AMG Advanced Metallurgical Group N.V. (“AMG,” EURONEXT AMSTERDAM: “AMG”) through its Advanced Materials Division, entered into supply agreements with traditional customers for […]
Minera Andes Inc. (TSX:MAI) unearthed 7.5 kilometres of new new high-grade silver/gold veins at its San Jose Mine, Argentina, during exploratory drilling in 2010, the company reported on Thursday.
The new veins represent a 44% increase in the cumulative strike length of all veins known at the mine at the end of 2009.
Anglesey Mining's 41%-owned Labrador Iron Mines Holdings Limited (TSX: LIM) has entered into a life of mine transportation contract with Quebec North Shore and Labrador Railway for transporting iron ore from LIM's DSO iron ore projects near Schefferville.
The contract provides that QNS&L will carry LIM's iron ore from Emeril Junction, Newfoundland and Labrador, to Sept-
les Junction, Quebec, on the QNS& L Railway. The railway already carries iron ore for Iron Ore Company of Canada, Wabush Mines and Consolidated Thompson's (now Cliffs Resources) Bloom Lake Mine.
Aurizon Minerals has reported a 44% increase in mineral reserves at its Casa Berardi mine in northwestern Quebec.
That brings the gold reserves to 1.457 million ounces, with 370,000 ounces available for open pit mining in the principal zones, which are open laterally.
Inmet Mining is holding firm on the proposed friendly merger with Lundin Mining, saying there are significant risks associated with the hostile Equinox offer for Lundin announced last week.
Inmet continues to believe the proposed merger of equals between Inmet and Lundin to create Symterra provides superior benefits to shareholders of both Inmet and Lundin without the risks associated with the Equinox offer, Inmet stated on Thursday.
The Association of American Railroads said that freight railroads will get US$12 billion capital expenditure in 2011.
The association released a state of the industry report on Wednesday, Great Expectations 2011.
Capital expenditure is rising to keep up with demand for services, namely grain and coal transport.
Cerro Resources NL (ASX:CJO)(TSX-V:CJO) has completed its previously announced acquisition of the Namiquipa Silver Project in Mexico from Minera Tasmania S.A. de C.V.
Under the Dec. 13 share purchase agreement, Cerro will acquire all of Minera's shares in consideration for 30,000 shares of Cerro. The transaction is expected to close this Friday.
Crystallex International Corporation (TSX:KRY)(NYSE Amex:KRY) announced today that its February 16, 2011, Request for Arbitration before the Additional Facility of the World Bank's International Centre for Settlement of Investment Disputes ("ICSID") against the Bolivarian Republic of Venezuela ("Venezuela") has been registered by the Secretary General of ICSID.
The spectacular Carapateena discovery that Canadian Teck Resources had seen as its big foreign play until the global financial crisis, is now passing into the hands of OZ Minerals Ltd (ASX: OZL). OZ Minerals said this week it had paid $US240 million for the project, making an immediate deposit of $US10 M.
