Posts by Mineweb:

Investors pile into Bolero on news of Red Chris copper-gold area play

Since announcing plans to drill its Red Chris South property in northwestern BC, Tuesday, July 5, Bolero Resources' (TSX-V: BRU) shareprice has had quite the run. Trading volume spiked and investors pushed its shareprice from under C$0.25 to over C$0.50, as of presstime Friday afternoon.
Mineweb | July 8, 2011 | 10:06 pm

Nevsun Resources update

VANCOUVER, BRITISH COLUMBIA - Nevsun Resources Ltd. (TSX:NSU)(NYSE Amex:NSU) -HIGHLIGHTS Nevsun Resources Ltd. is pleased to announce strong production results of 93,000 ounces of gold for the quarter ending June 30, 2011. Year-to-date the Bisha mine in
Mineweb | July 8, 2011 | 11:54 am

Fatality at Harmony’s Unisel mine

Johannesburg. Friday. Harmony Gold Mining Company Limited (Harmony) regrets to advise that an employee was fatally injured yesterday morning following a locomotive accident at its Unisel mine near Welkom in the Free State Province. The mine has been
Mineweb | July 8, 2011 | 11:54 am

Timmins Gold announces sale of Pacific Road block

Vancouver, BC - Timmins Gold Corp. (TSX:TMM) and Pacific Road Capital Management have engaged MPartners and National Bank Financial as agents to sell, on a best efforts basis, the 25,205,090 common shares of the Company held by Pacific Road Capital
Mineweb | July 8, 2011 | 7:29 am

Peru creates additional retirement fund for miners

Peru's congress Thursday enacted a new law on Thursday that provides miners with an additional retirement fund funded by corporate profits and payrolls Peru's Congress enacted a law on Thursday that will create an additional retirement fund for miners
Mineweb | July 8, 2011 | 7:04 am

Do ETF sales indicate commodity price crash?

A crash in commodity prices may not be inevitable, but many investors are clearly content with the profits over recent years and are adjusting their portfolios accordingly. Commodities have gone from being an afterthought for all but the most
Mineweb | July 7, 2011 | 8:45 am

Vale sees iron ore prices above $150 per tonne for the next 5 years – report

Brazil's Vale , the world's top iron ore miner, expects prices of the steelmaking raw material to remain above $150 a tonne for at least the next five years on tight global supplies, the Financial Times reported on Thursday. Guilherme Cavalcanti, Vale's chief financial officer, said miners would struggle to meet booming Asian demand, according to the newspaper.
Mineweb | July 7, 2011 | 6:53 am

B2Gold founders sell C$22.6m stake in company

B2Gold said founding members sold 13 percent worth of their shares in the gold producer to diversify their portfolios, but that they do not intend to sell more shares. VANCOUVER, BC - B2Gold (TSX: BTO) confirmed that the company's founders sold just shy
Mineweb | July 7, 2011 | 6:05 am