Provides the latest RSS feeds for Mining and Metals News. For more headlines on Breaking, National, Business, Finance, Sports and World News, visit our home page Canada Standard.com http://www.canadastandard.com/index.php/cat/810aad60e2faf4cc/ en-us Wed, 22 May 2013 07:59:59 -0400 Wed, 22 May 2013 07:59:59 -0400 30 JOHANNESBURG (miningweekly.com) – Aim- and JSE-listed Jubilee Platinum has, for a second time, extended the transactional end date for the acquisition of ASX-listed Platinum Australia (PLA) to allow time for certain terms of the proposed transaction to be revised. The transaction was now expected to close on July 31. The deal would see Jubilee acquiring all listed ordinary shares in ... http://www.canadastandard.com/index.php/sid/214685682/scat/810aad60e2faf4cc Wed, 22 May 2013 06:52:07 -0400 http://www.canadastandard.com/index.php/sid/214685682/scat/810aad60e2faf4cc Three trade unions for Eskom employees have submitted their demands ahead of this year's salary negotiations, the power utility said on Tuesday. ... http://www.canadastandard.com/index.php/sid/214685683/scat/810aad60e2faf4cc Wed, 22 May 2013 06:52:04 -0400 http://www.canadastandard.com/index.php/sid/214685683/scat/810aad60e2faf4cc Drill results of an additional 23 holes (MSW-0021 to MSW-0044) for a total of 43 holes in the Maturi Southwest Exploration Target Area southwest of the Maturi deposit on the Twin Metals Minnesota Project (following Duluth Metals press release ... http://www.canadastandard.com/index.php/sid/214685684/scat/810aad60e2faf4cc Wed, 22 May 2013 06:40:09 -0400 http://www.canadastandard.com/index.php/sid/214685684/scat/810aad60e2faf4cc See your ad here IN a stunning decision today, a NSW court has quashed an exploration licence held by Australia's largest goldminer Newcrest.The licence application in question was made during the stewardship of disgraced mining minister Ian Macdonald in 2008 and renewal was granted in 2011.Amid the staggering revelations of mates-deals by the Independent Commission Against Corruption, this ... http://www.canadastandard.com/index.php/sid/214684735/scat/810aad60e2faf4cc Wed, 22 May 2013 05:50:19 -0400 http://www.canadastandard.com/index.php/sid/214684735/scat/810aad60e2faf4cc JOHANNESBURG (miningweekly.com) – Cameroon-focused iron-ore junior Afferro Mining said on Wednesday that it had agreed to terms for a $190-million offer from investment group International Mining & Infrastructure Corporation (IMIC). IMIC, which currently owns 5% of Afferro, would offer 80p in cash, as well as a two-year convertible loan note with a principal value of 40p for each ... http://www.canadastandard.com/index.php/sid/214684736/scat/810aad60e2faf4cc Wed, 22 May 2013 05:44:54 -0400 http://www.canadastandard.com/index.php/sid/214684736/scat/810aad60e2faf4cc Testing of Sandvik's new 51t and 63t capacity u/g mining trucks is proceeding well and some details from the initial test results at Mittersilltungsten mine in Austria are ... http://www.canadastandard.com/index.php/sid/214684656/scat/810aad60e2faf4cc Wed, 22 May 2013 05:44:49 -0400 http://www.canadastandard.com/index.php/sid/214684656/scat/810aad60e2faf4cc JAKARTA, Indonesia ... http://www.canadastandard.com/index.php/sid/214685598/scat/810aad60e2faf4cc Wed, 22 May 2013 05:24:09 -0400 http://www.canadastandard.com/index.php/sid/214685598/scat/810aad60e2faf4cc The high current account deficit will persist as long as we live in a world of low growth - that hurts our exports - and easy global liquidity, which pumps up the oil import ... http://www.canadastandard.com/index.php/sid/214684737/scat/810aad60e2faf4cc Wed, 22 May 2013 05:17:28 -0400 http://www.canadastandard.com/index.php/sid/214684737/scat/810aad60e2faf4cc PERTH (miningweekly.com) – Mineral sands developer MZI Resources on Wednesday said that the slow-down in construction activity in Western Australia’s resources sector could be a boon, as the company worked to bring its Keysbrook project into production. The ASX-listed company noted that the slow-down of resources construction over the past six months gave MZI an excellent ... http://www.canadastandard.com/index.php/sid/214683684/scat/810aad60e2faf4cc Wed, 22 May 2013 04:37:27 -0400 http://www.canadastandard.com/index.php/sid/214683684/scat/810aad60e2faf4cc PERTH (miningweekly.com) – Rare earths developer Peak Resources has produced to refined rare earth products from a pilot plant at the Australian Nuclear Science and Technology Organisation for assessment by target customers. Peak, which was developing the Ngualla rare earths project in Tanzania, said on Wednesday that the successful production of a separated rare earth oxide from a bulk ... http://www.canadastandard.com/index.php/sid/214683685/scat/810aad60e2faf4cc Wed, 22 May 2013 04:37:24 -0400 http://www.canadastandard.com/index.php/sid/214683685/scat/810aad60e2faf4cc PERTH (miningweekly.com) – ASX-listed Northern Iron has warned shareholders that concentrate production from its Sydvaranger project, in Norway, would be lower than the expected 550 000 t in the current quarter, owing to mechanical issues. The miner reported on Wednesday that following recent maintenance work to repair a manufacturing fault at the Sydvaranger project, the mill ... http://www.canadastandard.com/index.php/sid/214683686/scat/810aad60e2faf4cc Wed, 22 May 2013 04:37:20 -0400 http://www.canadastandard.com/index.php/sid/214683686/scat/810aad60e2faf4cc PERTH (miningweekly.com) – Coal developer Cokal has signed a joint venture (JV) agreement with Meratus Advance Maritime (MDM) to own and manage the shallow river barges and tugs design for the PT Bumi Barito Mineral (BBM) project, central Kalimantan. Cokal told shareholders on Wednesday that the JV was an accumulation of nearly two years of studies into river-based shallow draft barging ... http://www.canadastandard.com/index.php/sid/214683687/scat/810aad60e2faf4cc Wed, 22 May 2013 04:37:17 -0400 http://www.canadastandard.com/index.php/sid/214683687/scat/810aad60e2faf4cc PERTH (miningweekly.com) – Junior explorer Kibaran Resources has declared a maiden inferred Joint Ore Reserves Committee (Jorc) compliant resource of 14.9-million tons at its Epanko prospect, in Tanzania. Grading 10.5% graphitic carbon, the project is estimated to host some 1.56-million tons of contained graphite. The company said that the resource estimate ‘far exceeded’ ... http://www.canadastandard.com/index.php/sid/214683688/scat/810aad60e2faf4cc Wed, 22 May 2013 04:37:14 -0400 http://www.canadastandard.com/index.php/sid/214683688/scat/810aad60e2faf4cc PERTH (miningweekly.com) – Unlisted coal developer Waratah Coal on Wednesday said that the federal government had renewed its support for the proposed A$8-billion China First coal project, with Infrastructure and Transport ... http://www.canadastandard.com/index.php/sid/214683689/scat/810aad60e2faf4cc Wed, 22 May 2013 04:37:11 -0400 http://www.canadastandard.com/index.php/sid/214683689/scat/810aad60e2faf4cc PERTH (miningweekly.com) – Iron-ore developer Shree Minerals has been forced to push back the production schedule of its Nelson Bay River (NBR) project, in Tasmania, as it awaited the outcome of a judicial review. Last month, the Tarkine National Coalition made an application for a judicial review of federal Environment Minister Tony Burke’s December approval of NBR. In response ... http://www.canadastandard.com/index.php/sid/214683690/scat/810aad60e2faf4cc Wed, 22 May 2013 04:37:08 -0400 http://www.canadastandard.com/index.php/sid/214683690/scat/810aad60e2faf4cc HONG KONG (MarketWatch) -- Gold prices edged higher on Wednesday as the U.S. dollar weakened in the run-up to Federal Reserve Chairman Ben Bernanke's testimony before Congress later in the ... http://www.canadastandard.com/index.php/sid/214683601/scat/810aad60e2faf4cc Wed, 22 May 2013 04:36:37 -0400 http://www.canadastandard.com/index.php/sid/214683601/scat/810aad60e2faf4cc Wed May 22, 2013 3:34am EDT * Australia courting Chinese firms for listings * Sino Australia planning to raise A$20 mln in July IPO By Maggie Lu Yueyang SYDNEY, May 22 (Reuters) - Chinese mining services company Sino Australia Oil and Gas Ltd is planning an initial public offering in Australia in July, tapping international investors while domestic markets remain frozen, and braving an uncertain ... http://www.canadastandard.com/index.php/sid/214683626/scat/810aad60e2faf4cc Wed, 22 May 2013 03:34:45 -0400 http://www.canadastandard.com/index.php/sid/214683626/scat/810aad60e2faf4cc - Britain's parliament is to probe UK-based mining and oil firms, delving into areas such as transparency and disclosure after troubles at two mining companies burnt some investors' ... http://www.canadastandard.com/index.php/sid/214682688/scat/810aad60e2faf4cc Wed, 22 May 2013 03:30:32 -0400 http://www.canadastandard.com/index.php/sid/214682688/scat/810aad60e2faf4cc PERTH (miningweekly.com) – Committed investment in Australia’s resources and energy sector has reached a peak, with investments projected to decline over the next five years, the Bureau of Resources and Energy Economics (BREE) said on Wednesday. In its latest report, the government research unit predicted that resources investment would revert back to 2007 levels from 2017 onward, ... http://www.canadastandard.com/index.php/sid/214682761/scat/810aad60e2faf4cc Wed, 22 May 2013 03:30:31 -0400 http://www.canadastandard.com/index.php/sid/214682761/scat/810aad60e2faf4cc LONDON | Wed May 22, 2013 2:12am EDT LONDON May 22 (Reuters) - Afferro Mining Inc : * Proposed offer for Afferro Mining Inc by International Mining and Infrastructure Corp * Values the current issued share capital of Afferro at approximately US$190 million * Agreed terms in-principle, for the proposed acquisition of Afferro by IMIC * IMIC offering 80P in cash and a 2-year convertible ... http://www.canadastandard.com/index.php/sid/214682693/scat/810aad60e2faf4cc Wed, 22 May 2013 02:12:48 -0400 http://www.canadastandard.com/index.php/sid/214682693/scat/810aad60e2faf4cc As government officials, mining companies and NGOs meet in Sydney for the Extractive Industries Transparency Initiative Global Conference Thursday, transparency campaigners are calling for Australia to adopt new payment transparency laws for the resources sector.The European Union and United States have already implemented rules requiring oil, gas and mining companies to publish all payments made ... http://www.canadastandard.com/index.php/sid/214679696/scat/810aad60e2faf4cc Wed, 22 May 2013 00:02:12 -0400 http://www.canadastandard.com/index.php/sid/214679696/scat/810aad60e2faf4cc A unit of Nippon Steel & Sumitomo Metal Corp., Japan's largest steelmaker, expects annual sales of 5 billion yen ($49 million) from its geothermal business as early as 2015. Nippon Steel & Sumikin Engineering Co. plans to expand its business in Japan and in countries such as Indonesia, Ryuichi Kageyama, general manager for the geothermal power business, said at a briefing today. It ... http://www.canadastandard.com/index.php/sid/214679765/scat/810aad60e2faf4cc Tue, 21 May 2013 23:29:58 -0400 http://www.canadastandard.com/index.php/sid/214679765/scat/810aad60e2faf4cc Brazilian President Dilma Rousseff will have support in Congress to raise taxes on mining companies even as she struggles to win backing from her allies on other key measures, said Antonio Anastasia, governor of Minas Gerais state. Rousseff had to negotiate a last-minute deal with her majority coalition in the lower house before a May 16 deadline to ratify a decree overhauling the nation's ... http://www.canadastandard.com/index.php/sid/214679766/scat/810aad60e2faf4cc Tue, 21 May 2013 23:29:57 -0400 http://www.canadastandard.com/index.php/sid/214679766/scat/810aad60e2faf4cc China saw its coal imports grow 18.9% YoY to 23.49 million tonnes in April this year, according to statistics released by the General Administration of Customs. Last month, China's coal exports reached 81 tonnes. The country's net coal imports were 22.68 million tonnes in April. In the first four months of this year, the country's coal imports amounted to 87.32 million tonnes, ... http://www.canadastandard.com/index.php/sid/214679767/scat/810aad60e2faf4cc Tue, 21 May 2013 23:29:56 -0400 http://www.canadastandard.com/index.php/sid/214679767/scat/810aad60e2faf4cc South Africa's National Union of Mineworkers confirmed Monday that it will ask for a rise of up to 60% at this year's gold and coal wage talks. Unions representing more than 200,000 gold and coal workers are expected to sit down with employers in Johannesburg in June to thrash out a new pay plan for the industry. NUM will ask for the minimum wage for surface workers to be increased ... http://www.canadastandard.com/index.php/sid/214679768/scat/810aad60e2faf4cc Tue, 21 May 2013 23:29:56 -0400 http://www.canadastandard.com/index.php/sid/214679768/scat/810aad60e2faf4cc Imports of refined copper by China, the biggest user, declined in April to the lowest level since June 2011, while exports fell for the first time in eight months. Inbound shipments were 183,023 metric tons last month, data from the General Administration of Customs showed today. That compared with 218,823 tons in March and 272,903 tons a year ago, according to data compiled by Bloomberg. ... http://www.canadastandard.com/index.php/sid/214679769/scat/810aad60e2faf4cc Tue, 21 May 2013 23:29:55 -0400 http://www.canadastandard.com/index.php/sid/214679769/scat/810aad60e2faf4cc In a further move in developing clean energy, South Africa will build a wind farm which will generate up to 100 MW of power, it was announced on Monday. The 2.4-billion-rand (258-million-US-dollar) project will be undertaken by Eskom, the state-own electricity utility, according to the Government Communication and Information System. Eskom has got the license to build the wind farm from the ... http://www.canadastandard.com/index.php/sid/214679770/scat/810aad60e2faf4cc Tue, 21 May 2013 23:29:55 -0400 http://www.canadastandard.com/index.php/sid/214679770/scat/810aad60e2faf4cc Participants in the biggest Asian coal conference in Bali, Indonesia, in the first week of June will be eying whether China will continue to remain relatively passive in importing thermal coal, industry sources said Monday. Participants in the Coaltrans Asia conference in Bali, Indonesia, to be held June 2-5 will also want to find out whether robust Indian demand for low-rank coal will be ... http://www.canadastandard.com/index.php/sid/214679771/scat/810aad60e2faf4cc Tue, 21 May 2013 23:29:52 -0400 http://www.canadastandard.com/index.php/sid/214679771/scat/810aad60e2faf4cc Wood Mackenzie expects resource sector investment in Australia to peak in 2013 at A$85 billion ($82.6 billion), dominated by spending in gas, followed by iron ore and coal, and to remain at high levels for the next three years, according to research released by the company last week. "On the upstream side, the unprecedented level of investment over the last few years is set to continue, ... http://www.canadastandard.com/index.php/sid/214679773/scat/810aad60e2faf4cc Tue, 21 May 2013 23:29:52 -0400 http://www.canadastandard.com/index.php/sid/214679773/scat/810aad60e2faf4cc CHINA'S gold demand rose 20 percent from a year earlier to a record high of 294.3 tons in the first quarter of this year, the World Gold Council said in a report yesterday. The boost was driven by sales of jewelry, bars and coins, the WGC said, adding that demand for gold jewelry climbed 19 percent year on year to 185 tons in China, posting a new record quarterly high due to purchases ... http://www.canadastandard.com/index.php/sid/214679772/scat/810aad60e2faf4cc Tue, 21 May 2013 23:29:52 -0400 http://www.canadastandard.com/index.php/sid/214679772/scat/810aad60e2faf4cc US steel mill capacity utilization reached 79.5% in the week that ended Saturday, its highest level in percentage terms since May 2012, according to a report released by the American Iron and Steel Institute on Monday. In the week that ended May 18, US steel mills produced an estimated 1.904 million st of steel, up 1.2% from the prior week's 1.881 million st. Capacity utilization climbed to ... http://www.canadastandard.com/index.php/sid/214679774/scat/810aad60e2faf4cc Tue, 21 May 2013 23:29:51 -0400 http://www.canadastandard.com/index.php/sid/214679774/scat/810aad60e2faf4cc Japan's copper wire and cable shipments fell 2.9 percent in April from a year earlier, slumping for a fifth month on subdued demand even after the country's economy expanded the most in a year last quarter. Shipments totaled 54,400 metric tons last month, compared with 56,036 tons a year earlier, the Japanese Electric Wire & Cable Makers' Association said today in a statement. ... http://www.canadastandard.com/index.php/sid/214679775/scat/810aad60e2faf4cc Tue, 21 May 2013 23:29:48 -0400 http://www.canadastandard.com/index.php/sid/214679775/scat/810aad60e2faf4cc Australian mining magnate Gina Rinehart is pictured in Perth on June 9, 2010 Australia's richest person Gina Rinehart on Friday accused the government of using the mining industry as an ATM, warning of an unhealthy reliance on the sector and unsustainable debt levels. In a speech to the Australian Mines and Metals Association conference, the outspoken tycoon, chairman of Hancock ... http://www.canadastandard.com/index.php/sid/214679707/scat/810aad60e2faf4cc Tue, 21 May 2013 23:25:55 -0400 http://www.canadastandard.com/index.php/sid/214679707/scat/810aad60e2faf4cc (QMI Agency files) A Federal Court judge dismissed Tuesday a challenge by two unions to overturn temporary foreign worker permits granted to a China-backed mining company. Judge Russel Zinn ruled HD Mining properly applied for the 201 worker permits, according to the Labour Market Opinions process. The International Union of Operating Engineers Local 115 and BC Building Trades union said the ... http://www.canadastandard.com/index.php/sid/214678648/scat/810aad60e2faf4cc Tue, 21 May 2013 22:42:02 -0400 http://www.canadastandard.com/index.php/sid/214678648/scat/810aad60e2faf4cc Strict quality checks of scrap copper shipments to China and a slowdown in U.S. recycling are boosting demand for ore at refiners in the biggest user of base metals. Chinese ports began tighter enforcement of existing regulations in February to weed out low-grade scrap, Ma Xiaoxin, deputy head of the copper department at state-owned China Minmetals Nonferrous Metals Co., said in a phone ... http://www.canadastandard.com/index.php/sid/214678730/scat/810aad60e2faf4cc Tue, 21 May 2013 22:19:48 -0400 http://www.canadastandard.com/index.php/sid/214678730/scat/810aad60e2faf4cc JAKARTA | Tue May 21, 2013 10:03pm EDT JAKARTA May 22 (Reuters) - The death toll from a tunnel collapse at a mine run by the Indonesian unit of Freeport McMoRan Copper and Gold Inc has been raised to 28, the company said in a statement on Wednesday, after giving up hope of finding any more survivors. The Arizona-based company closed the world's second-largest copper mine on Wednesday ... http://www.canadastandard.com/index.php/sid/214678877/scat/810aad60e2faf4cc Tue, 21 May 2013 22:03:42 -0400 http://www.canadastandard.com/index.php/sid/214678877/scat/810aad60e2faf4cc May 21, 2013 /CNW/ - Silver Wheaton Corp. ("Silver Wheaton" or the "Company") (TSX:SLW) (NYSE:SLW) announces that the nominees listed in the management proxy circular for the 2013 Annual and Special Meeting of Shareholders were elected as directors of Silver Wheaton. Detailed results of the vote for directors of the Company held at the Annual and Special Meeting of ... http://www.canadastandard.com/index.php/sid/214677757/scat/810aad60e2faf4cc Tue, 21 May 2013 21:33:56 -0400 http://www.canadastandard.com/index.php/sid/214677757/scat/810aad60e2faf4cc has raised $153 million to help fund its flagship asset, Detour Lake mine in northern Ontario. Billionaire investor John Paulson's hedge fundPaulson & Co. is Detour's largest investor, owning roughly 13% of the Canadian miner as of last month. Paulson's financial woes have been well documented of late, as the value of his personal stock ... http://www.canadastandard.com/index.php/sid/214677758/scat/810aad60e2faf4cc Tue, 21 May 2013 21:29:51 -0400 http://www.canadastandard.com/index.php/sid/214677758/scat/810aad60e2faf4cc Sergio Garcia refused to back down Tuesday in his ongoing spat with his enemy Tiger Woods, but expressed the desire to enjoy this week in the company of his friends, the Europe Ryder Cup ... http://www.canadastandard.com/index.php/sid/214676585/scat/810aad60e2faf4cc Tue, 21 May 2013 20:23:30 -0400 http://www.canadastandard.com/index.php/sid/214676585/scat/810aad60e2faf4cc latest infographic . With immense negative pressure on the gold price, producers – now more than ever – need to get the job done cheaply. This week has ... http://www.canadastandard.com/index.php/sid/214675469/scat/810aad60e2faf4cc Tue, 21 May 2013 19:12:49 -0400 http://www.canadastandard.com/index.php/sid/214675469/scat/810aad60e2faf4cc TORONTO (miningweekly.com) – 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. Malaga put the mine and plant on care and maintenance in the fourth quarter, which had cast significant ... http://www.canadastandard.com/index.php/sid/214674105/scat/810aad60e2faf4cc Tue, 21 May 2013 18:17:07 -0400 http://www.canadastandard.com/index.php/sid/214674105/scat/810aad60e2faf4cc TORONTO (miningweekly.com) – 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 Territory. Alexco said production from these mines would add to that of its producing Bellekeno mine and was not ... http://www.canadastandard.com/index.php/sid/214674106/scat/810aad60e2faf4cc Tue, 21 May 2013 18:17:03 -0400 http://www.canadastandard.com/index.php/sid/214674106/scat/810aad60e2faf4cc /enpproperty--> China's coal imports will continue from a more diversified number of sources over the long-term, exerting a major influence on international coal prices, according to Platts, a leading source of benchmark price assessments in the energy, petrochemicals and metals sectors. James O'Connell, the editor-in-chief of Platts' Coal Trader International, which ... http://www.canadastandard.com/index.php/sid/214673990/scat/810aad60e2faf4cc Tue, 21 May 2013 18:11:16 -0400 http://www.canadastandard.com/index.php/sid/214673990/scat/810aad60e2faf4cc May 21, 2013 /CNW/ - Sprott Resource Corp. ("SRC") (TSX: SCP) announced today that its Board of Directors has declared a dividend in respect of the month ... http://www.canadastandard.com/index.php/sid/214674107/scat/810aad60e2faf4cc Tue, 21 May 2013 18:05:27 -0400 http://www.canadastandard.com/index.php/sid/214674107/scat/810aad60e2faf4cc The securities that will be issued at the closing of this private placement will be subject to a hold period of four months and one day from closing. This placement is subject to the approval of the regulatory ... http://www.canadastandard.com/index.php/sid/214674109/scat/810aad60e2faf4cc Tue, 21 May 2013 18:05:26 -0400 http://www.canadastandard.com/index.php/sid/214674109/scat/810aad60e2faf4cc $150,000 and 107,000 common shares from AndeanGold Ltd. under the Share Sale and Mining Agreement (the "Agreement") which gives AndeanGold the right to purchase a 40% interest in the Urumalqui Project. The Agreement required AndeanGold to make a payment ... http://www.canadastandard.com/index.php/sid/214674110/scat/810aad60e2faf4cc Tue, 21 May 2013 18:05:26 -0400 http://www.canadastandard.com/index.php/sid/214674110/scat/810aad60e2faf4cc May 21, 2013 /CNW Telbec/ - ROMARCO MINERALS INC. (TSX: R) ("Romarco" or the "Company") announces the results from its 2013 annual general and special meeting of shareholders (the "Meeting") held ... http://www.canadastandard.com/index.php/sid/214674108/scat/810aad60e2faf4cc Tue, 21 May 2013 18:05:25 -0400 http://www.canadastandard.com/index.php/sid/214674108/scat/810aad60e2faf4cc May 21, 2013 /CNW/ - Red Tiger Mining Inc., (TSXV:RMN), (the "Company" or "Red Tiger") today reported that the quarterly unaudited Condensed Interim Consolidated Financial Statements and Management's Discussion and Analysis report for the three months ... http://www.canadastandard.com/index.php/sid/214674111/scat/810aad60e2faf4cc Tue, 21 May 2013 18:05:25 -0400 http://www.canadastandard.com/index.php/sid/214674111/scat/810aad60e2faf4cc Geologists in China say they've found gold reserves in a northwestern province that could be worth $32 billion to the country's economy. The discovery was made in China's Xinjiang Uygur Autonomous Region, the country's state-run Xinhua News Agency reported Tuesday. The gold deposit in Xinyuan County in the Ili Valley is estimated to contain at least 53 tons, Zeng Xiaogang, ... http://www.canadastandard.com/index.php/sid/214674114/scat/810aad60e2faf4cc Tue, 21 May 2013 17:43:28 -0400 http://www.canadastandard.com/index.php/sid/214674114/scat/810aad60e2faf4cc GOLD futures have fallen as traders move to the sidelines ahead of US Federal Reserve Chairman Ben Bernanke's testimony to Congress. The most actively traded contract, for June delivery, on Tuesday fell $US6.50, or 0.5 per cent, to settle at $US1,377.60 a troy ounce on the Comex division of the New York Mercantile Exchange. Bernanke is due to testify before Congress on Wednesday ahead of the ... http://www.canadastandard.com/index.php/sid/214674113/scat/810aad60e2faf4cc Tue, 21 May 2013 17:14:15 -0400 http://www.canadastandard.com/index.php/sid/214674113/scat/810aad60e2faf4cc COPPER prices have closed slightly lower on the London Metal Exchange (LME) after an uneventful trading session that saw investors drift to the sidelines ahead of US Federal Reserve Chairman Ben Bernanke's address to Congress. At the PM kerb close on Tuesday, LME three-month copper was 0.3 per cent lower at $US7,365 a metric ton. Aluminum was flat at $US1,860 a ton. "Prices are ... http://www.canadastandard.com/index.php/sid/214674112/scat/810aad60e2faf4cc Tue, 21 May 2013 17:08:19 -0400 http://www.canadastandard.com/index.php/sid/214674112/scat/810aad60e2faf4cc Washington, May 21 (Prensa Latina) The explorer robot Curiosity drilled another rock from Mars to collect samples to be analyzed with its internal instruments, informed the US National Aeronautics and Space Administration (NASA). Curiosity drilled a hole of 1.6 cm diameter and 6.6 cm deep in a rock named Cumberland, said the Jet Propulsion Laboratory of NASA in Pasadena. The robot found in ... http://www.canadastandard.com/index.php/sid/214671197/scat/810aad60e2faf4cc Tue, 21 May 2013 17:08:01 -0400 http://www.canadastandard.com/index.php/sid/214671197/scat/810aad60e2faf4cc TORONTO (miningweekly.com) – 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. The board and the acting ... http://www.canadastandard.com/index.php/sid/214671198/scat/810aad60e2faf4cc Tue, 21 May 2013 17:05:49 -0400 http://www.canadastandard.com/index.php/sid/214671198/scat/810aad60e2faf4cc of Oakville, ON, is planning to acquire the past producing Walker lump graphite mine. The property, active from 1890 through 1920, is located between Montreal and Ottawa. About 800 tonnes of lump graphite was produced. The company says it is encouraged by its review of the historical records about graphite in the region. In a book published by the Canadian Department of Mines in 1907, the Walker ... http://www.canadastandard.com/index.php/sid/214671199/scat/810aad60e2faf4cc Tue, 21 May 2013 16:57:12 -0400 http://www.canadastandard.com/index.php/sid/214671199/scat/810aad60e2faf4cc of Saguenay, QC. The flowsheet relies on column flotation. Results of the pilot test will be used in the Lac a Paul feasibility study to be completed this summer. Arianne provided this excerpt from the report: "The metallurgical results demonstrate that the flowsheet with two cleaner columns and a cleaner scavenger column was the most promising circuit to meet the required apatite grade ... http://www.canadastandard.com/index.php/sid/214671201/scat/810aad60e2faf4cc Tue, 21 May 2013 16:57:10 -0400 http://www.canadastandard.com/index.php/sid/214671201/scat/810aad60e2faf4cc Note: By submitting your comments you acknowledge that Canadian Mining Journal has the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatsoever. Please note that due to the volume of e-mails we receive, not all comments will be published and those that are published will not be edited. However, all will be carefully read, considered and ... http://www.canadastandard.com/index.php/sid/214671200/scat/810aad60e2faf4cc Tue, 21 May 2013 16:57:08 -0400 http://www.canadastandard.com/index.php/sid/214671200/scat/810aad60e2faf4cc (GLEN-L) was supposed to bear a board with directors from both predecessor companies, part of the attempt to portray the deal as a merger of equals instead of a takeover of Xstrata. But that was before Xstrata’s management fought with their own shareholders to give themselves large retention bonuses, which helped delay the massive amalgamation. Now those shareholders have given most of ... http://www.canadastandard.com/index.php/sid/214671202/scat/810aad60e2faf4cc Tue, 21 May 2013 16:57:05 -0400 http://www.canadastandard.com/index.php/sid/214671202/scat/810aad60e2faf4cc May 21, 2013 /CNW/ - Cosigo Resources Ltd. (TSXV: CSG) (the "Company") announces that it intends to complete a non-brokered private placement (the "Private Placement") of up to 4,000,000 units (the "Units") at a price of CDN$0.25 per Unit for gross proceeds to the Company of up to CDN$1,000,0000. Each Unit will consist of one common share and one common share ... http://www.canadastandard.com/index.php/sid/214671203/scat/810aad60e2faf4cc Tue, 21 May 2013 16:52:17 -0400 http://www.canadastandard.com/index.php/sid/214671203/scat/810aad60e2faf4cc Patrick Sheridan Founder and CEO, states, "The addition of Lello is a significant milestone in the corporate development of the Company and substantially strengthens our technical expertise. His disciplined background and experience in mine development and execution solidifies GGI's ability to advance ... http://www.canadastandard.com/index.php/sid/214671205/scat/810aad60e2faf4cc Tue, 21 May 2013 16:52:16 -0400 http://www.canadastandard.com/index.php/sid/214671205/scat/810aad60e2faf4cc May 21, 2013 /CNW/ -Global Alumina Corporation (TSX: GLA.U) (the "Company" or "Global Alumina"), announced today that its board of directors has determined the Company will hold an annual general and special meeting of its shareholders ... http://www.canadastandard.com/index.php/sid/214671204/scat/810aad60e2faf4cc Tue, 21 May 2013 16:52:16 -0400 http://www.canadastandard.com/index.php/sid/214671204/scat/810aad60e2faf4cc The changes were proposed by county planners to fix flaws in the development regulations that were exposed in a recent court ruling involving a Davenport sand mine.The changes involve better defining the types of roads that can be used to transport material from nonphosphate mines and to strengthen provisions to protect drinking water wells from the effects of mining.Although the impetus of the ... http://www.canadastandard.com/index.php/sid/214669277/scat/810aad60e2faf4cc Tue, 21 May 2013 15:59:55 -0400 http://www.canadastandard.com/index.php/sid/214669277/scat/810aad60e2faf4cc TORONTO (miningweekly.com) – 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 electrical safety cells for the mill substation were delayed in Peruvian customs, necessitating the mill motors to ... http://www.canadastandard.com/index.php/sid/214669458/scat/810aad60e2faf4cc Tue, 21 May 2013 15:53:30 -0400 http://www.canadastandard.com/index.php/sid/214669458/scat/810aad60e2faf4cc TORONTO (miningweekly.com) – 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 the start of the year. Orbite ... http://www.canadastandard.com/index.php/sid/214669459/scat/810aad60e2faf4cc Tue, 21 May 2013 15:53:27 -0400 http://www.canadastandard.com/index.php/sid/214669459/scat/810aad60e2faf4cc Tanzania's Williamson diamond mine, which is majority owned by Petra Diamonds (LON:PDL), has a potential mine life of over 50 years, although the current mine plan only accounts for 18 ... http://www.canadastandard.com/index.php/sid/214669460/scat/810aad60e2faf4cc Tue, 21 May 2013 15:35:10 -0400 http://www.canadastandard.com/index.php/sid/214669460/scat/810aad60e2faf4cc The last decade's commodity supercycle, in which prices have been on an upward trend, has come to an end, said Tuesday Citi Research, which has been warning of a "supercycle sunset" since last year. In ... http://www.canadastandard.com/index.php/sid/214669461/scat/810aad60e2faf4cc Tue, 21 May 2013 15:35:10 -0400 http://www.canadastandard.com/index.php/sid/214669461/scat/810aad60e2faf4cc Time-lapse photo mosaic of Curiosity’s Cumberland drilling operation, showing what appears to be a disembodied arm shifting places. It’s actually just the rover doing its job ... http://www.canadastandard.com/index.php/sid/214669462/scat/810aad60e2faf4cc Tue, 21 May 2013 15:33:04 -0400 http://www.canadastandard.com/index.php/sid/214669462/scat/810aad60e2faf4cc TORONTO (miningweekly.com) – European Union- (EU-) focused rare-earths project developer Tasman Metals on Tuesday announced it has received a 25 year mining lease for the Norra Karr heavy rare-earth element (REE) project in Sweden. Tasman said the mining lease gave the company the full mineral rights for the project for the period, which would then automatically be renewed in ten-year ... http://www.canadastandard.com/index.php/sid/214667847/scat/810aad60e2faf4cc Tue, 21 May 2013 14:39:55 -0400 http://www.canadastandard.com/index.php/sid/214667847/scat/810aad60e2faf4cc (MENAFN - ProactiveInvestors - Australia)Kaboko Mining (ASX: KAB) has completed a Scoping Study confirming that the budgeted costs for production and logistics at its Mansa manganese project in Zambia, are in line with its expectations.Independent consultant Mincon had estimated the cost of delivering a CIF product at between 190 and 210 per tonne.Manganese prices were averaging about US2,300 per ... http://www.canadastandard.com/index.php/sid/214667618/scat/810aad60e2faf4cc Tue, 21 May 2013 14:39:43 -0400 http://www.canadastandard.com/index.php/sid/214667618/scat/810aad60e2faf4cc Wisconsin Democracy Campaign reports a sharp increase in political contributions from sand mining and the natural gas industry. Funding for additional positions to regulate pollution from mines and processing plants comes before the Legislature’s Joint Finance Committee today. Gov. Scott Walker is the biggest recipient of funding. The industry has grown quickly in the state as the gas ... http://www.canadastandard.com/index.php/sid/214667621/scat/810aad60e2faf4cc Tue, 21 May 2013 14:37:19 -0400 http://www.canadastandard.com/index.php/sid/214667621/scat/810aad60e2faf4cc China's steel industry is the biggest in the world, producing 45.7 percent of global output from January to April and importing a record 210 million tonnes of iron ore over the same period. But the government is keen to strengthen the position of the biggest producers and shut smaller, outdated capacity. Analysts estimate there are more than 3,000 steel mills in China with the top five ... http://www.canadastandard.com/index.php/sid/214667848/scat/810aad60e2faf4cc Tue, 21 May 2013 14:01:29 -0400 http://www.canadastandard.com/index.php/sid/214667848/scat/810aad60e2faf4cc JOHANNESBURG (miningweekly.com) – International minerals group Luossavaara-Kiirunavaara AB (LKAB) on Tuesday reported that it had inaugurated the deepest new production level at its Kiruna iron-ore mine, in northern Sweden. The company implemented rail technology company Bombardier Transportation’s Interflo 150 train control technology to enable operations 1 365 m below the surface ... http://www.canadastandard.com/index.php/sid/214665393/scat/810aad60e2faf4cc Tue, 21 May 2013 13:22:23 -0400 http://www.canadastandard.com/index.php/sid/214665393/scat/810aad60e2faf4cc The Department of Water Affairs has made "good progress" with regard to the challenge of acid mine drainage (AMD) in the Witwatersrand area since the inception of an inter-Ministerial committee on AMD in 2010, Water and Environmental Affairs ... http://www.canadastandard.com/index.php/sid/214665394/scat/810aad60e2faf4cc Tue, 21 May 2013 13:22:20 -0400 http://www.canadastandard.com/index.php/sid/214665394/scat/810aad60e2faf4cc warned on Tuesday. Introducing debate on his budget vote in the National Assembly, Gordhan said something needed to be done or the country would lose jobs and investor confidence, and companies would close. "The present uncertainty in the labour relations environment in mining and other sectors requires concerted action by organised labour, business, civic leaders, and government. ... http://www.canadastandard.com/index.php/sid/214665395/scat/810aad60e2faf4cc Tue, 21 May 2013 13:22:17 -0400 http://www.canadastandard.com/index.php/sid/214665395/scat/810aad60e2faf4cc JOHANNESBURG (miningweekly.com) – An illegal strike by several hundred workers at German speciality chemicals group Lanxess’ Rustenburg chrome operation turned violent on Tuesday, as site management attempted to engage employees on their grievances. "A large group of employees aggressively attacked the management and accompanying team of security guards with stones, injuring ... http://www.canadastandard.com/index.php/sid/214665396/scat/810aad60e2faf4cc Tue, 21 May 2013 13:22:14 -0400 http://www.canadastandard.com/index.php/sid/214665396/scat/810aad60e2faf4cc Johannesburg - Shares of Johannesburg-listed mining companies shrug off South African labour tensions as investors focus on the weaker rand - which benefits exporters - and take comfort in reports the US Fed may slow down its bond-buying programme, an indication that economy may finally be getting back on its ... http://www.canadastandard.com/index.php/sid/214665088/scat/810aad60e2faf4cc Tue, 21 May 2013 13:18:18 -0400 http://www.canadastandard.com/index.php/sid/214665088/scat/810aad60e2faf4cc suggests a fresh way for coal-burning firms to clean up their tainted reputation. According to Czech researchers, who have been studying bees and wasps for more than 10 years, some of their country's endangered species, including four insects that had been presumed regionally extinct, have showed to thrive in the ash heaps at coal-fired power plants. In the paper, the experts said they ... http://www.canadastandard.com/index.php/sid/214665397/scat/810aad60e2faf4cc Tue, 21 May 2013 13:01:36 -0400 http://www.canadastandard.com/index.php/sid/214665397/scat/810aad60e2faf4cc BP and partners Total, Petrobras and Petrogal were yesterday named winning bidders for eight deepwater blocks offshore Brazil in the Brazilian National Petroleum Agency’s (ANP’s) 11th bid round. BP will be operator in two of the ... http://www.canadastandard.com/index.php/sid/214665400/scat/810aad60e2faf4cc Tue, 21 May 2013 12:46:16 -0400 http://www.canadastandard.com/index.php/sid/214665400/scat/810aad60e2faf4cc Tue May 21, 2013 12:34pm EDT * China April refined copper imports down 33 pct from year ago * Freeport's Grasberg mine could face long closure * Traders await Thursday's flash PMIs from U.S., Europe, China By Maytaal Angel LONDON, May 21 (Reuters) - Copper dipped on Tuesday after disappointing import numbers from top consumer China, but losses were capped by a protracted production outage ... http://www.canadastandard.com/index.php/sid/214667142/scat/810aad60e2faf4cc Tue, 21 May 2013 12:34:37 -0400 http://www.canadastandard.com/index.php/sid/214667142/scat/810aad60e2faf4cc Romanian state mining company, Remin SA to undertake due diligence on Remin's polymetallic mineral interests.This after African Consolidated received a letter of intent from an unnamed major listed copper miner to participate in exploration and mining opportunities in Romania.African Consolidated said the deal was the result of a preliminary assessment of opportunities in Romania carried out ... http://www.canadastandard.com/index.php/sid/214663609/scat/810aad60e2faf4cc Tue, 21 May 2013 12:07:59 -0400 http://www.canadastandard.com/index.php/sid/214663609/scat/810aad60e2faf4cc Accra, May 20, GNA - A two-day capacity building workshop on the continental Africa Mining Vision (AMV) and the related ECOWAS Minerals Development Policy (EMDP) opened in Accra on ... http://www.canadastandard.com/index.php/sid/214663425/scat/810aad60e2faf4cc Tue, 21 May 2013 11:54:50 -0400 http://www.canadastandard.com/index.php/sid/214663425/scat/810aad60e2faf4cc Tim Cook, Apple CEO (Photo credit: Wikipedia) Banks are getting a little choppy up here as they can use a nice rest. Last week, Goldman Sachs (GS), JPMorgan ... http://www.canadastandard.com/index.php/sid/214663610/scat/810aad60e2faf4cc Tue, 21 May 2013 11:54:07 -0400 http://www.canadastandard.com/index.php/sid/214663610/scat/810aad60e2faf4cc Wm. Stacy Locke, president and CEO of Pioneer Energy Services, says the company is testing out compressed natural gas for its fleet trucks and drilling rigs. Drilling-services company Pioneer Energy Services has begun testing a truck powered by compressed natural gas (CNG) with its eye on converting more of its fleet to the low-cost fuel. The San Antonio-based companys new 2013 Chevrolet 2500HD ... http://www.canadastandard.com/index.php/sid/214665399/scat/810aad60e2faf4cc Tue, 21 May 2013 11:29:09 -0400 http://www.canadastandard.com/index.php/sid/214665399/scat/810aad60e2faf4cc Why is the American Association of Petroleum Geologists conference unlike all other gas conferences in Pittsburgh? Let me count the ways. Why is the American Association of Petroleum Geologists conference unlike all other gas conferences in Pittsburgh? Let me count the ways. Click on the photograph to the right to start the slideshow of some of the things that I saw Monday at the David Lawrence ... http://www.canadastandard.com/index.php/sid/214665398/scat/810aad60e2faf4cc Tue, 21 May 2013 11:20:46 -0400 http://www.canadastandard.com/index.php/sid/214665398/scat/810aad60e2faf4cc Ken Bates Chief Executive Officer of Cline stated "We are very pleased to have access to Mark's extensive expertise and experience in the mining industry. Along with his strong industry background, Mark brings a strategic focus to the Company which will be instrumental in Cline moving forward to complete its financial restructuring together with Marret Asset Management Inc., and ... http://www.canadastandard.com/index.php/sid/214663611/scat/810aad60e2faf4cc Tue, 21 May 2013 10:57:44 -0400 http://www.canadastandard.com/index.php/sid/214663611/scat/810aad60e2faf4cc Gold dropped Tuesday about 1% to $1,376.70 an ounce by 7:47 a.m. in New York, driven by mounting speculation the U.S. Federal Reserve may soon end its bullion-friendly bond buying program as a protection of wealth. Yesterday, gold prices fell to $1,336.30, the lowest since April 18, before recovering to close nearer the session high. US Federal Reserve Bank Chairman, Ben Bernanke, is set to ... http://www.canadastandard.com/index.php/sid/214663612/scat/810aad60e2faf4cc Tue, 21 May 2013 10:52:47 -0400 http://www.canadastandard.com/index.php/sid/214663612/scat/810aad60e2faf4cc The PRICE of both silver and gold slipped back in London on Tuesday morning, cutting into yesterday's rapid gains from 4-year and 1-month lows respectively.World stock markets stalled after hitting a series of near and new all-time highs so far this month.The British Pound fell hard - supporting the gold price in Sterling above 910 per ounce - after new data showed a slowdown in consumer ... http://www.canadastandard.com/index.php/sid/214663613/scat/810aad60e2faf4cc Tue, 21 May 2013 10:46:07 -0400 http://www.canadastandard.com/index.php/sid/214663613/scat/810aad60e2faf4cc Bullion traders say the refining of these impure gold bars will be a new line of business in India and jewellers may also look at setting up refineries to ensure a steady supply of the ... http://www.canadastandard.com/index.php/sid/214663614/scat/810aad60e2faf4cc Tue, 21 May 2013 10:40:00 -0400 http://www.canadastandard.com/index.php/sid/214663614/scat/810aad60e2faf4cc A R2.3-billion project to upgrade the railways network from the manganese-rich Northern Cape province to the Port of Ngqura, in the Eastern Cape, has been approved, Transnet Freight Rail (TFR) ... http://www.canadastandard.com/index.php/sid/214662136/scat/810aad60e2faf4cc Tue, 21 May 2013 09:57:34 -0400 http://www.canadastandard.com/index.php/sid/214662136/scat/810aad60e2faf4cc JOHANNESBURG (miningweekly.com) – In a bid to streamline its business, JSE-listed AngloGold Ashanti on Tuesday announced several changes to its executive leadership team, including the appointment ... http://www.canadastandard.com/index.php/sid/214662137/scat/810aad60e2faf4cc Tue, 21 May 2013 09:57:30 -0400 http://www.canadastandard.com/index.php/sid/214662137/scat/810aad60e2faf4cc Discovery Metals Ltd has opened its books to takeover suitors and said it had received an indicative offer from Cathay Fortune Corp, its biggest shareholder."The company has commenced the calling of bids from interested parties and has signed confidentiality agreements with a number of parties to date," Discovery said, adding some had started due diligence.Discovery's share price ... http://www.canadastandard.com/index.php/sid/214662138/scat/810aad60e2faf4cc Tue, 21 May 2013 09:57:24 -0400 http://www.canadastandard.com/index.php/sid/214662138/scat/810aad60e2faf4cc Comex gold futures prices are moderately lower in early U.S. trading Tuesday. The market is seeing a downside technical correction following a surge higher in late trading Monday. The stronger U.S. dollar index Tuesday is also a negative for the precious metals markets. Comex June gold last traded down $11.90 at $1,371.80 an ounce. Spot gold was last quoted down $22.10 at $1,372.50. July Comex ... http://www.canadastandard.com/index.php/sid/214662033/scat/810aad60e2faf4cc Tue, 21 May 2013 09:50:58 -0400 http://www.canadastandard.com/index.php/sid/214662033/scat/810aad60e2faf4cc May 21, 2013 /CNW/ - Compliance Energy Corporation ("Compliance" or the "Company) announces that its subsidiary, Compliance Coal Corporation, on behalf of itself and its joint venture partners, I-Comox Coal Inc. (a subsidiary of Itochu Corporation ... http://www.canadastandard.com/index.php/sid/214662139/scat/810aad60e2faf4cc Tue, 21 May 2013 09:42:17 -0400 http://www.canadastandard.com/index.php/sid/214662139/scat/810aad60e2faf4cc Workers at Australia's Newcastle port, the largest thermal coal export facility in the world, will hold an eight-hour stoppage on Friday to protest proposed revisions to their contract that could hit labour conditions and jobs. The strike, announced by The Maritime Union of Australia (MUA), comes after over 200 employees at Port Waratah Coal Services (PWCS) last week voted in favour of a ... http://www.canadastandard.com/index.php/sid/214662140/scat/810aad60e2faf4cc Tue, 21 May 2013 09:37:58 -0400 http://www.canadastandard.com/index.php/sid/214662140/scat/810aad60e2faf4cc China's demand for gold jumped 20 percent to 294 tonnes in the first quarter of 2013, while global gold demand slid 13 percent in the period, according to a new World Gold Council (WGC) assessment. The WGC recorded demand in China for 185 tonnes of gold jewelry in the first quarter, up 19 percent year on year. Chinese demand for gold coins and bars also hit a quarterly record of 110 tonnes, ... http://www.canadastandard.com/index.php/sid/214662141/scat/810aad60e2faf4cc Tue, 21 May 2013 09:17:02 -0400 http://www.canadastandard.com/index.php/sid/214662141/scat/810aad60e2faf4cc Labour unions are demanding wage increases of as much as 60% from gold and coal-mining companies, boosting the chances of more strikes as the industry struggles to contain rising costs. A two-day stoppage at Lonmin's Marikana platinum mine last week reignited investor concern that a rivalry between unions may lead to violence. "The battle lines are drawn ahead of the mining ... http://www.canadastandard.com/index.php/sid/214660657/scat/810aad60e2faf4cc Tue, 21 May 2013 08:44:13 -0400 http://www.canadastandard.com/index.php/sid/214660657/scat/810aad60e2faf4cc Frankfurt - MXR, PINKSHEETS- MWSNF provides a compilation and assessment of results from the 2013 winter program for the Rompas high-grade, greenfield gold project located in ... http://www.canadastandard.com/index.php/sid/214660804/scat/810aad60e2faf4cc Tue, 21 May 2013 08:31:03 -0400 http://www.canadastandard.com/index.php/sid/214660804/scat/810aad60e2faf4cc May 21, 2013 /CNW/ - Finlay Minerals Ltd. (TSXV:FYL) (the "Company") is pleased to announce a flow-through non-brokered private placement of up ... http://www.canadastandard.com/index.php/sid/214660803/scat/810aad60e2faf4cc Tue, 21 May 2013 08:31:03 -0400 http://www.canadastandard.com/index.php/sid/214660803/scat/810aad60e2faf4cc Mark Saxon President & CEO, is pleased to announce that Tasman has been granted its Mining Lease for the Norra Karr heavy rare earth element (REE) project ... http://www.canadastandard.com/index.php/sid/214660805/scat/810aad60e2faf4cc Tue, 21 May 2013 08:31:02 -0400 http://www.canadastandard.com/index.php/sid/214660805/scat/810aad60e2faf4cc May 21, 2013 /CNW/ - Freegold Ventures Limited (TSX: FVL, Frankfurt: FR4N) ("Freegold") is pleased to report results from remaining five (5) holes of the 2013 Dolphin/Cleary winter drill program. A total of 10 holes were drilled for a total of 11,392 feet (3,472 metres) during the 2013 winter program. The results of these holes will be incorporated in an updated NI 43-101 resource ... http://www.canadastandard.com/index.php/sid/214660806/scat/810aad60e2faf4cc Tue, 21 May 2013 08:31:01 -0400 http://www.canadastandard.com/index.php/sid/214660806/scat/810aad60e2faf4cc May 21, 2013 /CNW/ - Tigris Uranium Corp. (TSX.V: TU) ("Tigris"), and Wolfpack Gold Corp. ("Wolfpack") are pleased to announce the completion of the previously announced reverse takeover transaction (the "Transaction") pursuant to which Tigris acquired all of the issued and outstanding shares of Wolfpack through a three-cornered amalgamation (the ... http://www.canadastandard.com/index.php/sid/214660802/scat/810aad60e2faf4cc Tue, 21 May 2013 08:31:01 -0400 http://www.canadastandard.com/index.php/sid/214660802/scat/810aad60e2faf4cc JOHANNESBURG – Ten striking miners at a chrome mine in South Africa were admitted to hospital after clashes with security guards, police said. "Ten miners were admitted to hospital. They were injured after security guards fired what are reported to be rubber bullets," police ... http://www.canadastandard.com/index.php/sid/214659558/scat/810aad60e2faf4cc Tue, 21 May 2013 07:35:23 -0400 http://www.canadastandard.com/index.php/sid/214659558/scat/810aad60e2faf4cc Russian gold miner said the metal would be sold at an average price of US$1,408/oz and represented about 55% of the group's forecast production for the period.In February, Petropavlovsk said it would forward sell about 46%, or 399,000oz, of its gold production over the 14 months to March next year at an average price of US$1,663/oz.The hedging agreement announced in mid-February was 3% above ... http://www.canadastandard.com/index.php/sid/214659559/scat/810aad60e2faf4cc Tue, 21 May 2013 07:35:21 -0400 http://www.canadastandard.com/index.php/sid/214659559/scat/810aad60e2faf4cc May 21, 2013 /CNW/ - Aureus Mining Inc. ("Aureus" or the "Company") is pleased to announce its NI43-101 compliant optimised Definitive Feasibility Study ("DFS") for its 100% owned ... http://www.canadastandard.com/index.php/sid/214659560/scat/810aad60e2faf4cc Tue, 21 May 2013 07:21:38 -0400 http://www.canadastandard.com/index.php/sid/214659560/scat/810aad60e2faf4cc In a letter to Interior Secretary Sally Jewell, Parnell said he would seek up to $50 million in state funding for seismic testing and proposed a winter-based exploration plan to mitigate environmental impact. The hope is that the plan will not only spur Interior to act but will help the country figure out the best course for ANWR, he said. "The federal government can’t evaluate the ... http://www.canadastandard.com/index.php/sid/214658512/scat/810aad60e2faf4cc Tue, 21 May 2013 06:28:59 -0400 http://www.canadastandard.com/index.php/sid/214658512/scat/810aad60e2faf4cc - A spate of profit warnings from Australian mining services firms suggests the country's "once-in-a-century" resources spending boom may have peaked sooner than companies, economists and policymakers had ... http://www.canadastandard.com/index.php/sid/214658427/scat/810aad60e2faf4cc Tue, 21 May 2013 06:26:44 -0400 http://www.canadastandard.com/index.php/sid/214658427/scat/810aad60e2faf4cc Chile is the world's third largest mining investment destination, said a report.Chile trails only Canada and Australia in attracting mining investment, according to a report release by the state-owned Chilean Copper Commission on Monday.Mining Minister Hernan de Solminihac said he was aware of the challenges from developed mining countries in areas of skilled laborers and business ... http://www.canadastandard.com/index.php/sid/214658432/scat/810aad60e2faf4cc Tue, 21 May 2013 06:23:01 -0400 http://www.canadastandard.com/index.php/sid/214658432/scat/810aad60e2faf4cc May 21, 2013 /CNW/ - PREMIER GOLD MINES LIMITED (TSX:PG) is pleased to announce additional high-grade results from ongoing drilling at the Company's Trans-Canada Property in Northwestern Ontario. Drilling has discovered a parallel gold-bearing horizon within 250 metres of surface and continues to confirm extensions to several horizons. New highlight intercepts ... http://www.canadastandard.com/index.php/sid/214658513/scat/810aad60e2faf4cc Tue, 21 May 2013 06:13:18 -0400 http://www.canadastandard.com/index.php/sid/214658513/scat/810aad60e2faf4cc LONDON (MarketWatch) -- Gold futures dropped on Tuesday, as a firmer dollar added pressure, partly erasing gains from the previous session that ended a lengthy string of ... http://www.canadastandard.com/index.php/sid/214658467/scat/810aad60e2faf4cc Tue, 21 May 2013 06:04:49 -0400 http://www.canadastandard.com/index.php/sid/214658467/scat/810aad60e2faf4cc INCOMING Chamber of Mines of Zimbabwe president and Zimplats chief executive Mr Alex Mhembere says constant dialogue with Government is key to maximising the mining industry's contribution to national economic development. Mr Mhembere said this after he was elected the chamber's new president at a closed council meeting during the 74th annual general meeting at Troutbeck Resort in ... http://www.canadastandard.com/index.php/sid/214658443/scat/810aad60e2faf4cc Tue, 21 May 2013 05:57:19 -0400 http://www.canadastandard.com/index.php/sid/214658443/scat/810aad60e2faf4cc China's gasoline output fell to the lowest level in six months in April as refineries shut processing units for maintenance. Production of diesel and natural gas declined from March while crude was little changed. China, the world's second-biggest crude consumer, produced 7.76 million metric tons of gasoline in April, data today from the Beijing-based National Bureau of Statistics ... http://www.canadastandard.com/index.php/sid/214658514/scat/810aad60e2faf4cc Tue, 21 May 2013 05:51:27 -0400 http://www.canadastandard.com/index.php/sid/214658514/scat/810aad60e2faf4cc JOHANNESBURG (miningweekly.com) – Aim-listed African Consolidated Resources (ACR) would apply to the Attorney General in Zimbabwe for a stay of proceedings while an appeal against a judgment that an indictment against the company could not be quashed, was under way. ACR on Monday said it had had sight of a judgment handed down on May 10, in which it was determined that an indictment ... http://www.canadastandard.com/index.php/sid/214657572/scat/810aad60e2faf4cc Tue, 21 May 2013 05:21:20 -0400 http://www.canadastandard.com/index.php/sid/214657572/scat/810aad60e2faf4cc The death toll a day after a tunnel collapse at PT Freeport Indonesia's massive Grasberg area mining operations rose to four Wednesday, with the company suspending all mining activity, amid rescue attempts for miners still trapped deep underground in the remote highlands of Papua, eastern Indonesia. The company said 10 miners had been rescued since the collapse Tuesday and rescue workers ... http://www.canadastandard.com/index.php/sid/214657581/scat/810aad60e2faf4cc Tue, 21 May 2013 04:45:06 -0400 http://www.canadastandard.com/index.php/sid/214657581/scat/810aad60e2faf4cc Gold demand dropped 13 percent to the lowest in nine years in the first quarter as record exchange-traded product sales by investors outweighed a surge in buying from China and India, the World Gold Council said. Global demand fell to 963 metric tons in the quarter, from 1,107.5 tons a year earlier, the London-based industry group said today in a report. Record jewelry demand in China helped ... http://www.canadastandard.com/index.php/sid/214657580/scat/810aad60e2faf4cc Tue, 21 May 2013 04:45:06 -0400 http://www.canadastandard.com/index.php/sid/214657580/scat/810aad60e2faf4cc Argentina's Labor Ministry, steel workers union and companies agreed to a wage rise of 24 percent, an increase in line with economists' estimates of inflation over the past year. About 250,000 workers will get a 17 percent increase from April 1 and an additional 7 percent from July 1, according to the presidential website. A one-time bonus of 1,400 pesos ($267) will be paid in two ... http://www.canadastandard.com/index.php/sid/214657579/scat/810aad60e2faf4cc Tue, 21 May 2013 04:45:05 -0400 http://www.canadastandard.com/index.php/sid/214657579/scat/810aad60e2faf4cc Chinese aluminum production is likely to come under pressure if the Indonesian government pushes through a planned export ban of unprocessed metal ores in 2014, the vice president of commodities research at Deutsche Bank said Wednesday. Last year, the Indonesian government slapped taxes on the export of 65 different kinds of minerals to push miners to add value to the mining industry by ... http://www.canadastandard.com/index.php/sid/214657578/scat/810aad60e2faf4cc Tue, 21 May 2013 04:45:05 -0400 http://www.canadastandard.com/index.php/sid/214657578/scat/810aad60e2faf4cc The US Commerce Department announced Tuesday that it was launching anti-dumping investigations on prestressed concrete steel rail tie wire from China, Mexico and Thailand. The investigations are in response to the petition filed on April 23, 2013 by the Insteel Wire Products Company based in North Carolina and Davis Wire Corporation based in Washington. They alleged the steel wire imported from ... http://www.canadastandard.com/index.php/sid/214657577/scat/810aad60e2faf4cc Tue, 21 May 2013 04:45:05 -0400 http://www.canadastandard.com/index.php/sid/214657577/scat/810aad60e2faf4cc India's largest copper smelter will remain shut until at least May 16, when a court hearing will resume into complaints of emissions from the plant. The facility meets half of India's demand for the metal, and a near seven-week closure at the plant has tightened supply of refined copper and driven up prices to industry. The plant produces 30,000 tonnes of refined copper a month and ... http://www.canadastandard.com/index.php/sid/214657576/scat/810aad60e2faf4cc Tue, 21 May 2013 04:45:04 -0400 http://www.canadastandard.com/index.php/sid/214657576/scat/810aad60e2faf4cc Global primary aluminum consumption rose 6% year on year to 12 million mt in the first quarter of 2013, aluminum producer Rusal in Russia said Tuesday. China posted the strongest demand growth rate of 11%, supported by a strong 12.81% year-on-year rise in automotive output during the quarter, Rusal said. The company however, did not give the aluminum consumption breakdown by regions. China has ... http://www.canadastandard.com/index.php/sid/214657575/scat/810aad60e2faf4cc Tue, 21 May 2013 04:45:04 -0400 http://www.canadastandard.com/index.php/sid/214657575/scat/810aad60e2faf4cc Mongolia's economic growth slowed in the first quarter after coal prices fell and moderating Chinese demand reduced the nation's exports. Gross domestic product, as measured by production in constant prices, grew 7.2 percent from a year ago, the National Statistical Office of Mongolia said on its website today. That compares with the 16.7 percent pace of expansion for the same period ... http://www.canadastandard.com/index.php/sid/214657573/scat/810aad60e2faf4cc Tue, 21 May 2013 04:45:03 -0400 http://www.canadastandard.com/index.php/sid/214657573/scat/810aad60e2faf4cc India's record coal imports in the past fiscal year, and the virtual certainty they will rise again this year, look bullish for coal markets, but the likelihood is only a select few producers will benefit. This is largely because of what types of coal India is buying and from whom they are purchasing, with the patterns of the past couple of years suggesting the boom in imports is narrowly ... http://www.canadastandard.com/index.php/sid/214657574/scat/810aad60e2faf4cc Tue, 21 May 2013 04:45:03 -0400 http://www.canadastandard.com/index.php/sid/214657574/scat/810aad60e2faf4cc PERTH - Workers at Australia's Newcastle port, the world's largest thermal coal export facility, plan to stop work for eight hours on Friday to protest proposed changes to their work contract that could hit working conditions and jobs. The strike, in which about 220 unionised workers will participate, comes on the heels of a four-hour stoppage last week and is part of a two-week ... http://www.canadastandard.com/index.php/sid/214656628/scat/810aad60e2faf4cc Tue, 21 May 2013 04:12:28 -0400 http://www.canadastandard.com/index.php/sid/214656628/scat/810aad60e2faf4cc PERTH (miningweekly.com) – Gold developer Mutiny Gold has more than doubled the footprint of its Deflector gold-copper deposit, in Western Australia, following recent exploration activities. The ASX-listed company said that in addition, favourable structural settings for Deflector clones have been identified near the Gearles Well intrusive. Mutiny said that this significantly increased ... http://www.canadastandard.com/index.php/sid/214656629/scat/810aad60e2faf4cc Tue, 21 May 2013 04:12:27 -0400 http://www.canadastandard.com/index.php/sid/214656629/scat/810aad60e2faf4cc PERTH (miningweekly.com) – Copper developer Tiger Resources was on the hunt for new capital after Nedbank Capital decided not to participate in a $80-million debt financing facility to partly fund the development of the Stage 2 solvent extraction electrowinning plant at the Kipoi project, in the Democratic Republic of Congo (DRC). Tiger said on Tuesday that it was in discussions with ... http://www.canadastandard.com/index.php/sid/214656631/scat/810aad60e2faf4cc Tue, 21 May 2013 04:12:25 -0400 http://www.canadastandard.com/index.php/sid/214656631/scat/810aad60e2faf4cc PERTH (miningweekly.com) – ASX-listed Discovery Metals, which owns the Boseto copper project in Botswana, has launched a new search for a buyer, after Cathy Fortune Investment’s A$824-million offer was scrapped in February. Discovery said on Tuesday it signed a number of confidentiality agreements with interested parties, some of which also launched due diligence proceedings, which ... http://www.canadastandard.com/index.php/sid/214656630/scat/810aad60e2faf4cc Tue, 21 May 2013 04:12:23 -0400 http://www.canadastandard.com/index.php/sid/214656630/scat/810aad60e2faf4cc PERTH (miningweekly.com) – Iron-ore junior Waratah Resources on Tuesday told shareholders that it would refocus its priorities and create two new divisions within the company. Waratah, which recently completed a A$1.7-million capital raising, said it would now have an African iron-ore focused division and an Australian-focused commodity division. Following an internal review, the ... http://www.canadastandard.com/index.php/sid/214656632/scat/810aad60e2faf4cc Tue, 21 May 2013 04:12:22 -0400 http://www.canadastandard.com/index.php/sid/214656632/scat/810aad60e2faf4cc PERTH (miningweekly.com) – A scoping study for Kaboko Mining’s Mansa manganese project, in Zambia, has confirmed the project’s economics and mine plan. Kaboko said on Tuesday that the completion of the mine plan was critical to the operating programme and pit design, and enabled the company to maximise efficiency and production at theMansa project. The scoping study also ... http://www.canadastandard.com/index.php/sid/214656633/scat/810aad60e2faf4cc Tue, 21 May 2013 04:12:19 -0400 http://www.canadastandard.com/index.php/sid/214656633/scat/810aad60e2faf4cc PERTH (miningweekly.com) – ASX-listed junior Zenith Minerals has increased the resource at its Mount Alexander magnetite project, in Western Australia, by some 36%, to 535-million tons, grading 30% iron and 48% silicon dioxide. The new resource estimate incorporated results from a drilling programme completed in early 2013, the company said. Apart from the defined resource, the ... http://www.canadastandard.com/index.php/sid/214656634/scat/810aad60e2faf4cc Tue, 21 May 2013 04:12:16 -0400 http://www.canadastandard.com/index.php/sid/214656634/scat/810aad60e2faf4cc PERTH (miningweekly.com) – ASX-listed Norton Gold Fields on Tuesday officially opened its Enterprise openpit mine in Kalgoorlie. The A$110-million Enterprise project was expected to deliver some 3.3-million ton of ore a year to the Paddington mill, once it reaches full production during the last quarter of this year. The project was expected to contribute some 110 000 oz/y to ... http://www.canadastandard.com/index.php/sid/214656635/scat/810aad60e2faf4cc Tue, 21 May 2013 04:12:14 -0400 http://www.canadastandard.com/index.php/sid/214656635/scat/810aad60e2faf4cc PERTH (miningweekly.com) – Uranium developer Toro Energy and fellow listed Rum Jungle Resources have signed a farm-in agreement over the potash and related evaporate mineral rights over Toro’s Lake Mackay project, in Western Australia. The Lake Mackay project consists of four exploration licenses covering some 400 km2 of surface area. Toro’s previous shallow drilling has ... http://www.canadastandard.com/index.php/sid/214656636/scat/810aad60e2faf4cc Tue, 21 May 2013 04:12:12 -0400 http://www.canadastandard.com/index.php/sid/214656636/scat/810aad60e2faf4cc The country's' economy grew less than analysts expected in Q1 as an investment boom in the world's largest copper producer began to ... http://www.canadastandard.com/index.php/sid/214656572/scat/810aad60e2faf4cc Tue, 21 May 2013 04:12:11 -0400 http://www.canadastandard.com/index.php/sid/214656572/scat/810aad60e2faf4cc . You may proceed without logging in but all changes will be saved to cookies - this may only last for one browsing session depending on your device ... http://www.canadastandard.com/index.php/sid/214655736/scat/810aad60e2faf4cc Tue, 21 May 2013 03:07:52 -0400 http://www.canadastandard.com/index.php/sid/214655736/scat/810aad60e2faf4cc While former Montana Gov. Brian Schweitzer decides if his political future lies in the U.S. Senate, he is taking on the post of the new chairman of the Stillwater Mining ... http://www.canadastandard.com/index.php/sid/214655685/scat/810aad60e2faf4cc Tue, 21 May 2013 03:07:51 -0400 http://www.canadastandard.com/index.php/sid/214655685/scat/810aad60e2faf4cc In a commentary on Latin American mining prospects, Standard & Poor's predicts a continued price drop for the major metals mined including copper and iron ... http://www.canadastandard.com/index.php/sid/214655737/scat/810aad60e2faf4cc Tue, 21 May 2013 03:07:51 -0400 http://www.canadastandard.com/index.php/sid/214655737/scat/810aad60e2faf4cc LOS ANGELES (MarketWatch) -- Gold futures rose in electronic trade Tuesday, building on gains from the previous session that ended a lengthy string of ... http://www.canadastandard.com/index.php/sid/214655675/scat/810aad60e2faf4cc Tue, 21 May 2013 03:07:12 -0400 http://www.canadastandard.com/index.php/sid/214655675/scat/810aad60e2faf4cc (Adds details, comments) SYDNEY, May 21 (Reuters) - Australian shares fell 0.6 percent on Tuesday, with banks taking a break from recent sharp gains while a series of profit warnings took a heavy toll on mining services firms. Investors were also cautiously awaiting comments from U.S. Federal Reserve Chairman Ben Bernanke for any hint of a sooner-than-expected reduction in bond-buying stimulus. ... http://www.canadastandard.com/index.php/sid/214656579/scat/810aad60e2faf4cc Tue, 21 May 2013 02:55:17 -0400 http://www.canadastandard.com/index.php/sid/214656579/scat/810aad60e2faf4cc The resources sector's contribution to economic growth will fall because increased production won't be enough to offset the decline in mining investment, Treasury Secretary Martin Parkinson warns.Dr Parkinson says the economy faces two major transitions over the next few years, which while supported by lower interest rates, will be challenged by continued weakness in the global economy ... http://www.canadastandard.com/index.php/sid/214655700/scat/810aad60e2faf4cc Tue, 21 May 2013 02:41:40 -0400 http://www.canadastandard.com/index.php/sid/214655700/scat/810aad60e2faf4cc The decline in China's implied oil use in April to an 8-month low, coupled with flat crude imports, gives the impression of weak demand, but the numbers aren't telling the whole story. The International Energy Agency forecast in its medium-term oil market report that Chinese oil demand would rise about 4.1 percent, or 397,000 barrels per day (bpd), to 9.976 million bpd in 2013 from the ... http://www.canadastandard.com/index.php/sid/214655738/scat/810aad60e2faf4cc Tue, 21 May 2013 02:34:34 -0400 http://www.canadastandard.com/index.php/sid/214655738/scat/810aad60e2faf4cc China's steel industry swung back to report profits in the first quarter after recording losses in the same period of last year, an industrial association said Saturday. Large and medium steel companies saw their situation improve slightly in the first quarter, with sales revenues adding 0.94 percent year on year to 875.85 billion yuan (140.8 billion U.S. dollars), according to data ... http://www.canadastandard.com/index.php/sid/214654901/scat/810aad60e2faf4cc Tue, 21 May 2013 01:30:22 -0400 http://www.canadastandard.com/index.php/sid/214654901/scat/810aad60e2faf4cc The International Copper Study Group said Wednesday that the refined copper market balance for January showed a production surplus of around 70,000 mt, with apparent refined demand weak in major consuming regions. "When making seasonal adjustments for world refined production and usage, January showed a surplus of 25,000 mt. This compares with a production deficit of 60,000 mt -- a ... http://www.canadastandard.com/index.php/sid/214654902/scat/810aad60e2faf4cc Tue, 21 May 2013 01:30:22 -0400 http://www.canadastandard.com/index.php/sid/214654902/scat/810aad60e2faf4cc Drilling services company Boart Longyear says its earnings will fall in 2013 because mining companies are scaling back on exploration."The downturn in capital and exploration spending in the mining sector globally has clearly reduced the demand for drilling services and products," chief executive Richard O'Brien told Boart Longyear's annual general meeting in Adelaide.He said ... http://www.canadastandard.com/index.php/sid/214653962/scat/810aad60e2faf4cc Tue, 21 May 2013 01:06:17 -0400 http://www.canadastandard.com/index.php/sid/214653962/scat/810aad60e2faf4cc