Atlanta Gold Inc. (TSXV: ATG; OTCQX: ATLDF) has completed a re-evaluation of the mineral resource estimate at the company's Atlanta Gold Project in Idaho, USA, previously announced on January 6, 2011.
PERTH (miningweekly.com) Brazilian mining giant Vale has signed a $20-million farm-in agreement with Australian listed junior Goldminex Resources over its Papua New Guinea copper assets. Under the farm-in agreement, Vale had the right to earn a 51%
PNG focused Goldminex Resources which targets large scale gold, copper and nickel deposits is pleased to announce it has signed a US$20 million Farm-In Agreement with Vale in respect to its Owen Stanley Package.
Brazilian miner Vale will stick to its target of producing 1-million tonnes of copper a year by 2015 after pulling out of a bid for South Africa's Metorex and may pursue other buyouts, a source close to Vale said on Wednesday.
Brazilian mining giant Vale has moved to resolve an impasse with joint venture partner Aquila Resources to keep their Isaac Plains export coal mine in Queensland operating.
- Silvercorp Metals Inc. (TSX:SVM)(NYSE:SVM) (the "Company") reports the Company's total in situ Measured and Indicated silver-equivalent metal resources have increased by 24%, and now stands at 153 million silver ounces based on results of National
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.
SINGAPORE - Brazil's Vale , the world's top iron-ore miner, expects prices of the steelmaking raw material to remain above $150/t for at least the next five years on tight global supplies, the Financial Times reported on Thursday.
The bullish prediction by Guilherme Cavalcanti, finance director of the mining group, is the latest contribution to a debate on the outlook for the iron ore market that has polarised analysts and investors.
Reuters Africa reported that the Jinchuan Group’s (FRA:GDZD) bid for Metorex (JNB:MEMTX) is higher than Vale’s (NYSE:VALE) offer. The market news is quoted as saying: Jinchuan, China’s dominant nickel producer, added almost 22 percent to Vale’s offer, making 8.90 rand per share for a cash bid at current exchange rates of around $1.32 billion.
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