NovaGold Resources Inc. likes what Barrick Gold Corp. had to say about their giant Donlin Gold project in Alaska during Barrick’s Investor Day presentation last Wednesday. Units of the two firms equally own Donlin (formerly Donlin Creek), a $6 billion (plus $1 billion for a natural gas pipeline) project in western Alaska, south of...
Augusta Resource Corp. said this morning that the Forest Service has advanced Rosemont Copper‘s draft Environment Impact Statement (EIS) to the final internal review and printing stage and expects issuance to the public in mid-October. The company had said earlier that copies of the preliminary draft EIS were delivered by the Coronado National Forest...
There’s lots of talk about rare earths these days. With China holding a near monopoly and Molycorp Minerals LLC being virtually the only Western alternative, everyone is talking about more demand and more production. Now one domestic firm has gotten a bit beyond talk to the pilot-plant stage. Lakewood, Colo.-based Rare Element Resources Ltd....
It seems just yesterday that Asarco was teaming up with the U.S. Bureau of Mines (now defunct) to experiment with in-situ leaching of copper at the Santa Cruz project near Casa Grande in central Arizona. This was before even heap leaching, and solution extraction-electrowinning, had become mainstream. While that test didn’t give good results...
Genesee & Wyoming Inc. reported yesterday that it has completed its acquisition of the Arizona Eastern Railway (AZER) from Iowa Pacific Holdings LLC for $90.1 million in cash, subject to adjustment for final working capital. Headquartered near Miami, Ariz., AZER is composed of two rail lines operating over 200 track miles in southeast Arizona...
Crosshair Exploration & Mining Corp. said Sunday it had delivered a proposal to Australian American Mining Corp. Ltd. for its uranium assets in New Mexico, Texas and Nevada for $12.85 million in Crosshair shares. Vancouver-based Crosshair said that to date, the AusAm board “has failed to meaningfully engage with Crosshair in a substantive discussion” about...
Conventional wisdom says that California is the LAST place a miner would want to operate. An annual survey by the Fraser Institute concurs, putting California between Vietnam and Zambia on its “policy potential” index. But company after company is finding that if the rewards are sufficient, it can be done. Silver Sun Resource Corp....
Is smaller indeed better? Will Atna Resources Ltd. be able to run the Pinson mine in Nevada better than Barrick Gold Corp.? Atna said today it was acquiring from Barrick the portion of the Pinson mine that it didn’t already own. It said it has signed an asset purchase and sale agreement with Pinson...
Recent drilling has driven a new resource estimate that has greatly increased the metals content of its CuMo property in southwestern Idaho, Mosquito Consolidated Gold Mines Ltd. reported yesterday. The NI 43-101 report, completed by Snowden Mining Industry Consultants, whoed a 65.3% increase in silver, a 57.0% increase in copper and a 12.9% increase...
It looks as if 2011 will the the Year of Molybdenum — at least for General Moly. Riding a continued high price for the metal — the Ryan’s Notes average was reported at $16.70 today — the Lakewood, Colo.-based firm said it would allocated $2.5 million in its 2011 budget to advance its Liberty...
