Sojitz Corp., a Japanese-based trading company, has signed a letter of intent to buy a 25-per-cent stake in the Gibraltar copper-molybdenum mine from Vancouver-based Taseko Mines for about $180 million. The joint venture, which is subject to due diligence by Sojitz, would see Taseko retain a 75-per-cent stake in the …
Metal-Tech expects full-year revenue to be in line with market expectations but warns its margins are lower and its financial expenses higher than expected. The specialty metals group says it continued to experience low demand in the second half of 2009, due to the slowdown in end markets such …
It might be harder to source tantalum capacitors in the next couple years. Sharp cutbacks in tantalum ore mining could lead to supply tightness in tantalum capacitors in 2011 and 2012, according to a new report. The problem is that a lot of tantalum production has ceased because of low …
The Democratic Republic of the Congo houses an incredibly violent and heart-wrenching conflict. Since 1996, this country has been at war; the principal motivator for the conflict is greed. Tutsi forces from Rwanda, one of the Congo’s neighboring countries, have invaded the Congo with the intent of annihilating the Hutu …
Jet turbine engines have benefited from decades of development of nickel-based superalloys, which have allowed a steady increase in engine operating temperatures and led to improved performance and efficiency. However, operating temperatures are now reaching limits posed by the melting temperatures of these materials. New materials, including alloys based on …
Unexpected currency gains helped Angel Mining, which mines for gold, zinc and lead in Greenland, move into profit in the six months to 31 August. Pre-tax profit for the period totalled £529,000 compared with a loss of £2.33m over the same period the previous year. Angel hopes its Black Angel …
A woman in Blackfoot is saying a surgeon at Portneuf Medical Center in Pocatello along with some help from up above saved her life. It’s all thanks to a new procedure that has never been done in Idaho before. “I remember telling myself not to move because I knew I …
South American Silver Corp. (“SASC” or the “Company”) (TSX:SAC) reports that it has released its unaudited interim consolidated financial statements for the nine months ended September 30, 2009 and the related management’s discussion and analysis of financial position and results of operations (“MD&A”). As at September 30, 2009, the Company …
THE GOVERNMENT has allowed a British miner to fully own and operate a gold and molybdenum mine in Northern Luzon, the fourth such arrangement under a landmark law that allowed foreigners to exploit the country’s mineral resources. The Office of the President granted the local unit of London-based Metals Exploration …
TTM Resources Inc. has laid out a timeline to develop a $1-billion molybdenum mine in B.C.’s Northern Interior: Hoping for a construction start in 2012. However, that will depend on a regulatory review process – expected to involve both the B.C. and federal governments – that can last two to …