In July 2007, a Canada-domiciled mining company was acquired by a Russian group for $5,2-billion. That company was LionOre, and it had assets in Southern Africa – an 85% share in Tati Nickel, in Botswana, and a 50% stake in Nkomati Nickel, in South Africa.
LionOre’s buyer was the giant Russian mining and metallurgical group, OJSC […]

Altius Minerals Corporation reported net earnings of $12.1 million or $0.40 per share for the year ended April 30, 2008 compared to net earnings of $52.8 million or $1.80 per share for the same period last year. For the quarter ended April 30, 2008 net loss was $42.0 million or $(1.34) per share compared to […]

BHP Billiton Ltd. (BHP.AU) Wednesday posted higher third quarter iron ore and oil production but coal, copper, aluminum and nickel output were lower on year.
SINGAPORE (Dow Jones)–South Korea’s state procurement agency has issued tenders for 6,000 metric tons of aluminum ingot and 6,000 tons of copper cathode, a senior official at the agency said Wednesday.

Davao Oriental may have one of the country’s richest mining potentials, but Gov. Corazon Malanyaon prefers to downplay it, preferring to promote agriculture instead and the ecology.
The province reportedly has rich deposits of gold, nickel, copper, chromite, and manganese, and the Mines and Geosciences Bureau of the Department of Environment and Natural Resources said Davao […]

Australia’s stocks fell for the first time in three days after a U.S. job report raised concern the Federal Reserve may cut rates in the world’s largest economy by less than expected, weakening the boost to global growth.
Commonwealth Bank of Australia, the nation’s second-biggest bank, and Macquarie Group Ltd., the biggest securities firm, fell. In […]

Miners advanced again in London share trading on Monday morning as gold prices showed no sign of retreating and deals stayed in the spotlight after Xstrata signed a deal to buy Australian nickel producer Jubilee Mines.
Rio Tinto RTP shares climbed 3%, Antofagasta shares advanced 2.9%, Lonmin shares rose 2.6% and Anglo American shares moved up […]

BHP Billiton , the world’s biggest mining group, expects overall output to grow by 9 percent during the current financial year as new projects are launched, the firm said on Thursday.
“This current financial year will be very exciting in terms of the number of growth projects coming on-line. We are expecting a 9 percent further […]

But nickel is the main business of the company whose sales revenue more than quadrupled to 4.1 trillion rupiah ($451.1 million) - JAKARTA, Oct 3 - Indonesian state-owned miner PT Aneka Tambang plans to reduce its dependence on nickel and step up its gold and bauxite business in coming years, a senior company official said.
The […]

Gold, oil and copper prices pulled back from early highs on Friday as the U.S. dollar recovered from a new low against the euro.
Commodity prices have risen rapidly in recent weeks as the dollar has fallen against the euro and other world currencies. The dollar sank to a new low Friday against the 13-nation euro, […]

Uravan Minerals Inc. (”Uravan”) and Cameco Corporation (”Cameco”) commenced a 5000 meter widely-spaced reconnaissance diamond drill program on the Boomerang Uranium Project, Southwest Thelon Basin, NT. Commensurate with drilling operations a 1000 square kilometer geological and structural mapping program and a 2500 square kilometer surface geochemical sampling program have also begun.
Prior to drilling operations, drill […]