Metals Economics Group’s (MEG) analysis of 2006 exploration budgets from the 17th edition of Corporate Exploration Strategies (CES) shows that budgets have increased to almost $7.13 billion this year—the fourth consecutive annual increase since the bottom of the exploration cycle in 2002 and the highest total since MEG began these reports in 1989. The 2006 […]

Anglo American is investing $25 million in becoming a shareholder in Nautilus Minerals as part of the latter’s raising of gross proceeds of $68.5 million. David Heydon Nautilus CEO commented: "We are pleased to welcome Anglo American as an investor in the Company. Anglo American’s access to world-class operating and technical capability can provide assistance […]

Corriente has signed a Letter of Intent (LOI) with Metso Brasil Industria e Comercio Ltda. to supply the major components of the processing facility at the Mirador copper-gold project in Ecuador. The LOI quotes an equipment package totaling over $27 million, which includes a crusher, SAG mill and ball mill. Signing of this critical LOI […]

Corriente has signed a Letter of Intent (LOI) with Metso Brasil Industria e Comercio Ltda. to supply the major components of the processing facility at the Mirador copper-gold project in Ecuador. The LOI quotes an equipment package totaling over $27 million, which includes a crusher, SAG mill and ball mill. Signing of this critical LOI […]

Comalco’s bauxite mine at Weipa in Queensland has won the Australian minerals industry’s highest accolade – the 2006 MINEX Award – the National Minerals Industry Safety and Health Excellence Award. At the Awards dinner on October 23, Minerals Council of Australia MCA Chief Executive Mitchell H Hooke said the Australian minerals industry was committed to […]

Lundin Mining and EuroZinc entered into an agreement to merge through a Plan of Arrangement and that has now been completed. The merged company, Lundin Mining Corp, is listed on the Toronto Stock Exchange (TSX symbol LUN), the Stockholm Stock Exchange (SSE symbol LUMI) and the American Stock Exchange (AMEX symbol LMC) as of November […]