S&P500 here we come! Investors cheer US Gold and Minera Andes merger

Stock in both US Gold Corp and Minera Andes charged ahead more than 7% in morning trade on Friday after announcing that their respective shareholders voted in favour of a proposed business combination. The new entity, with projects in the US, Mexico and Argentina will be named McEwen Mining and headed by industry veteran Rob McEwen.

MINING.com Editor | January 20, 2012 | 6:07 pm

Panel to check Teck’s Frontier Oil Sands potential for “significant adverse effects on the environment.” Review can take 6 years

Peter Kent, Canada's environment minister on Friday referred Teck Resources's newly acquired Frontier Oil Sands project in northern Alberta to an independent review panel because of the propose mine's "potential for significant adverse effects on the environment. "

MINING.com Editor | January 20, 2012 | 5:44 pm

Pan American Silver to step up as Rio Grande says sayonara to cyanide ban

Vancouver-based Pan American Silver Corp said on Friday it will speed up the development of its Argentina gold project this year after the Rio Negro provincial legislature lifted the ban on the use of cyanide, crucial in the extraction process of gold.

MINING.com Editor | January 20, 2012 | 2:01 pm

Northern Gold and Wahgoshig First Nation are working together on Garrison

Northern Gold Mining Inc. (TSX VENTURE:NGM) and the Wahgoshig First Nation jointly announced on Friday that a strong cooperation and working relationship has developed since Northern Gold first began working on the Garrison Gold property two years ago.

MINING.com Editor | January 20, 2012 | 12:00 pm

Ekati output down 29% as it enters twilight years

IDEX News reports BHP Billiton's Ekati diamond mine produced 481,000 carats in the last quarter of 2011, a 29% decline compared to a year ago. 80%-owner BHP Billiton wants to sell the mine, but Ekati could fetch only $300 million to $500 million a new report shows.

MINING.com Editor | January 19, 2012 | 11:30 pm

Stans Energy submits mining licenses for heavy rare earth in Kyrgyzstan

Stans Energy Corp announced the submission of documentation for the licensing requirements to the Kyrgyz Government for the Kutessay II Heavy Rare Earth Deposit and the Kalesay Beryllium deposit, news agencies reported.

MINING.com Editor | January 15, 2012 | 5:35 pm

Codelco will spend $5 billion in 2012, Chile court hands it minor victory over Anglo

Bloomberg reports Chile's state-owned firm Codelco, the world's largest copper producer, plans to invest $5 billion in 2012 on capital projects, more than twice the $2.3 billion it allocated last year. Also on Friday a Santiago court blocked Anglos from selling any more shares in its Sur subsidiary while it battles Codelco over an option to acquire 49% of its Chile operations.

MINING.com Editor | January 13, 2012 | 8:40 pm

Taseko spending $134 million on Gibraltar, will keep plugging away at Prosperity

Taseko Mines on Wednesday announced it is going ahead with its Gibraltar capital program and is planning to spend $134 million to complete the project by the end of this year. The investment will increase Taseko's share of copper production capacity to 140 million pounds per year. Taseko owns 75% of Gibraltar, located in British Columbia.

MINING.com Editor | January 11, 2012 | 8:30 pm

Drill baby drill! The last time US mining jobs were added this fast Reagan had just taken office

US Labor Department figures released on Wednesday show the country's mining sector added more jobs in 2011 than at any other period since the early 1980s.

MINING.com Editor | January 11, 2012 | 6:00 pm

Paulson’s annus horribilis a ‘curse’ on gold says FT

Hedge fund genius John Paulson had the worst year of his career in 2011. The FT wonders if he will start dumping gold onto the market in a dash for cash.

MINING.com Editor | January 9, 2012 | 10:39 pm

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