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, [...]
Thursday, July 23, 2009
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
Continue reading "Newmont 2nd qtr profit dipped on lower copper prices"
Friday, June 19, 2009
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
Continue reading "Idled Metal Capacity restarted, projects on mine"
Monday, March 2, 2009
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
Continue reading "Copper exploration troubles seen stoking metal rebound"
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Thursday, January 6, 2011