Posts Tagged ‘cobalt’

Fortune Minerals of London, ON, says the results of a mini-pilot plant test conducted on ore from its NICO gold-cobalt-bismuth-copper project near Mazenod Lake, NT, point toward a simplified flowsheet and improved economics. Full story

Stock in Formation Metals (TSE:FCO) plunged 13% today after a European bank decided to terminate its loan agreement with the Vancouver-based company. The $79.5 million loan from BNP Paribas was to go towards construction of Formation's Idaho cobalt mine. Formation said the credit facility was terminated without the closing of the subject financing. Full story

A new minimally-invasive procedure that can safely and effectively treat brain aneurysms without open surgery by implanting an FDA-approved device consisting of a flexible braided mesh tube made of platinum and nickel-cobalt chromium alloy directly into the artery has been chosen by research facility Cleveland Clinic as one of the top 10 medical innovations for 2012. The 90-year old multispecialty academic medical center which has ... Full story

Mining company, Sandulula Mining Ltd., is seeking technical and equity funding partners to develop mines in Zambia. Investment opportunity: Mining company, Sandulula Mining Ltd., is seeking technical and equity funding partners to develop mines in Zambia Full story

Moderately lower base metals, molybdenum, uranium and silver prices more than offset stronger gold, potash and cobalt prices in May, lowering the Scotiabank Commodity Price Index by 2.3% last month. LME copper prices eased from US$4.30 per pound in April Full story

Moderately lower base metals, molybdenum, uranium and silver prices more than offset stronger gold, potash and cobalt prices in May, lowering the Scotiabank Commodity Price Index by 2.3% last month. LME copper prices eased from US$4.30 per pound in April to $4.05 per pound in May "and are still exceptionally lucrative at US$4.08 in late June," noted Scotiabank economist Patricia Mohr. Full story

Caledonia Mining is an African-focussed mining, development and exploration company with a producing gold mine in Zimbabwe, a copper-cobalt exploration and development project in Zambia and platinum and base metals exploration projects in South Africa. Full story

Duluth Metals Limited has reported that financing of the Twin Metals Project in Minnesota, USA, are fully covered for the next three years by Antofagasta plc who is providing US$130 million in funding for the joint venture operating company, Twin Metals Minnesota LLC (Twin Metals) which is 60% owned by Duluth Metals and 40% by Antofagasta plc. Full story

Jervois Mining Limited advised the market that the attached announcement was released by EMC Metals Corp (EMC) to the Toronto Stock Exchange (TSX) overnight, in its capacity as the first joint venture manager of the Nyngan, NSW Scandium Joint Venture Project. Full story

Duluth has completed its acquisition of Franconia thus consolidating a huge area on the enormous Duluth Metals complex where it is looking to develop a major mining operation in a 60:40 venture with Antofagasta. Full story