Canadian Mining Stocks Moves the Khandaker Mining WorldTM Index
Khandaker Advisors & Co., a leading global Buy-Side Advisory and risk management firm, today announced the top contributors of the month of its proprietary Khandaker Mining World™ Index which has increased by 16.4% since its inception from average market capitalization of around C$650M to C$805M. The index and some of the members companies will be officially introduced to the Buy-Side community during Khandaker Mining World™ Institutional Conference on April 26-27, 2010. Because Khandaker Mining World™ Index is designed to use by mining focused investment managers and institutional investors of index funds and as benchmarks for both passive and active investment strategies. The recent increase in index was primarily fueled by the up-tick on in the Canadian mining equities, which contributed to the lion share of the top gainers. Read more
Mining in Argentina 2009 – After the Storm, is the Outlook Positive? By Paola Rojas
On spite of the global crisis, Argentina continues to crystallize projects and mines of significant importance, further enhancing an already dynamic sector.
It is true that the crisis precipitated the exit of a good number of companies with in exploration projects -both grass roots and advanced- but the vast majority owe their withdraw to other reasons. For example, Alexander Gold had already decided to stop their Leon project months before; they now are only maintaining the property and focusing in the development of their processing technology Metaleach. ATW Venture (now ATW Gold) completed two drilling programs between 2007 and 2008 in the Amarillo project, owned by Marifil Mines, and after not being able to find what they intended they decided to leave the country to focus on their newly acquired gold mine, now already in production. Most of the over 130 companies still active in Argentina have reduced their activities drastically, but with the interest of maintaininfg their assets and wether the storm. It is frankly not strange, that in an environment mostly populated by junior companies, the sector has a high mobility, in any situation. Read more
Workers Peru Miners to Commence Two-day Nationwide Strike
Workers from more than a dozen mining companies in Peru will commence a two-day nationwide strike today demanding more shares and benefits.
Mining Federation general secretary Luis Castillo said miners will stop working from 1am New York time, according to Bloomberg.
The Mining Federation, which comprises 70 unions and 28,000 workers, is urging Peru’s Congress to raise the miners’ profit share from 8percen to 10percen and reduce the age of miners who are eligible for pension from 55 years to 50 years. Read more
Peru’s national federation nationwide strike hits key Buenaventura mines
Peru’s national federation of mining unions started a two-day nationwide strike on Monday to pressure the government to change rules on labour benefits, and precious metals miner Buenaventura said two of its key mines were paralysed.
Unions at several large mines had said over the weekend they would walk off the job, although unions at several big copper mines said they would stay at work. Read more
Salazar Resources Ltd.: President’s Letter to Shareholders
VANCOUVER, BRITISH COLUMBIA– Salazar Resources Ltd. is pleased to provide an update from President and CEO Fredy Salazar.
As President and CEO of Salazar Resources Ltd., I am pleased to provide an update of the Company’s accomplishments to date and the progress made in Ecuador over the recent months.
After the first two years of being a Public Company, I am satisfied with the strong foundation that we have laid in Ecuador. We have delivered successful results quickly and have shown that our projects have the potential and merit to deliver world class mining assets. We have established our business model of making significant discoveries from prospective ‘greenfield’ areas; that we have the ability to identify these targets and efficiently develop these areas from reconnaissance prospects to significant discoveries. Ecuador is a country that lends itself well to our Company’s strengths because of the country’s abundant ‘greenfield’ opportunities and our detailed knowledge of local geology, numerous past discoveries and internal Company efficiencies to take full advantage of these qualities. Read more
Sampling Results in I-49 Area of the Lovitt Gold Mine; Grab Samples Return an Average of 7.9 gm/t Gold & 15.8 gm/t Silver
VANCOUVER, BRITISH COLUMBIA– Lovitt Resources Inc. is pleased to inform shareholders that an area known as the I-49 stope was discovered during a continuing examination of the Lovitt Gold Mine workings, owned by its wholly owned subsidiary the Lovitt Mining Company of Wenatchee, WA. Although significant exploration was conducted by major mining companies in the 1970’s and 80’s, it is very unlikely that this area was accessed, due to the high degree of difficulty in reaching this location. After entering a large ore chute area and from that location traversing a raise, then a narrow three foot high twenty foot tunnel off the raise, the area opens to a large room Read more
