East West Resource Corporation is please to announce that a 3000 metre core drilling program to test as many as 27 targets has commenced on their Marshall Lake Property. 15 drill targets were selected from airborne electromagnetic (VTEM) anomalies generated in the fall of 2007. The remaining targets are Induced Polarization (IP) anomalies in [...]
China’s largest nickel producer, Jinchuan Group Ltd, has taken a 11 per cent equity stake in Perth-headquartered nickel explorer and producer Fox Resources Ltd.
The news sent Fox shares north, up 15 cents, or 30.93 per cent, to 63.5 cents at 1229 AEDT on Monday.
Jinchuan secured statutory approvals from the Chinese Government and the Provincial Government [...]
ZINIFEX Ltd has prevailed with its $790 million, three-month takeover battle for Allegiance Mining NL, announcing it has gained control of the nickel miner.
Lead and zinc miner Zinifex, which was born from the ashes of the failed Pasminco Ltd, said it had increased its stake in Allegiance to 51.1 per cent from 44.78 per cent [...]
Portal Resources Ltd. is pleased to announce that drilling has commenced on the Refugio porphyry molybdenum-copper zone at the Arroyo Verde project in Chubut province, Argentina.
The Company recently completed 15 kilometers of pole-dipole IP/Resistivity survey indicating the presence of two large, discrete IP chargeability anomalies coincident with anomalous molybdenum and copper geochemistry in surface rock [...]
Canadian stocks may struggle to build on this month’s rally as energy producers such as Petro-Canada may fall along with oil prices.
Losses in the market may be limited after Alcan Inc. and Rogers Communications Inc. reported earnings that exceeded analysts’ estimates.
The Standard & Poor’s/TSX Composite Index may also be supported by higher prices for industrial [...]
For Evy Hambro, who manages the world’s biggest mining fund at Merrill Lynch & Co., small is profitable.
Hambro steered the $6.6 billion fund to the best performance this year among 270 peers tracked by Standard & Poor’s by increasing investments in small and mid-sized companies. Shares of Hambro’s top performers, Perilya Ltd. of Australia and [...]
