With excerpts from today’s Ivanhoe Mines news release. Robert Friedland, Executive Chairman of Ivanhoe Mines (TSX: IVN), and Lars-Eric Johansson, Chief Executive Officer, announced today that the company is proceeding with the sinking of a bulk-sample shaft to access the underground Flatreef platinum, palladium, nickel, copper, gold and rhodium discovery at its Platreef Project in… Continue Reading

THE CALANDRA REPORT: Subscribe $91 yearly and rising JOHANNESBURG — Ivanhoe Mines (TSX:IVN) this week began what looks like a two-year strategy to fortify deposit estimates and tune technical criteria for its Platreef/Flatreef platinum group metals properties in South Africa’s Limpopo Province. A bulk mining permit is in the works, one of perhaps 16 applications,… Continue Reading

No time to write. May be surprise assays soon from Ivanhoe Mines’ Gabon gold property. Attached are photos from Drc Kamoa and Kipushi projects. Kamoa is likely biggest high grade copper property in world. In SA now at Flatreef Platreef … the African Minerals property that has been in Ivanhoe family since 1991. Platinum nickel… Continue Reading

North American Nickel (NAN:TSXV) has released assay results from its Imiak Hill project.  The company intersected 24.75m of near solid to solid sulphide mineralization averaging 35-40% total sulphides.  There were two intervals contained within hole MQ-13-028 which included 17.91m of 40-45% sulphide and 2.4m of 50-60% sulphide.  Hole MQ-13-028 which was the deepest of four… Continue Reading

On Friday, North American Nickel Inc. (TSXV:NAN) announced an 18.62 meter interval with heavy sulfides at the Imiak Hill target at the Maniitsoq project in southwestern Greenland. Assays from the drill intercept are still 3-4 weeks away, NAN CEO Rick Mark tells me, however a photo of the drill core embedded in the press release has… Continue Reading

It’s a different reality for the Lundin’s, an extremely successful, and well financed oil and mining exploration and development group. Chairman Lukas Lundin tells Mineweb’s Kip Keen his copper companies intend to keep their exploration budgets intact, and expresses optimism for continued, high commodities prices. You should read the full article over at Mineweb. Here are a few excerpts:… Continue Reading

Yesterday I had another opportunity to hear Frank Giustra speak — this time at BCBusiness Magazine’s Top 100 event at Hotel Vancouver. In front of a crowd of 1,200, he was interviewed on stage by BCBusiness chairman Peter Legge. Frank Giustra became a millionaire in his early 20s financing small mining and energy companies. As Chairman… Continue Reading

A World of Mining special – Part 2 of 2 Part 1: Chasing the carat: Canada’s Queen of Diamonds comes full-circle Stornoway Diamonds’ hostile takeover of Ashton Mining and Quebec’s Renard diamond project in January 2007 was followed by an exodus of Ashton executives and managers. Several departed for Peregrine Diamonds, which is advancing its flagship… Continue Reading

Copper and silver tycoon and environmentalist Ross Beaty sees stagnant global growth, but strong fundamentals for gold. Here he shares his views, and a few memorable moments in his career — on both sides of the industry. “Comfortable with ambiguity,” says the sign on Pan American Silver chairman Ross Beaty’s office door. It’s a fitting… Continue Reading

TORONTO — Ivanplats Robert Friedland needs no introduction. For one, he is North America’s greatest mining showman. Second, he is almost surely a billionaire. Third, he is a miner’s mining exec. “He knows his metals, and his black box works,” platinum prospector and Ivanplats board member William Hayden told me the other day over fizzy… Continue Reading

No-rail advantage puts Oceanic’s Hopes Advance project before Asian steelmakers for potential partnership. Iron ore is the key ingredient used to make steel. The majority of the seaborne trade, that is, iron to be shipped to other countries, goes to China. An oligopoly exists today whereby China is forced to rely on Big 3 producers… Continue Reading

Source: “Junior Venture Exchange Needs Cleansing” says Rick Rule of Sprott Global Resource Investments. Small Cap Power Q: The Canadian junior market and the resource juniors continue to struggle as investors shy away from them despite the TSX and Dow Jones trading at very good levels. When do you see the junior markets starting to perform again?… Continue Reading

The Mackenzie Valley Review Board has released its Report of Environmental Assessment and Reasons for Decision for Fortune Minerals’ NICO gold-cobalt-bismuth-copper project. This is a significant milestone for the NICO project, see: Fortune Minerals receives Environmental Assessment Board approval for the NICO mine & mill

Sculpture has been, along with painting, the standard of measurement for all great cultures. I think that sculpture up to the end of the 1950’s really talked about the wealth and standing of the countries it came from. There is an internal decadence and seriousness of marble and bronze. They are expensive, labour intensive products… Continue Reading

“We lower our 3-, 6- and 12-mo gold price forecasts to $1,825/toz, $1,805/toz and $1,800/toz and introduce a $1,750/toz 2014 forecast.” Gold cycle set to turn on improving US recovery. Goldman Sachs “He completely lost the narrative,” one investor told us. “It was obvious the ECB would not let that happen.” Paulson Said to Blame Bet Against… Continue Reading