Cecilia Jamasmie , Editor-in-Chief

Buchans Minerals to create new base metal company

Atlantic Canada miner Buchans Minerals Corp (BMC.V) is selling stakes in three properties near Buchans, N.B., to SG Spirit Gold Inc. (SG.V) as part of its efforts to create a new company concentrating on developing base-metal mining opportunities in Newfoundland and New Brunswick.

Cecilia Jamasmie | December 13, 2011 | 3:49 pm

Endeavour Silver finds high-grade zones in Mexico

Vancouver-based miner Endeavour Silver has discovered two high-grade silver/gold zones at its Guanajuato mine in Mexico and anticipates a significant increase in reserves and resources at the mine at the year-end.

Cecilia Jamasmie | December 13, 2011 | 3:03 pm

Lucara receives record price for its Lesotho diamonds

A total of US$6.4 million obtained Lucara Diamond Corp. for the sale rough diamonds at its second tender of gems recovered from the Mothae mine in Lesotho. The company reported that all 28 lots offered received multiple bids with 7,190 carats garnering an average price of $893 per carat.

Cecilia Jamasmie | December 13, 2011 | 2:02 pm

Lundin Mining foresees a rise in zinc and copper production in 2013 and 2014

Lundin Mining (TSE:LUN) said Monday that higher grades of ore and a ramp up of production is expected to boost zinc and copper production in 2013 and 2014.

Cecilia Jamasmie | December 12, 2011 | 5:08 pm

Fracking can cause water pollution: EPA

Environmentalists and academics alike welcomed the latest report by the U.S. Environmental Protection Agency (EPA), which confirms a link between hydraulic fracturing for natural gas —or fracking— to groundwater contamination.

Cecilia Jamasmie | December 12, 2011 | 4:15 pm

New mining minister appointed in Peru amid deepening crisis

Jorge Humberto Merino, an engineer who worked for the Peruvian government agency that promotes foreign investment, swore in last night as the new mines and energy minister, amid a mining crisis that has had the country under state of emergency since Dec. 4.

Cecilia Jamasmie | December 12, 2011 | 2:44 pm

Extract Resources calls shareholders to “take no action” regarding Chinese takeover bid

Australia's Extract Resources Ltd., owner of the world’s fourth-largest uranium deposit, advised shareholders to take no action regarding the $2.2 billion takeover bid from Chinese nuclear fuels supplier Guangdong Nuclear Power Corp (CGNPC).

Cecilia Jamasmie | December 9, 2011 | 6:39 pm

China bets on Bolivian lithium

Chinese state company CITIC Guoan Group Corp. will commence exploration of the Bolivian salt flats to determine and quantify reserves of lithium and potassium, under the an agreement signed by the parties in August, reports America Economia magazine.

Cecilia Jamasmie | December 9, 2011 | 4:16 pm

Codelco to invest US$ 244 million in Quetena copper deposit

Codelco, the world's largest copper producer, will invest US$ 244 million to speed up the development of its Quetena copper deposit in northern Chile, an open pit operation that will produce 62,000 tons of fine copper per year.

Cecilia Jamasmie | December 8, 2011 | 4:26 pm

Jaguar shares suffering after CEO’s abrupt departure

Brazilian gold miner Jaguar (NYSE:JAG), which last month became the subject of takeover rumours, fell more than 10% on Wednesday, after the sudden resignation of its CEO and president Daniel Titcomb.

Cecilia Jamasmie | December 8, 2011 | 2:09 pm

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