The labor strike, which commenced...

Aquarius confirms Mimosa ownership deal - 12/13/2011 5:38:00 AM ET Aquarius Platinum confirmed on Tuesday that local communities have acquired a stake in the Mimosa mine in Zimbabwe, which it jointly owns with world number-two platinum miner Impala Platinum (Implats). The transaction is part of the final indigenisation plan on which Mimosa...

Research and Markets: Tribology of Ceramics and Composites: Materials Science Perspective - 12/12/2011 6:22:00 PM ET DUBLIN--(BUSINESS WIRE)--Research and Markets () has announced the addition of John Wiley and Sons Ltd's new book "Tribology of Ceramics and Composites: Materials Science Perspective" to their offering. This book helps students and practicing scientists alike understand...

Implats Zimbabwe JV gives 10% stake to locals - minister - 12/12/2011 9:12:00 AM ET Zimbabwe's platinum miner Mimosa, a 50/50 joint venture between Implats and Aquarius, has given a 10% stake to locals under an empowerment agreement, the Empowerment Minister said on Monday. "This is the first phase of their compliance, they have given 10% shareholding...

Northam Platinum says mine halted for inspections - 12/12/2011 7:38:00 AM ET Northam Platinum, one of South Africa's smaller platinum producers, said on Monday its only producing mine has been hit by several stoppages due to government safety inspections. "Northam's Zondereinde mine has, for a number of months, been the subject of unannounced...

ECR Minerals reports best copper grade so far this year at Copper Flat project - 12/11/2011 6:35:00 AM ET ECR Minerals announced further high grades from drilling at the Copper Flat copper, molybdenum, gold and silver project in New Mexico. The figures included the highest grade copper result so far received in 2011. Associate THEMAC Resources Group, in which ECR holds...

Peru metals production up in October 2011 - 12/11/2011 6:31:00 AM ET Peru's Ministry of Energy and Mining reported the production of iron ore, gold, tin and molybdenum all increased in October 2011. However, Peruvian copper, lead and zinc output all declined during the same period, the ministry reported. Gold production was up 8.06% from...

Allegheny Technologies Declares Quarterly Dividend - 12/9/2011 11:52:00 AM ET PITTSBURGH--(BUSINESS WIRE)--Quarterly Dividend

Allegheny Technologies Elects New Director - 12/9/2011 8:43:00 AM ET PITTSBURGH--(BUSINESS WIRE)--New Director

Xstrata still sees value in Lonmin investment - 12/8/2011 6:16:00 AM ET Reuters reported that Global miner Xstrata still saw value in its investment in Lonmin despite a significant underperformance in the platinum producer's share price against the sector this year. Xstrata owns almost 25% of Lonmin after a 2008 cash bid was derailed by the...

Xstrata says still sees value in Lonmin investment - 12/7/2011 3:27:00 AM ET Global miner Xstrata said on Tuesday it still saw value in its investment in Lonmin, despite a significant underperformance in the platinum producer's share price against the sector this year. Xstrata owns almost 25% of Lonmin, after a 2008 cash bid was derailed by the...

Xstrata says still sees value in Lonmin investment - 12/6/2011 3:08:00 PM ET Global miner Xstrata said on Tuesday it still saw value in its investment in Lonmin, despite a significant underperformance in the platinum producer's share price against the sector this year. Xstrata owns almost 25% of Lonmin, after a 2008 cash bid was derailed by the...

Platinum touches 26-year low versus gold - 12/6/2011 1:42:00 PM ET The price of the precious metal fell below the $1,500 an ounce mark for the first time in six weeks

BHP Billiton conducting a review of diamonds business; considering selling - 12/5/2011 7:27:00 PM ET BHP Billiton is reviewing its diamonds business, comprising the interests in the EKATI diamond mine and the Chidliak exploration project in Canada. Its strategy is to invest in large, long life, upstream and expandable assets while remaining a simple and scalable...

Short Sellers Place Record Bet on Molycorp as Rare Earths Sink - 12/5/2011 2:42:00 PM ET

Platmin to delist, shares plunge - 12/5/2011 2:06:00 PM ET Platinum junior Platmin said on Monday shareholders approved a share buyback, which the company will undertake after it delists from the Toronto and Johannesburg stock exchanges this month. The company said it decided to go private because the market undervalued it, and...

Thor Mining confident of profitable operation at Molyhil molybdenum project - 12/5/2011 6:47:00 AM ET Thor Mining said that it is very confident its Molyhil tungsten and molybdenum project in Australia would be a profitable operation. Addressing shareholders at its annual meeting, executive chairman Mr Mick Billing said previous estimates from the reverse circulation...

MDM awarded EPC contract for Tharisa chromite/platinum expansion - 12/4/2011 7:15:00 PM ET MDM Engineering Group has signed the contract for the Engineering, Procurement & Construction (EPC) of Tharisa Minerals' chromite and platinum expansion project in South Africa, near Marikana. The EPC contract has been awarded on a fast track basis and the project is...

Global molybdenum market depends a lot on China - Mr Jahangir - 12/4/2011 7:21:00 AM ET In an interview with Roskill Information Service on the third day of 'Molybdenum week', Mr Khayyam Jahangir manager of Steel Alloys Research said that "China is in the focus again, today we take a closer look at the market developments behind molybdenum price decline in...

RBPlat sees Styldrift 1 first output by 2015 - 12/2/2011 8:37:00 AM ET South Africa's Royal Bafokeng Platinum said on Friday it expects to have first production at its Styldrift 1 project in the second quarter of 2015. RBPlat, a black-controlled, mid-tier producer of platinum group metals, said in a presentation posted on its website that...

Black Fire secures capital raising to advance JORC Resource delineation - 12/2/2011 6:29:00 AM ET Black Fire Minerals has received firm commitments to raise USD 4 million before costs to advance drilling programs at the Kangeshi Copper Silver Project and Pilot Mountain Tungsten Copper Project. The money will be raised through the issue of 40 million shares at USD...

Lil Wayne Earns 5 Grammy Award Nominations - 12/1/2011 7:56:00 PM ET NEW YORK--(EON: Enhanced Online News)--Rap luminary and Cash Money / Universal Republic Grammy Award-winning, multi-platinum recording artist Lil Wayne has landed five 2012 Grammy Award nominations in four categories. Those nominations extend across both pop and hip-hop...

Rugby Mining announces acquisition of Rio Chico and Zonda project - 12/1/2011 6:38:00 AM ET Rugby Mining Limited announced that it has entered into option agreements to earn up to 100% interest in the Rio Chico gold, platinum and copper project and the Zonda porphyry gold and copper project in Argentina. Rio Chico is located near the town of San Francisco in...

Molycorp Forms Rare-Earth Joint Venture With Japan's Daido Steel, Mitsubishi - 11/30/2011 1:44:00 PM ET

AdvancedEPM Consulting Achieves Oracle PartnerNetwork Specialization in Oil & Gas - 11/30/2011 10:48:00 AM ET CLEVELAND--(EON: Enhanced Online News)--AdvancedEPM Consulting, a Platinum level member in Oracle PartnerNetwork (OPN), announced today that it has achieved an Oil & Gas industry Specialization.

Pan African sends off first PGM concentrate - 11/30/2011 4:16:00 AM ET Precious metal miner Pan African Resources has produced its first platinum-group metals (PGMs) concentrate at its Phoenix chrome tailings retreatment plant (CTRP) in the North West province two months early. The concentrate was sent to Western Platinum, an operating...

Molycorp delivers on magnet-making jv - 11/29/2011 12:51:00 PM ET In August Molycorp's (MCP-N) proposed partnership with Hitachi Metals to create a joint-venture that would manufacture neodymium-iron-boron (NdFeB) alloy and permanent  rare earth magnets fell through when the two companies failed to reach... [Full Story]

Molycorp to Present at Upcoming Investor Conference - 11/29/2011 9:17:00 AM ET GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Molycorp, Inc. (NYSE: MCP) today announced that it will present to the investment community at the following conference in New York, NY. November 30, 2011 at 11:45 AM ET: J.P. Morgan SMid Cap Conference in New York. Webcast...

Molycorp, Daido Steel, & Mitsubishi Corporation Announce Joint Venture To Manufacture Sintered NdFeB Rare Earth Magnets - 11/28/2011 11:30:00 AM ET GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Molycorp, Inc. (NYSE: MCP) (Molycorp), Daido Steel Co., Ltd. (Daido), and Mitsubishi Corporation (Mitsubishi) today announced the formation of a joint venture to manufacture and sell next-generation neodymium-iron-boron (NdFeB)...

Mine nationalisation report to be redrafted - 11/28/2011 8:08:00 AM ET South Africa's ruling African National Congress has returned a long-awaited report with policy recommendations on the issue of mine nationalisation for redrafting to improve its presentation, a senior party official said on Monday. Investors are keen to know what the report...

Platinum Group makes new Bushveld discovery - 11/25/2011 8:17:00 PM ET Vancouver - Platinum Group Metals (PTM-T) has hit high grade precious metal intercepts in an area north of the previously mapped Bushveld Complex in South Africa. [Full Story]

Freeport to vary output as it starts moly mine - CEO - 11/25/2011 7:21:00 AM ET Reuters cited Mr Richard Adkerson president and CEO of Freeport McMoran Copper and Gold Inc as saying that the company will complete its Climax molybdenum project sometime around the end of 2011 and will ramp up production during 2012 but will vary output according to...

Northam seals two-year wage deal with NUM, Solidarity - 11/25/2011 3:59:00 AM ET The National Union of Mineworkers (NUM) and Solidarity have reached a two-year age agreement with JSE-listed Northam Platinum this week, following wage negotiations over the past five months. The average wage increases ranged from 9% to 9.5% in both years. The increases...

NUM signs two-year wage deal with Northam - 11/25/2011 3:59:00 AM ET The National Union of Mineworkers (NUM) and miner Northam Platinum have reached a two-year wage agreement, union spokesperson Lesiba Seshoka said on Friday. The average wage increases range from 9% to 9.5% in year one, and 9% to 9.5% in year two. The increases will be...

Gareth Hatch: Navigating the Rare Earth Metals Landscape - 11/24/2011 7:45:00 PM ET Gareth Hatch, co-founder of Technology Metals Research LLC, gives us the lay of the land in the rare earth sector. Many variables are shaping this developing market, and from calculating global demand to anticipating individual project costs, data makes the difference in determining viable investments. Gareth Hatch gets down to the nitty gritty in this Critical Metals exclusive, and comes up with some promising projects in the works.

Zimbabwe hikes mining royalties - 11/24/2011 10:05:00 AM ET Zimbabwe will double its platinum mining royalties to 10% in its 2012 budget and increase the levy on gold to 7% from 4.5%, the Finance Minister said on Thursday.

Zimbabwe doubles platinum mining royalties - 11/24/2011 10:05:00 AM ET Zimbabwe will double its platinum mining royalties to 10% in its 2012 budget and increase the levy on gold to 7% from 4.5%, the Finance Minister said on Thursday.

Resource Star drilling commences at Machinga rare earths project - 11/24/2011 6:21:00 AM ET Resource Star has flagged the start of drilling at the Machinga Rare Earths Project in Malawi by Globe Metals and Mining. The 4,000 meter reverse circulation drilling program is designed to extend the significant heavy rare earth oxides and niobium mineralization...

Resources Watch - 11/24/2011 1:15:00 AM ET This week: Platinum market to end 2011 in modest oversupply Mining companies urged to be ready for beneficiation framework Platinum demand forecast to grow by 5.8% each year to 2020

MOLYBDENUM-COPPER EXPLORATION: First assays from MAC project are promising - 11/23/2011 4:59:00 PM ET BRITISH COLUMBIA - Stratton Resources of Vancouver has released the first set of assays from its MAC molybdenum-copper project 80 km northwest of Fort St. James. The best result so far is 0.123% Mo and 0.219% Cu over 93 metres. The work is... [Full Story]

Brazilian ferroniobium exports in Oct dropped by 2.7pct MoM - 11/23/2011 6:18:00 AM ET TEX reported that Brazil's exports of ferroniobium during January to October 2011 period was 5,607 tonnes (weight of the material), down by 2.7% MoM. After two months of steady increase, October was a month of a break. The month's total exports were almost level with the...

Magma to spin-off WA gold projects - 11/23/2011 3:41:00 AM ET ASX-listed Magma Metals has announced plans to spin-off its Western Australian gold assets in a gold-focused exploration company called Greenstone Metals. The assets that would form part of Greenstone Metals include the Lake Grace, Griffins Find, Laura River, Roe and Mount...

IM tours Los Bronces expansion project which is ramping up on schedule - 11/23/2011 2:38:00 AM ET Anglo American has announced the delivery of the first copper production on schedule from its Los Bronces expansion project in central Chile, visited by IM Editor Paul Moore on November 22. The expansion is expected to more than double (on average over the first three years...

COPPER-MOLYBDENUM EXPANSION: Imperial to add seven years to Huckleberry mine - 11/22/2011 5:00:00 PM ET BRITISH COLUMBIA - Imperial Metals of Vancouver is preparing its Main zone optimization (MZO) plan that will add seven years to the life of the Huckleberry copper-molybdenum mine 123 km south of Houston by expanding the Main zone pit and... [Full Story]

Precious Metals Rally, Gold Tops $1700 Again (FCX, KGC, SCCO) - 11/22/2011 2:50:00 PM ET

Esco invests in wear-resistant slurry pipeline technology - 11/21/2011 7:26:00 PM ET ESCO Corp has completed a strategic investment in TSI Surface Technologies (TSI), which provides wear mitigation solutions to the Canadian oil sands mining industry. ESCO maintains a minority share in the company with the formal closing of the deal. Located in Alberta, TSI...

Molycorp says rare earth price plunge may crimp mine funding - 11/21/2011 6:00:00 PM ET Molycorp Inc., owner of the largest rare-earth mine outside China, said new developers may face difficulty funding new operations after prices plunged.

TANTALUM-LITHIUM STUDY: Pre-tax NPV for Rose deposit is $488 million - 11/21/2011 4:59:00 PM ET QUEBEC - Critical Elements Corp. of Montreal is in receipt of the preliminary economic assessment for its Rose tantalum-lithium project in the James Bay area. The pre-tax net present value was estimated at $488 million at an 8% discount, and... [Full Story]

Woulfe Mining reports drill results for the phase 2 feasibility drilling program - 11/21/2011 1:20:00 PM ET Vancouver, BC - (MetalsNews.com - November 21 2011) - Woulfe Mining Corp. ("Woulfe” or the “Company”) (TSX-V: WOF) is pleased to announce assay results for the first batches of samples associated with the phase 2 drilling program at Sangdong. Following the completion of the highly successful phase 1 drilling program earlier this year, Woulfe has embarked on a second round of drilling to upgrade the Inferred resources in the upper portion of the deposit.

Molycorp: A Made-in-America solution - 11/21/2011 12:49:00 PM ET In late October Molycorp (MCP-N) bused journalists from Fortune, Wired, Mother Jones and The Northern Miner, among others, down Interstate 15 from Las Vegas to meet president and chief executive Mark Smith and tour the company's Mountain Pass... [Full Story]

Thor Mining receives investor backing to ramp up exploration at gold and tungsten projects - 11/20/2011 5:42:00 AM ET Thor Mining is well placed to focus on advancing its gold and tungsten projects in Western Australia and the Northern Territory after successfully raising EUR 270,000 through a share placement. The company placed 27 million shares to UK sophisticated clients of Simple...

Copper Fox announces completion of 2 diamond drilling holes at Schaft Creek - 11/20/2011 5:37:00 AM ET Copper Fox Metals announced results from two diamond drill holes completed in the Paramount Zone of its Schaft Creek copper, gold, molybdenum and silver deposit in BC with results pointing to higher metal and copper equivalent grades than in the latest resource estimate for...

Molycorp Says Rare Earth Price Plunge May Crimp Mine Funding - 11/20/2011 5:31:00 AM ET

Implats says Rustenburg shaft closed, 2 workers trapped - 11/18/2011 9:44:00 AM ET Impala Platinum, the world's second-largest producer of the precious metal, said on Friday that a search and rescue operation was underway for two workers trapped after a fall of rock incident at its Rustenburg operation and production was stopped at the affected shaft....

Lumina updated interim mineral resource estimate for Taca Taca project - 11/18/2011 6:26:00 AM ET Lumina Copper Corporation announced that it has received an updated interim mineral resource estimate on its 100% owned Taca Taca copper, gold and molybdenum project located in Salta province, Argentina. The estimate significantly increases the known sulphide copper, gold...

Baosteel issues December ferromolybdenum purchase price - 11/18/2011 5:11:00 AM ET Baosteel released its high carbon ferromolybdenum purchase price for December shipments, setting it at CNY 122,300 per tonne to CNY 122,500 per tonne down CNY 2,200 to CNY 2,500 from the prior month. Purchase volume is about 120 tonnes. The price above includes 17% VAT,...

It's An Absolute Bloodbath Across The Commodities Markets - 11/17/2011 3:31:00 PM ET

Polymet Introduces New Tungsten Carbide Hardfacing Wires - 11/16/2011 7:00:00 PM ET Polymet is now pleased to offer its unique tungsten carbide harfacing wire as a standard product

MOLYBDENUM EXPLORATION: Long, strong intersections at former Kitsault mine - 11/16/2011 4:59:00 PM ET BRITISH COLUMBIA - Avanti Mining of Vancouver is hitting long and strong intersections at the former Kitsault molybdenum mine north of Prince Rupert. The best hole returned 0.378% Mo over 85.4 metres. The company is drilling south of Patsy... [Full Story]

EMC Named as a Platinum Partner for UP 2011 Cloud Computing Conference - 11/16/2011 10:42:00 AM ET OAKVILLE, Ontario--(EON: Enhanced Online News)--EMC to Showcase Industry-Leading Cloud Computing Solutions with EMC CTO Jeff Nick set to Deliver Keynote Address at UP 2011 Cloud Conference in Mountain View.

ESCO Corporation Makes Strategic Investment in the Oil Sands and Hydro-Transport Market - 11/16/2011 10:01:00 AM ET PORTLAND, Ore.--(BUSINESS WIRE)--ESCO Corporation is pleased to announce that it has completed a strategic investment in TSI Surface Technologies (TSI), which provides wear mitigation solutions to the Canadian Oil Sands mining industry. ESCO maintains a minority share in...

Fifth Third Bancorp 2010 Corporate Social Responsibility Report Wins Two Platinum MarCom Awards - 11/16/2011 8:33:00 AM ET CINCINNATI--(EON: Enhanced Online News)--Fifth Third Bancorp CSR Report Wins MarCom Platinum Awards

Update on Chinese molybdenum trade balance in September - 11/16/2011 6:16:00 AM ET China's Customs Statistics has announces China's trade balance of molybdenum in September 2011 as well as in the January to September 2011 period. The balance had been export surplus during the first five months this year, until May, but in June and July it turned to...

Eastplats resumes production at South African mine - 11/15/2011 6:32:00 PM ET Eastern Platinum said it has resumed full production at its flagship Crocodile River mine in South Africa, following a probe into a fatal accident at the mine earlier this month. The company, which produces platinum group metals (PGM) that include platinum, palladium and...

General Moly Announces Pre-Feasibility Study on Liberty Project Indicating an Estimated Net Present Value of $538 Million - 11/15/2011 5:47:00 PM ET LAKEWOOD, Colo.--(BUSINESS WIRE)--General Moly, Inc. (the "Company") (NYSE Amex and TSX: GMO) announced the completion of an updated Pre-Feasibility Study of its 100%-owned Liberty project, which estimates production, capital and operating cost parameters along with project...

Platinum set for demand rise, supply surplus - 11/15/2011 1:52:00 PM ET

Anooraq reports higher Q3 Bokoni production - 11/15/2011 6:58:00 AM ET JSE-and TSX-listed Anooraq Resources CEO Harold Motaung on Tuesday reported improved third-quarter operational performance at the Bokoni mine, which it owns together with Anglo American Platinum (Amplats). The company implemented initiatives that have resulted in improved...

Colossus explores extended land package - 11/14/2011 3:06:00 PM ET The gold-platinum-palladium enriched Central Mineralised Zone at Colossus Minerals' (CSI-T) Serra Palada project plunges gently southwestward away from the surface area that was historically mined out by artisanal miners in what became the... [Full Story]

Eastplats Q3 profit falls on labour issues - 11/14/2011 10:01:00 AM ET Canadian miner Eastern Platinum's quarterly profit fell as production at its flagship Crocodile River mine in South Africa was hit due to labour disruptions. For the July-September period, net income fell to $1.4-million, and broke even on a per share basis, compared with a...

Northam arranges R1bn loan for Booysendal - 11/14/2011 8:03:00 AM ET JSE-listed Northam Platinum has arranged a R1-billion credit facility to help support key strategic initiatives, particularly the development of the Booysendal mine, it said on Monday. The platinum-group metals company said it entered into a facility agreement with Nedbank,...

China Cuts Back Exports of Special Metals Tin, Tungsten, Antimony, Molybdenum in 2012 - 11/14/2011 6:01:00 AM ET China has announced it would cut down its export quotas of special metals in 2012, which could push world prices higher. Reports from ...

Lonmin warns on market volatility - 11/14/2011 5:25:00 AM ET Platinum miner fears 'unpredictable' trading could hit annual sales targets

Molycorp slumps, Nvidia shines after hours - 11/11/2011 7:09:00 PM ET

General Moly Provides Update on State of Nevada Permits - 11/11/2011 8:30:00 AM ET LAKEWOOD, Colo.--(BUSINESS WIRE)--General Moly, Inc. (the "Company") (NYSE Amex and TSX: GMO) provided an update to progress related to major State of Nevada permits, including the Air Quality Permit, Water Pollution Control Permit, Reclamation Permit, and Dam Safety...

10 Things You Need To Know Before The Opening Bell (DHI, ATP, NVDA, JWN, MCP, SPY, SNP, EWI) - 11/11/2011 7:28:00 AM ET

10 Things You Need To Know This Morning (DHI, ATP, NVDA, JWN, MCP, SPY, SNP, EWI) - 11/11/2011 7:27:00 AM ET

1 - 217 of 217