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HudBay to pay C$397.5M for Norsemont

The cash and stock deal will provide the Canadian miner with access to a major copper deposit in Peru BANGALORE (Reuters) - Canada's HudBay Minerals Inc (HBM.TO: Quote) agreed to buy Norsemont Mining Inc (NOM.TO: Quote) to gain access to a major copper

Gold traders in India stock up after drop in prices

Gold buying continues in India. Harvest festival and wedding season sees traders equip themselves for demand. Indian rupee remains steady. MUMBAI (Reuters) - India's gold buying continued on Monday afternoon after prices fell 1.8 percent in the previous

Cargill to work with Magnetation on low grade iron ore recovery

Agricultural giant Cargill has taken a step into the iron ore mining and processing sector, with the announcement of an agreement with Magnetation Inc of Nashwauk, Minnesota, under which the companies will explore opportunities “to develop and utilise Magnetation’s proprietary mineral processing technology.” According to Magnetation, the patent-pending Rev 3 separator technology allows mining operators to recover a marketable, high-grade [...]

Technical analysis suggests gold may have further to fall

Analyst for La Salle Futures Group in Chicago says recent decline in gold price could continue down to 200 day moving average in the $1260s Gold, which capped the biggest two- day drop in 11 months yesterday, may extend declines to the lowest price since

Taseko says production at Gibraltar mine to rise in 2011

The group says the mine in British Columbia produced more than 90m pounds of copper in 2010 and that this number will increase once a bottleneck in the ore feed system is cleared Taseko Mines (TKO.TO: Quote) said on Wednesday that its Gibraltar mine in