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Regency Mines says PNG nickel project delayed by government uncertainty

Proactiveinvestors reports Regency Mines announced on Wednesday that its drilling work is continuing on the Mambare nickel joint venture in Papua New Guinea, but that visa delays may impact the planned work programme. The company said that the delays, caused in part by political uncertainty surrounding the appointment of a new government, could restrict the scale of the drilling programme. Papua New Guinea last week swore in a new PM and cabinet sweeping aside the old guard ahead of general elections next year.

Rare earth company in Kenya faces protests

NTVKenya reports that a rare earth company in Kenya is facing angry opposition from residents who want the company to stop exploration work. The project is located on the south coast, 85 kilometers from Mombasa. The exploration license was issued to Cortec Mining Kenya, a South African company that was incorporated in Kenya last year.

Second-half IPO revival for Toronto hinges on commodities

Reuters reports Canada's IPO market could roar back to life in the final months of 2011 after a dismal first half – but only if a fresh bout of global market turbulence doesn't overwhelm any revival. Investment bankers say commodity producers could get the market sailing again once the summer doldrums are over. In contrast to new listings mergers and acquisitions in the mining sector have stayed robust in 2011 and Canadian companies – both as acquirers and as the targets of buyers – dominated corporate finance activity in the first half shaking on 325 deals and accounting for almost two-thirds of all the metals and minerals transactions carried out around the world.

Harsh times in Vancouver Island’s coal mining past

The Times Colonist has a look at the history of coal mining on Vancouver Island starting in 1912 and writing that the troubles started in Extension, a small mining community a few kilometres south of Nanaimo. Two coal miners were fired when they complained to management that unacceptable levels of explosive gas existed at the coal face. One of the workers headed north seeking a job in the mines of Cumberland only to find he had been blacklisted - not just in Cumberland but throughout Vancouver Island. Their memories of a seemingly endless stream of disasters, from single deaths to the 150 dead in the Nanaimo No.1 mine explosion and fire in 1887, kept them implacable in their demands for greater safety.

Metso acquires Copperstate Industrial Services

Metso has acquired Copperstate Industrial Services, Inc., a mining services provider based inPhoenix, Arizona. The acquisition strengthens Metso's position as a leading service and technology provider for the mining and construction sectors. The company was transferred to Metso on August 1. The value of the transaction was not disclosed.
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South32 eyes Alaska’s copper under potential Trump policy changes

Approval of Ambler Mining District road would allow South32 and Trilogy Metals to mine high-grade copper from their assets.