Malaga could sell Peruvian tungsten assets as financial woes deepen

Tungsten junior Malaga, which owns the Pasto Bueno mine, in Peru – which had been on care and maintenance following a power disruption since October – on Tuesday said it could sell its Peruvian assets in an attempt to remain a going concern....

Alexco receives amended water use licence for Yukon mines

Vancouver-based Alexco Resource on Monday said it had received a water use licence amendment from the Yukon Water Board, which allowed Alexco to process mill feed from its Onek and Lucky Queen mines in the Keno Hill silver district, in the Yukon...

Korean tungsten mine hangs in balance as Woulfe Mining faces cash crunch

Woulfe Mining, which is advancing development of the Sangdong tungsten mine, in South Korea, late last week said it was facing a cash crunch following a companywide investigation after the former executive management team resigned in February....

Construction proceeding apace at Trevali’s Peruvian Santander project

The construction and initial commissioning of TSX-listed Trevali Mining’s Santander zinc/lead/silver mine, in west-central Peru, was proceeding apace after the delays encountered in April. Vancouver-based Trevali during April said critical...

Orbite shares bounce as new direction assume board positions

Following the immediate appointment of three independent directors to Canadian alumina producer Orbite Aluminae’s board, the company’s TSX-listed shares on Tuesday jumped more than 28% in value to make up some of the ground it had lost from...

U3O8 Corp outlines Argentina strategy

Canada-based uranium project developer U3O8 Corp this week outlined its strategy for Argentina, saying it believed the Laguna Salada deposit was a potential low-cost, near-term producer, and setting up a pipeline of projects for sequential...

Allied Nevada Gold closes $150m financing

US miner Allied Nevada Gold on Friday said it had closed a bought deal equity financing with a syndicate of underwriters for $150.5-million.Allied Nevada issued 14-million shares at a price of $10.75 apiece. The syndicate of underwriters was led...

Copper Mountain production grinds to halt on transformer failure

Vancouver-based Copper Mountain Mining on Thursday said production had ground to a halt after one of two transformers powering the motors of the semi-autogenous grinding (SAG) mill failed. Copper Mountain said it expected production to restart on...

Alternative rare earths remain elusive three years after curbs

Following the global economic downturn of 2008/9 and a series of events and press reports in 2010 that coined what some referred to as the “rare-earths crisis”, there has been a glut of new rare earths projects starting out, yet few have...

BC expected to top export growth charts in 2 yrs, coal hit hard

Back-to-back double-digit increases will vault British Columbia's (BC’s) international exports to the top of the growth charts over the next two years, despite the expectation that coal exports will decline by 12% in 2013, Export Development...

St Augustine Gold and Copper announces $11m private placement

Toronto-listed St Augustine Gold and Copper, which is developing the King-King copper/gold project, in the Philippines, on Thursday announced a private placement with Queensberry Mining and Development for $11-million. The private placement saw...

Critical alternative rare earths sources remain elusive well after 2010 curbs

Following the global economic downturn of 2008/09 and a series of events and press reports in 2010 that coined what some referred to as the “rare-earth crisis,” there has been a glut of new rare earths projects starting out, yet few have...