Cecilia Jamasmie , Senior Editor

NovaGold to spin-out Ambler Project into NovaCopper

NovaGold Resources Inc. (TSX:NG)(NYSE Amex:NG) provided an update on the previously announced spin-out transaction of NovaCopper, a wholly-owned subsidiary, which holds NovaGold’s interest in the Ambler project located in Alaska, U.S.

Cecilia Jamasmie | February 21, 2012 | 2:25 pm

Gold exploration in Nunavut gets a boost

Toronto and New York-listed gold producer Agnico-Eagle Mines Limited (AEM) has received permission from the Nunavut Impact Review Board (NIRB) to move ahead with an all-weather access road to its Meliadine exploration gold project.

Cecilia Jamasmie | February 21, 2012 | 2:13 pm

Focus finds bonanza silver grades at its Peru Minas Chanca Project

Focus Ventures Ltd. (CVE:FCV) announced this morning high- to bonanza-grade silver intercepts from its Minas Chanca project in Peru.

Cecilia Jamasmie | February 20, 2012 | 6:53 pm

Caterpillar relocates production factory from Japan to the U.S.

Caterpillar Inc. (NYSE:CAT) plans to relocate one of its major production factories from Japan to the U.S. and employ an estimated 1,400 workers, announced the company.

Cecilia Jamasmie | February 20, 2012 | 5:24 pm

Chile the largest copper producer and the country with the biggest reserves — USGS

Chile is not only the largest copper producer in the world, but also the country with the largest worldwide reserves of the red metal, reveals the latest commodity report by the U.S. Geological Survey (USGS).

Cecilia Jamasmie | February 20, 2012 | 4:02 pm

Chile Collahuasi mine resumes operations after snowstorm halt

Collahuasi, the third largest copper mine in the world, resumed operations this morning after a snowstorm halted production on Sunday, publishes online news outlet Terra.cl

Cecilia Jamasmie | February 20, 2012 | 3:10 pm

Avanco Resources to double copper gold resource through acquisition from Xstrata

Brazilian copper developer Avanco Resources (ASX:AVB) said today that it would double the company’s copper gold resources through the acquisition of the Pedra Branca Copper-Gold Project in Brazil's Carajas Mineral Province from Xstrata Copper.

Cecilia Jamasmie | February 20, 2012 | 1:42 pm

Two of the 33 Chilean miners trapped in 2010 back to work

Two of the 33 Chilean miners trapped during 69 days underground in 2010 are back in the mining world, after over a year of vain efforts to find a job, reports local online news site SoyCopiapo.cl.

Cecilia Jamasmie | February 19, 2012 | 11:55 pm

Teck launches billion-dollar bond sale to pay down debt

Canadian miner giant Teck Resources (TSX:TCK.B) has priced a $1 billion, two-part bond deal featuring seven-year and 30-year maturities in the U.S. credit markets, announced late Thursday.

Cecilia Jamasmie | February 17, 2012 | 2:59 pm

Anglo American reports solid 2011 profits thanks to coal and diamonds

London-based giant miner Anglo American PLC (LON:AAL) announced today record $13.3-billion 2011 earnings, a 23% increase in underlying earnings a share and a 14% increase in annual operating profits to $11.1 billion.

Cecilia Jamasmie | February 17, 2012 | 2:08 pm

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