ANALYSIS—ProspectingJournal.com—Local protestors have stalled Newmont Mining’s[NMC – TSX] $4.8 billion Minas Conga project in Peru over environmental concerns. Unfortunately, this is a situation that the international mining community is quite familiar with. Peru’s mining industry must constantly balance wealth-creation with community relations. This rapidly developing Andean nation derives 50% of its tax revenue from mining, [...]
Q&A with Bryan Slusarchuk, CEO of Tirex Resources Ltd.
February 9, 2012 By Leave a Comment
Q&A–ProspectingJournal.com–Bryan Slusarchuk, CEO of Tirex Resources [TXX - TSX.V] recently took the time to answer some of the Prospecting Journal’s questions on Albania, Tirex’s exploration and development activities, and the price of copper and gold. Q: Why Albania? When you think about copper and gold exporting countries, Albania isn’t the first one to jump to [...]
After the Merger: Endeavour Mining Meets 2011 Gold Production Targets
February 3, 2012 By Leave a Comment
ANALYSIS—ProspectingJournal.com—Shortly after announcing its “Merger of Equals” with Australia’s Adamus Resources, West African gold producer and explorer Endeavour Mining [EDV – TSX] has confirmed the value of this strategic partnership by meeting its 2011 production targets. As the recent release of Endeavour’s Q4 and 2011 gold production results show, the 2011 targets were well-calculated to [...]
Endangered Elements: Tungsten Among China’s Potential Embargo List
December 21, 2011 By Leave a Comment
ANALYSIS – ProspectingJournal.com – It didn’t take long for the panic to set in, last year, when the Chinese government flexed its muscle by threatening the world’s Rare Earth Element (REE) supply. With 95% of REE supplies coming from China, that scare was indeed legitimate. But REEs aren’t the only elements with which China has [...]
North American Miners Receive Bump As European Union Summit Falters
December 7, 2011 By Leave a Comment
ANALYSIS – ProspectingJournal.com – At this week’s European Union summit, the reaction upon Germany’s rejecting further injections into the region’s current bailout were swift, as European stocks tumbled at the mere mention of holding back. This pull back plus recent North American downswings have left investors with a field of bargains to choose from in [...]
Canadian Uranium Scene Sizzles as Rio Tinto Enters Athabasca Basin
December 1, 2011 By Leave a Comment
GUEST ANALYSIS– ProspectingJournal.com – Months after drawing the mining giant into the province’s potash sector, Saskatchewan is rolling out the carpet again for Rio Tinto, and this time it’s for uranium. Ending what many were speculating to become a bidding war with Canadian uranium miner Cameco [CCO – TSX, NYSE], Rio Tinto successfully won out [...]
Peru: An Emerging Power in the Global Gold Hunt
November 29, 2011 By Leave a Comment
ANALYSIS – ProspectingJournal.com— Peru has a rich precious metals history. This diverse Andean nation, once a victim of Spanish looting, is now the largest silver producer in the world, the second largest copper and zinc producer and the sixth largest gold producer. The richness of its mineral deposits stems from a dramatic landscape consisting of [...]
Albania Economy Surges with Canadian Resource Investment
November 10, 2011 By Leave a Comment
ANALYSIS – ProspectingJournal.com – According to Albanian Prime Minister Sali Berisha, Albania’s economy increased during the first 9 months of the year, fueled by increased exports of goods and resources. Though the country still has a long road ahead of it in terms of living up to its growth potential, and before it joins the [...]
Adamus Resources + Endeavour Mining = Perfect Synergy
November 8, 2011 By Leave a Comment
ANALYSIS – ProspectingJournal.com – During this last August, in the waning days of North American summer and Australian winter, Adamus Resources [ADU – ASX] and Endeavour Mining [EDV – TSX] announced a “merger of equals,” which would entail the creation of a multi-mine operating entity emerging as a gold production leader in West Africa. Each [...]
African Explorer Confirms High Grade Iron Ore Deposit
GUEST ANALYSIS: Metalinvestmentnews.com. Iron ore prices have surged 24% in November to $147.40 per metric ton. Despite fears of a “hard landing” in China, Morgan Stanley estimates Chinese infrastructure spending for 2012 to be around $1 trillion. By 2017 it will be $1.8 trillion – an 80% increase. China’s domestic iron ore deposits are [...]