Category Archives: Mining

The Silver Lining Is Shining On Alexco

On January 1, 2011, Alexco Resource Corporation opened mining operations in its Bellenkeno mine in Canada. What’s special about this mine is that it contains not only silver, but also lead and zinc. With the rise of silver and gold prices, non-precious metal prices have also risen. It is estimated that the profits from mining and selling the lead and zinc will cover all of the extraction costs of the silver. Therefore, the revenues from selling the silver are 100% profits. In the first six months of 2011, the Bellenkeno mine produced $15.8 Canadian from mining 7956 tons of zinc, lead and silver concentrate.

Alexco stock has been rising steadily since 2009 and will probably continue upwards as a result of the Bellenkeno mining operations.

To give you an example of some of the staff, Bradley A Thrall is the COO and has 20 years of experience in operations management. He also has a BSc in metallurgical engineering and  has earned an MBA.

Mr. Alan McOnie has 30 years of experience as a professional geologist. He has both a BSc and an MSc in geology and has held many management positions throughout his career.

Thomas Fudge is a Senior VP of engineering and has worked in the field for over 30 years. He has a BSc in mining engineering and has concentrated in silver, gold, zinc and lead for the last 20 years. There are other professional managers at Alexco and they have been succeeding.

Cliffs Natural Resources Inc. Looking To Sell Cockatoo Island Operations

Cliff Natural Resources, (CLF) is negotiating an agreement with Pluton Resources Limited to sell its share of the Cockatoo Island mining project. It has a 50% share of the cockatoo mining project together with HWE Cockatoo and Cockatoo Mining. The potential transaction is due to take place at the end of 2012. Pluton wants the operation to help its Irvine Island assets in the Kimberly Iron Ore Hub located in northern Western Australia.

About Cliff Natural Resources

Cliff specializes in mining iron ore, coal mines and coking. It serves large growing steel markets and therefore has a steady customer base. It has mining operations in Michigan, Minnesota, Western Australia, Queensland Australia, Brazil and Ontario Canada. The firm is managed by Joseph Carrabba, the CEO, Laurie Brlas, the CFO and P. Kelly Tompkins, the CLO. In my opinion, Cliff is a solid company that has good growth and profit prospects.

About Pluton Resources Limited

Pluton’s main operations are located in Australia. It mines for gold, silver, iron, and copper ores. By purchasing the cockatoo Island Project, Pluton is expanding its operations and adding synergy to them. The board of directors of Pluton includes: Malcolm Macpherson, Anthony James Schoer, and Russell Williams. It is managed on a daily basis by: Pamela Kaye, Ric Davies, Ben Carpenter, and John McDougall.