TORONTO, March 6 (Reuters) – Most of the world’s top miners
are shying away from takeovers this year, clearing the way for
mid-tier producers like HudBay Minerals Inc to make
competitive bids for assets coming up for sale, the company’s
CEO told Reuters at a Toronto mining convention.
After being burned by costly deals made during the boom,
most major metals companies have pledged to rein in costs – with
some even looking to divest non-core assets.
Being a reporter always seems glamorous until you hit a deadline #PDAC2013
TORONTO, March 4 (Reuters) – A growing sense of caution
gripping the mining industry is having a big impact on
exploration service providers such as Major Drilling Group
International Inc, which posted a quarterly loss on
Monday and offered little hope of an early turnaround.
The mining sector’s new emphasis on austerity in the face of
stagnant metal prices has led to a sharp pullback in exploration
spending. Juniors and more established miners alike have delayed
or canceled exploration programs, clouding the outlook for Major
and its rivals for years.
Busy day of interviews, now struggling to focus on an update #PDAC2013 #minebraindrain
TORONTO, March 3 (Reuters) – Zenyatta Ventures Ltd,
the top performing mining issuer on TSX Venture Exchange in
2012, is banking on a rare type of natural graphite that it says
can compete on a quality level with synthetic graphite, while
costing much cheaper to produce.
The Thunder Bay, Ontario-based company is in the very early
stages of developing its Albany project in northern Ontario, a
vein-type graphite deposit. Vein graphite, also known as lump
graphite, is currently only produced in Sri Lanka.