Xstrata Copper Canada is pleased to announce that consulting engineering firm Genivar won the prestigious 2011 Schreyer Award at this year's Canadian Consulting Engineering Awards for its role in the decommissioning of our former Gaspé copper mining and smelting site located in Murdochville, Quebec.
Caledonia Mining, an African focused mining and exploration company with a mine in Zimbabwe, shot up 20% to 11 cents a share after announcing a six-fold increase in profits in Q3. The company said that gross profit was $9.36 million compared to $1.607 million in the comparative quarter. "This is almost a six-fold increase on the comparative quarter and is the seventh consecutive quarterly increase in gross profit," said the company in a statement.
Michael O'Brian has learned to apply some philosophies as an avid art collector to his successful investment career: an investor should always be in it for the long term.
VANCOUVER, BRITISH COLUMBIA and JOHANNESBURG, SOUTH AFRICA--(Marketwire - Nov. 9, 2011) - Platinum Group Metals Ltd.(TSX:PTM)(NYSE Amex:PLG) ("Platinum Group") is pleased to report drill intercepts grading 3.47 g/t Platinum, Palladium and Gold (2 PGE+Au) over 3.5 meters and 7.00 g/t 2PGE +Au over 5.0 meters at vertical depth of approximately 660 meters. The high grade, thick, layered intercepts are located in an area north of the previously mapped North Limb of the Bushveld Complex. This Northern extension of the Bushveld Complex was first discovered by the Company in early 2011 under cover rocks by drilling based on detailed geophysical and geochemical work. Drilling is continuing and the drill program is being immediately expanded. The intercepts are located on the 137 square kilometer Waterberg Property and the new zone has a projected, potential strike length distance of 7 kilometers.
First Quantum Minerals on Tuesday said production of 265,000 tonnes of copper and 175,000 ounces of gold is forecast for 2011 reflecting lower production to date as well as lower expected sulphide ore grades in the short-term at Kansanshi and lower acid availability in Zambia. The company said its average cash cost is $1.35 per pound of copper and the revised forecast is a result of higher costs to date, lower production and higher input costs. Its Ravensthorpe nickel project in Australia is set for commercial operation before the end of the year.
Animation Insider reports SpongeBob SquarePants contributes a hefty amount to Nickelodeon Consumer Product's estimated $5.5 billion in annual, worldwide retail sales. For international coin collectors – or for that one die-hard SpongeBob fan who must have absolutely everything – two companies are partnering with Nickelodeon to manufacture a limited run of four, one-ounce, silver legal tender, based on the cartoon. PFG Precious Metals from Chicago, a wholesale precious metals company, and the New Zealand Mint, a respected minter legal tender for four and a half decades, are now accepting orders for SpongeBob silver.
The latest issue International Mining's fortnightly project watch is available with this issue covering 25 prefeasibility studies,18 feasibilities, news of 34 projects in development, four that have gone into production in the past two weeks and 10 mines that are expanding, as well as news of eight mergers or acquisitions and dozens of personnel moves.
Anglo American (LON:AAL) increased its interested in De Beers from 45% to 85% by buying out the Oppenheimer family for US$5.1 billion. De Beers is looking to Anglo American for better operational management. "Anglo American is well positioned to enhance the value of De Beers through its expertise and scale in such areas as technical, supply chain and financial management functions as part of a simplified and more integrated ownership structure," said the company in a statement.
Of all the social memes related to the economic and investment landscape, none is more dominant than that there is a small cadre of powerful Wall Street money men who, working behind the scenes, effectively control investment markets, the global economy and the politicians that play such a big role in that economy.
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 1, 2011) - Prophecy Platinum Corp. ("Prophecy Platinum" or the "Company") (TSX VENTURE:NKL)(OTCQX:PNIKF)(FRANKFURT:P94P) announces that the Company has arranged a non-brokered private placement of 3,000,000 shares at a price of $2.70 per share to raise aggregate gross proceeds of $8,100,000. Company Insider Sprott Asset Management LP, on behalf of various funds and managed accounts, have committed up to 25% of this financing. Additional insiders of the Company are expected to subscribe at $2.72 per share pursuant to the policies of the TSX Venture Exchange. Finder's fees may be payable in connection with the financing in accordance with the policies of the TSX Venture Exchange.