MINING.COM

Nautilus dispute with Papua New Guinea to delay or even cancel underwater mining dreams

Canada-based Nautilus Minerals Inc. said its Solwara 1 underwater copper project could be delayed or even cancelled due to a dispute with Papua New Guinea over the mine ownership agreement.

Cecilia Jamasmie | June 1, 2012 | 4:33 pm

Bolivia to decide Canadian South American Silver mine’s future based on indigenous referendum

Bolivia’s President Evo Morales announced he will consult the indigenous communities of the Altiplano before authorizing the eventual exploitation of the silver and indium deposit of Mallku Khota, currently under exploration by Canadian South American Silver (TSX:SAC).

Cecilia Jamasmie | June 1, 2012 | 3:55 pm

Highland raises $16.5 million for Upper Peninsula copper properties

Micro-cap Highland Resources added 28% to trade at 9c on Wednesday on higher than usual trading volumes, after announcing it has closed the final tranche of its non-brokered private placement, raising a total of $16.5 million.

Frik Els | May 31, 2012 | 7:15 pm

Outer Harbour 1, Olympic Dam-Jansen 0: BHP gets final approval for $20 billion iron ore expansion

There are "growing signs" that Outer Harbour will take precedence over BHP's massive Olympic Dam project and the greenfield Jansen potash venture in Canada.

Frik Els | May 31, 2012 | 6:29 pm

Why isn’t this copper miner smiling? He’s getting a $45 million bonus just for staying on

In all $265 million will be doled out to senior management at Xstrata to stop them from jumping ship after a merger with Glencore. The two companies are also paying $200 million to their advisers to push the deal through.

Frik Els | May 31, 2012 | 5:36 pm

Glenstrata ready to become the largest mining industry merger in recent history

The prospectus giving details of the creation of a $90 billion mining and commodities trading behemoth will finally find its way to the inboxes of shareholders today.

MINING.COM Staff Writer | May 31, 2012 | 2:49 pm

Driller says West Africa is hot and Peru is cold

Energold Drilling (TSX VENTURE:EGD) beat back a commodity overhang in 2012 and announced a 134% increase in revenue, growing from $22.7 million to $53.3 million.

Michael Allan McCrae | May 31, 2012 | 5:18 am

Olympic Dam decision pushed to the wire

If the board of the world's largest miner does not make a decision on the giant copper-gold-uranium-silver project in South Australia's outback by 8 December then it would lose all approvals and royalties concessions.

Frik Els | May 30, 2012 | 9:00 pm

Silvercorp says work interrupted at mine in China

Canadian Silvercorp Metals (TSX: SVM-News)(NYSE: SVM-News), China’s biggest silver miner, said Monday that production at its flagship silver-lead-zinc Ying Mine will be interrupted for about five days as a result of power interruptions.

Cecilia Jamasmie | May 29, 2012 | 7:08 pm

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