Minco Silver and Sterling Mining Co (IM, May 2008) have signed a letter of agreement whereby Minco Silver will acquire 100% of the issued and outstanding shares of Sterling. The transaction will result in Minco Silver controlling two worldclass silver deposits including the Fuwan Silver property in China and the Sunshine Mine in Idaho, USA.

A more subdued start to the 2nd quarter sprang to life in May and June as investors returned to the market against a backdrop of rising inflation, ongoing dollar weakness and heightened financial-market and geopolitical concerns. The price of gold ended Q2 virtually unchanged from its level at the end of the first quarter, at […]

In these days when contract exploration drills are hard to get, companies are increasingly buying their own rigs, or even drilling contracting companies, as in the case of Ashburton Minerals. Ashburton has just moved to full ownership of Transdrill after its wholly owned subsidiary, Trans Pacific Gold, acquired the remaining 50% of the private drilling company. Transdrill […]

ArcelorMittal, which now describes itself as “the world’s largest integrated metals and mining company,” has signed an agreement to acquire the Concept Group. Concept, located in southern West Virginia and adjacent to the recently acquired Mid Vol Coal Group in the Central Appalachian Coal Basin, produced 0.8 Mt of metallurgical coking coal in 2007 and […]

Due to an error by our printer we regret to report that pages 43 and 41 of the July issue were transposed. What now appears on page 43 is in fact the last page of the Automated Mineralogy feature. The BTI Breaker Technology advertisement should appear on page 43, in the Service/utility vehicles article.

MINExpo International 2008, the world’s largest mining equipment and technology exposition, is just two months away and international vendors are working with the US Department of Commerce’s (DOC) International Buyer Program (IBP) to facilitate a robust international component of the show. To date 15 countries are using the IBP to organise delegations to attend the […]