News

Minews Story: July 31, 2010

That Was The Week That Was ... In Australia

Minews. Good morning Australia. More election doldrums for you?

Oz. Yes, and no. The market was certainly flat, but the election campaign picked up speed, as the conservative Liberal and National Parties squeezed past Labor in

Minews Story: July 30, 2010

That Was The Week That Was … In Canada

Minews. Now, over to our Canadian Correspondent for a look at how the Canadian arkets performed over the past week.

CC. It was all about earnings this past week, with the biggest gold miners and the biggest potash player all

Minews Story: July 30, 2010

Diary Of A Private Investor At Diggers & Dealers: Prelude In Perth

Paper, Scissors and Stone, an old family game, has struck this investor as a useful way of looking at the conditions in Australia. Take the Stone for mining companies, the Paper for government and the Scissors for all the other

Minews Story: July 29, 2010

Woulfe Mining Gets A Flying Start For Its Plan To Produce Tungsten, Molybdenum And Gold In South Korea

Well, we managed it in the end .... had a meeting with Woulfe Mining Corporation, that is. It all kicked off when a PR man operating from France rang to suggest a meeting with a company that appeared to be called Wolf, in the

Minews Story: July 29, 2010

European Nickel’s New Strategic Partnership With Hunter Dickinson Provides A Useful Pointer For Investors

Simon Purkiss, executive deputy chairman of European Nickel, a company now listed on the ASX as well as on Aim, following the recent merger with Rusina Mining, freely admits that 2009 was a dark period for him and his company.

Minews Story: July 29, 2010

Kryso Secures Heavyweight Chinese Backing For The Development Of The Three Million Ounce Pakrut Gold Deposit In Tajikistan

In some ways it’s the junior miner’s 21st century dream: a big Chinese sugar daddy comes on board, solving all financing and development worries at a stroke. Life’s not always so simple, as European Nickel, and one or two others

Minews Story: July 28, 2010

The Combination Of Firestone Diamonds And Kopane Will Create A Third Force In Junior Diamond Production, After Gem And Petra

The markets haven’t exactly embraced the proposed Firestone-Kopane marriage with open arms, notwithstanding that several key investors are behind the deal. Following the news Firestone shares dropped by just over 20 per cent to

Minews Story: July 28, 2010

A Marsupial’s Breakfast Or A National Treasure? The Verdict Is Still Out On Kangaroo Resources

There are two ways to consider a kangaroo. Either it is Australia’s national animal emblem, and half the country’s coat of arms. Or it is a large marsupial with characteristics more akin to a rat than to your conventional lion or

Minews Story: July 28, 2010

Following A Successful Fundraising, Eskay Mining Is Ready To Drill Its Extensive Ground Around The Old Eskay Creek Mine In British Columbia

It’s big country. You only need to look at a map to tell that. Up at the Eskay Creek Properties, Eskay Mining’s neighbours to the east are, firstly, Seabridge, with its multi-million ounce Kerr-Sulphurets-Mitchell project, and

Minews Story: July 27, 2010

Sumatra Copper & Gold Signs Up Newcrest As An Exploration Partner In Indonesia

The summer slowdown may be imminent, or may indeed already be upon us, but down in Australia, markets are still showing signs of life. There was certainly vibrant activity when Sumatra Copper & Gold announced that it had gone

Minews Story: July 27, 2010

The Uranium Shortfall Is Coming, According To Alan Eggers Of Manhattan Corporation

No-one is better qualified (or named) to egg on investors in uranium companies than Alan Eggers, chief executive of the Australian explorer, Manhattan Corporation. For the past year he has been chief cheer leader of a rather

Minews Story: July 27, 2010

Guinea Warns Rio Tinto And Chinalco That Their Remaining Iron Ore Rights At Simandou May Be Lost

The exploration rights currently held by Rio Tinto over the Simandou iron ore deposit in the west African republic of Guinea may be revoked soon, according to the Guinean Minister of Mines and Geology, Mahmoud Thiam. In a letter

Minews Story: July 26, 2010

Strategic Natural Resources Fields Enquiries From India, China, And Korea Regarding The Export Of Its Coal From The Eastern Cape

As a type of coal, anthracite isn’t everyone’s cup of tea. It has a low, or at least, a volatile calorific content, and it is difficult to ignite. Indeed, the ancient Greek from which the word “anthracite” is derived actually

Minews Story: July 26, 2010

Shares In Karelian Diamonds Soar As It Joins Forces With Rio On The Ground In Finland

“We’re well pleased with it”, says Professor Conroy of the recent agreement between his Finnish diamond company, Karelian Diamonds, and Rio Tinto. The markets were well pleased too, pushing Karelian’s shares up by almost 200 per

Minews Story: July 25, 2010

That Was The Week That Was ... In London

In London, the market volatility continued, though the summer slowdown is becoming apparent with most attention now focused on the FTSE 100 stocks. As a result, the FTSE 100 miners gained an average of 9.4 per cent, while the

Minews Story: July 24, 2010

That Was The Week That Was ... In Australia

Minews. Good morning Australia. How is your election campaign affecting the market?

Oz. Not badly is the answer, not that politicians can take any credit. Last week’s better-than-expected 3.5 per cent rise in the metals and

Minews Story: July 24, 2010

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 Bank of Canada raised interest rates by 0.25 per cent to 0.75 per cent, and lowered its forecast for

Minews Story: July 23, 2010

Ariana Can Get Back To Exploration Now That It Has A Turkish Construction Company With Metallurgical Expertise As A Development Partner

For investors, it is usually a wise strategy never to accept a joint venture for what it appears to be until it is actually a completed agreement. So often there are there are little changes round the edges that can end up

Minews Story: July 22, 2010

A Grizzly In Elephant Country: Grizzly Discoveries Sets The Drill Rigs To Work On The Greenwood Property In British Columbia

“The area we’re drilling is elephant country”, says Griz Testo, chief executive of Grizzly Discoveries. He’ll get no argument there – British Columbia is big mining country in anybody’s book, both in terms of sheer scale, and in

Minews Story: July 22, 2010

Nat Rothschild Raises Nearly £700 Million For Vallar, But What Comes Next Remains A Matter For Speculation

So Nathaniel Rothschild has got Vallar, his latest investment vehicle, on to the London board. If he hadn’t, that would have been the surprise. But what he plans to do with it remains the object of much speculation. A Russian