South American Silver (TSE:SAC) stock shot up 17% in morning trading today on the Toronto Stock Exchange to $1.62 a share after the company announced the findings from its NI 43-101-qualified resource estimate of the company's Escalones copper-gold-silver project in central Chile.
China Development Bank (CDB), one of the country's three policy banks, has signed two agreements with Kazak copper giant Kazakhmys PLC, granting the mine and refinery operator 1.34 billion U.S. dollars and 1 billion yuan (158 million U.S. dollars) for a new project.
Gunmen fired at a helicopter carrying workers for the mining giant Freeport-McMoRan shortly after it took off Saturday from a town near the company’s huge gold and copper mine in eastern Indonesia, a police spokesman, Colonel Wachyono, said.
Glencore International plc today announced that a subsidiary has entered into an agreement with Exxaro Base Metals and Industrial Holdings (Proprietary) Limited to acquire Exxaro’s entire 50.04 per cent shareholding in Rosh Pinah Zinc Corporation (Proprietary) Limited, a zinc mining business in Namibia.
Poland's finance ministry says it does not plan to alter its proposed mining tax aimed mainly at state-controlled copper miner KGHM, whose shares are at their lowest since August 2010.
Seven miners have been pulled from Hecla Mining's Lucky Friday mine after a collapse Wednesday evening. Media reports say that six of the workers were treated at the scene while a seventh was treated at hospital with non-life-threatening injuries.
An arbitrator has ruled that a "poison pill" rights plan erected by Ivanhoe to try and stop a Rio Tinto takeover, does not apply to the latter, leaving Ivanhoe vulnerable to a takeover next year.
