Duran Ventures Inc. (TSX VENTURE:DRV)(LMA:DRV) (“Duran” or the “Company”) is pleased to announce that it has entered into a letter of intent (“LOI”) to sell the Company’s Don Pancho polymetallic silver-lead-zinc project (“Don Pancho” or the “Project”) located in the Department of Lima, Peru, to Tartisan Resources Corp. (“Tartisan”) for
OTTAWA, ONTARIO–(Marketwired – March 30, 2016) – Melkior Resources Inc. (“Melkior”) (TSX VENTURE:MKR) is pleased to announce that it has completed a non-brokered private placement of 6,200,000 flow units and 3,200,000 non-flow through units at a price of $0.055 per flow through unit and a price of $0.05 per non-flow
As the countdown begins to Christmas holidays, at least here in North America, resource investors will be taking measure of their portfolios — likely with a stiff drink in hand. Many will not like what they see. Mining stocks, along with most commodity prices, have taken a precipitous slide over
A ten day strike at Peru’s Antamina Copper Mine – jointly owned by BHP Billiton (NYSE:BHP,ASX:BHP,LSE:BLT) (33.75 percent), Glencore Xstrata (LSE:GLEN) (33.75 percent), Teck Resources (TSX:TCK.B,NYSE:TCK) (22.5 percent) and Mitsubishi (TSE:8058) (10 percent) – has been ruled illegal by Peru’s government, according to Reuters.
On Monday, workers at Peru’s Antamina copper mine downed tools, beginning the first indefinite strike in the mine’s history. Operations have been partially affected at the mine, and as the largest copper mine in Peru, it’s unclear whether the disruption will help boost copper prices.
By Vivien Diniz
Rumor has it that commodities giant, Glencore is honing in on is next acquisition target: Rio Tinto.
Golden Arrow’s Brian McEwen discussed the company’s current drill program and future plans with Silver Investing News.
Reuters reported that mining giant Glencore Xstrata plc (LSE:GLEN) plans to cut 124 jobs at its Namibia-based Rosh Pinah zinc-lead mine. That’s equivalent to 20 percent of the mine’s staff.
The vanadium market isn’t always the most lively, but the past couple of weeks have seen TNG, Largo Resources and Atlantic take big steps forward.
Reuters reported that this past Friday, Duncan Galvanizing Corp., one of the oldest galvanizers in the United States, accused Goldman Sachs Group Inc. (NYSE:GS), JPMorgan Chase & Co. (NYSE:JPM), the London Metal Exchange and metal warehouse operators of working together to manipulate the US zinc price. Duncan alleges that they
Solid Resources Ltd. (TSXV:SRW,FWB:YRS) announced the signing of a definitive and exclusive co-operation agreement with a 100 percent owned subsidiary of Glencore Xstrata plc. The agreement is for joint due diligence of the Cehegin Project in south-eastern Spain, and also allows for a joint venture company to be potentially formed
China has long been enamoured with the red metal. The world market is tightly tied to demand from the Asian nation as any signal of a change in its appetite for copper is usually a fundamental factor in price changes; however, China could soon be able to meet its own
Reuters reported today that Nigeria has awarded oil contracts worth roughly $40 billion a year to domestic oil companies. The contracts make up the majority of Nigeria’s long-term oil contracts, and the move is in line with the country’s policy to increase the role of local businesses in the oil
Copper prices have picked up this week, but investors are anxious that a slowdown in China’s economic growth could reduce demand for the red metal.
Blackthorn Resources Ltd. (ASX:BTR) announced that it has reached a non-binding conditional agreement with Glencore Xstrata plc (LSE:GLEN) under which it will sell its remaining 27.3-percent equity interest in the Burkina Faso-based Perkoa zinc joint venture.