LUSAKA – Copper production in Zambia, Africa’s leading producer, rose 16% in the first five months of 2010, shored up by rising global metals prices, Bank of Zambia figures showed on Friday. Copper output at 321 132 t from January to May was higher than the 276 230 t the southern African country produced during [...]

Indonesian-focused Sumatra Copper & Gold (ASX: SUM) has announced the first drilling results from the Tembang project and surface sample results from the Tandai project. The best result at Belinau include 1.60 metres @ 17.89 g/t Au and 17.0 g/t Ag. Mapping, float and channel sample results at Glumbuk (Tandai project) indicate the potential for [...]

MUMBAI, Feb 22 – Indian shares joined Asia’s rally on Monday, with software companies leading the gains, as investors took the U.S. Federal Reserve’s discount rate hike last week as a sign the world’s largest economy was recovering. By 9:37 a.m. (0407 GMT), the 30-share BSE Index was up 1.26 percent at 16,395.62, with all [...]

WASHINGTON  — The Federal Reserve surprised financial markets Thursday by lifting the lending rate it charges banks, one of the most potent signs yet that the central bank is focused on dismantling the emergency policies crafted to battle the financial crisis. In a statement shortly after the stock market closed, the Fed said it would [...]

MANITOBA — Toronto-based Crowflight Minerals has announced its intention to resume nickel production at its Bucko Lake mine near Wabowden by the end of February 2010. The target milling rate is 1,000 t/d during Q2 and 1,200 t/d during the last half of the year. Mining was suspended in November 2009. Meanwhile, Crowflight has been [...]

Perth-based Western Uranium (ASX: WTN), to be renamed Groote Resources Limited will have a busy manganese exploration program at its Groote Eylandt Manganese Project in the Northern Territory. Perhaps not lost on all investors to date, Western Uranium owns a large tenement portfolio prospective for manganese adjacent to the world’s third largest managanese producer and [...]

TORONTO, ONTARIO–(Marketwire – Feb. 5, 2010) – Victory Nickel Inc. (the “Company”) (TSX:NI) today announced it has begun the 2010 work program on its 100% owned Minago Nickel Project located in the Thompson Nickel Belt, 225 kilometres south of Thompson, Manitoba. Diamond drilling equipment has been mobilised, and this phase of the work program will comprise [...]

The IPO had been scheduled to become the biggest resources float of 2009 before it was delayed and revised down from $214m in December, after about 25 per cent of investors failed to meet their settlement obligations.UK broker Mirabaud Securities, which acted as the UK placing agent on the Q Copper IPO, has denied it [...]

Sydney-based Global Geoscience (ASX: GSC) announced a drill intersection of 24m at 877ppm molybdenum at its 100%-owned Sara Sara project in southern Peru. Global Global Managing Director Bernard Rowe said the company had recently completed the first drilling program undertaken at the prospect. “The high grade intersection demonstrates the potential of this newly discovered mineralised [...]

CAPE Lambert’s delayed $174 million float of Q Copper has become the latest IPO to fall over, with the Perth-based miner pulling the float because of “recent adverse market conditions”. The IPO had been scheduled to become the biggest resources float of 2009 before it was delayed and revised down from $214m in December, after [...]

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