Bloomberg is out with a great article this morning on the junior mining sector (Hat tip to Jon Jones @ Haywood for forwarding). According to the article, mining acquisitions under $1 billion have slumped to an 8 year low. Additionally, there are 972 mining companies in Canada with no revenue over the past 12 months,… Continue Reading
Lundin Group company, ShaMaran Petroleum (SNM:TSX), received good news on the development of its Atrush block located in the Kurdistan region of Iraq. The company and its partners received approval from the Kurdistan regional government for the first phase of development there. This approval allows for a 25-year development license which allows SNM, TAQA and… Continue Reading
THE CALANDRA REPORT: Subscribe Concordia Resource Corp. – one of Canada’s most puzzling metals equities – is gaining a DRC Congo nickel, copper and cobalt property and another, copper and gold, in Australia. Concordia (CCN in Canada) explains that pending shareholder approval it also shall distribute shares of a new Argentina-focused explorer to shareholders. That’s… Continue Reading
Stockwatch is reporting on a shell company, Raystar Capital, with some prominent shareholders including Lukas Lundin, Randall Oliphant, Doug Forster, and Blayne Johnson, which is about to become Newmarket Gold. Sources tell us Newmarket will be going after producing gold assets, and that Doug Forster will become the company’s CEO. Mr. Forster is an accomplished… Continue Reading
NGEx Resources (NGQ:TSX) released an updated resource estimate for its Los Helados copper-gold porphyry project. The project is a large, low-grade, bulk tonnage copper-gold porphyry system located on a contiguous land package that the company holds in Chile’s Region III. The company completed an additional 32 holes and over 32,200m which was completed earlier this… Continue Reading
Newstrike Capital (NES:TSXV) hasn’t had an easy ride over the past year, with share prices hitting 3-year lows, however, they have been efficiently adding value to their Ana Paula project in Guerrero State, Mexico. Today they discovered several high-priority targets on a parallel trend with the Ana Paula project (which, the market didn’t care for much… Continue Reading
Lundin Group oil junior, Africa Oil (TSXV:AOI) depended the hole of its Etuko-1 target to penetrate the Lower Lokhone formation and has hit 50m of potential net pay. The company already hit 40m of net pay in the Auwerwer and Upper Lokhone reservoirs, so this increase in depth will be flow tested later this year… Continue Reading
Bloomberg interviewed Lucara Diamond Corp. CEO William Lamb in Vancouver last week. Mr. Lamb communicated a desire to diversify Lucara’s asset base: “We’re still only a company of one asset. To de-risk you want at least two assets, two producing entities.” He also put a bright spin on falling diamonds prices: “Some companies might put… 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
“One drill hole changes the game. It’s very hard to decide who gets to make it and who doesn’t. It’s a big gate, and yet very few make it through. But you have to let them try.” — Lukas Lundin “Did you know you were getting the better end of that deal with Kinross?” I… 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
William Lamb, President and CEO commented, “The recovery of these large stones is hugely significant to both Lucara and Botswana. To the best of my knowledge, the 239 carat stone is one of the largest diamonds ever to have been recovered from the highly prolific Orapa kimberlite field in over 40 years of production. The… Continue Reading
