Bucyrus International has entered into a preliminary framework agreement with Huainan Mining Industry (Group) Co to establish the basis for the potential creation of a joint venture in the Huainan mining area of the Anhui Province in China. The preliminary agreement contemplates Bucyrus owning a controlling interest in a joint venture that would involve the […]

Randgold Resources, which earlier this year assumed operational responsibility for the Morila joint venture, is committed to ensuring that the balance of the gold mine’s life is fully exploited for the benefit of all stakeholders, chief executive Mark Bristow told members of the media at a briefing in the Mali capital today. Contrary to what […]

Yukon Zinc and Griffin Mining have signed an Agreement whereby Griffin will acquire all of the issued shares of Yukon Zinc through a court-approved plan of arrangement. After completion of the transaction Griffin will have a strong balance sheet with over C$200 million in cash. It will hold a 60% interest in the low-cost Caijiaying zinc-gold-silver-lead […]

First Quantum Minerals and Scandinavian Minerals have entered into a definitive agreement pursuant to which a wholly-owned subsidiary of First Quantum will acquire, by way of a court-approved plan of arrangement, all of the outstanding common shares of Scandinavian Minerals. The implied value of the purchase price is C$9.89 per Scandinavian Minerals share (based on the […]

Mining companies have commented on the new Mining Mandate adopted by Ecuador’s Constituent Assembly on April 18. Glen H. McKay, Chairman of Cornerstone Capital Resources said: “For Ecuador and its mining and exploration business it was not a good day. The unexpected Mining Mandate passed by the Constituent Assembly blindsided the industry, especially considering the […]

Ongoing exploration activities by Hindustan Zinc Ltd (HZL) have yielded significant success with an increase of 28.7 Mt to its reserves and resources, prior to a depletion of 5.8 Mt in FY 2008. Contained zinc-lead metal has increased by 4 Mt, prior to a depletion of 0.6 Mt during the same period. Total reserves and resources […]