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Black Fire Minerals acquires Karibib Lithium Pegmatite Project in, Namibian
Diversified resources company Black Fire Minerals has snapped up the Karibib Lithium Pegmatite Project from Australian private company Sunrise Minerals in a deal worth about $455,000.
The acquisition will be facilitated via Black Fire purchasing Sunrise’s private Namibian subsidiary Starting Right Investments Ninety Four, which is the holder of the Karibib Project Exclusive Prospecting Licences EPL3750 [...]
Barrick Gold Founder Say “No Bug” on Gold Prices
Peter Munk, founder and chairman of the world’s biggest gold miner, says even now he is no “gold bug”. In a career spanning 60 years, the 82-year-old entrepreneur amassed fortunes in hi-fi consoles and a south Pacific hotel chain before turning to gold mining.
Request Of Mining Exploration Products In The Future
Coal Attracting Overseas Buzz
Overseas metal and mining companies are eyeing a number of US coal companies as strong demand for steel around the world has resulted in higher prices and short supply for the coal used in steelmaking.
Indian and Russian firms in particular are looking to snap up assets in order to gain a foothold [...]
Canada’s Potash Industry Drawing Both Top Mining Companies
Long dominated by a small group of local players, Canada’s potash industry has become red hot, as soaring prices have begun drawing both top mining companies and small exploration firms to the vast resources buried deep under the western prairies.
Used as a key ingredient in fertilizer, demand for potash has soared along with grain prices, [...]
Mining to resume at Gold Fields after accident
Mining operations at Gold Fields’ South Deep mine will resume on Monday, the company said on Saturday, two days after nine workers were killed in an accident.
Gold Fields, under fire after a string of accidents in the past week that killed 14 workers, said no mining would take place at South Deep until after a [...]
TSX puts in flat close following 2 strong sessions;NY closed for July 4 holiday
The Toronto stock market put in a flat performance Wednesday as investors stepped back after two sessions of strong, triple digit gains, lacking direction from south of the border with U.S. markets closed for the Independence Day holiday.
“New York, certainly to us, is the most relevant market because a lot of Canadian money managers, when [...]
Buyouts trim national icons from ranks of leading miners
Canadian companies are fading from the world’s mining stage, a study says, with the number listed in the globe’s top 40 miners shrinking to six last year from 12 in 2003.
Canada has also been surpassed by Britain as the prime market for mining capital, according to an annual review released yesterday by advisory firm PricewaterhouseCoopers.
“Consolidation [...]
Canadian companies fade from world mining stage
Canadian companies are fading from the world’s mining stage, a study said on Wednesday, with the number of Canadian companies listed in the globe’s top 40 miners shrinking to six last year from 12 in 2003.
Canada has also been surpassed by Britain as the prime market for mining capital, said the annual review by advisory [...]
RP on cusp of mining boom amid buoyant metals prices
Boosted by soaring ore prices, cheap capital and a more investor-friendly regime, mining companies are rushing in and snapping up tenements in the Philippines seeking to profit from the developing world’s industrial boom, experts say.
From majors like BHP Billiton, Anglo-American and Xstrata to bare-bones exploration outfits, they are betting hundreds of millions of dollars that [...]
