Globex Mining Enterprises Inc. (TSE:GMX) acquires the different properties in the Chibougamau mining district in Quebec. The press release is quoted as saying: Globex has now gathered a land package in the heart of the Chibougamau mining district consisting of five (5) former producers with significant exploration potential, two unmined deposits – one of gold, [...]
Newmont Mining Corp., one of the world’s largest gold producers, declared that its second-quarter profit sank 40 percent as copper prices slipped and its tax bill jumped significantly. For full story, click here
Encouraged by higher prices, a few metal producers have commenced to reverse earlier cutbacks and project delays, prompted around mid-2008 by plunging demand. For full story, click here
Exploration companies at the world’s largest annual mining conference were told on Sunday that their failure to uncover top-notch copper deposits could end up being the salvation of current producers, which have been hit by the sharp decline in the metal’s price. For full story, click here
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