www.velocityminerals.com
Velocity Minerals is dedicated to the acquisition and development of advanced or high grade molybdenum mineral properties. Velocity presently owns the mineral rights to two molybdenum projects in northern British Columbia (Mt. Haskin and Cassiar Moly) and is actively pursuing other properties in North America and internationally.
Recent Sector News
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Ruukki Group’s production and revenue hold up well during tough Q3
Analysts who follow the company advised holding the shares amid a weak global market for chrome and for steel prices in general
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Chromex Backs £37 Million Bid From Ruukki and Kermas
Chromex announced it has agreed to be bought by Finnish mid-tier natural resources firm Ruukki and private investment company Kermas. The bid is at 36.5p a share, which values the AIM-listed chromite miner at £37 million.
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Chromex takes Stellite ore processing in-house
In a strategic decision, the group is taking full control of ther opencast chrome mine processing plant, and has appointed two hight-quality managers for the job.
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Chromex Mining’s Encouraging Start of the Year after a Challenging 2009
It’s been an eventful twelve months with the company focusing on the construction of the Stellite dense media separation plant which is expected to double the current plant capacity.
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Chromex Mining’s Stellite Farm produces encouraging PGE testwork
A study is now underway to determine the economics of adding a platinum group elements floatation plant to treat the tailings produced from the project’s gravity concentration unit.
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Chromex to restart mining operations at Stellite Mine in December, shares jump
Chromex Mining reported today that it was continuing to generate positive cash flow and announced the acquisition of additional chrome assets in Zimbabwe.
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Chromex Mining is a rare animal – a pure chrome play in South Africa’s Bushveld
Chromex is well positioned in one of the most important chrome-producing regions in the world. Demand for chrome – for which there is as yet no commercially viable substitute - is largely driven by producers of ferrochrome -
David Matousek of Playfair Mining Talks to Proactiveinvestors
David Matousek,Vice President Corporate Development Playfair Mining, talks about a metal whose price is 100% of what it was a year ago, increasing the tonnage at a near term project in Newfoundland, talks about an off take agreement, and increasing the tonnage at a large exploration project in the Yukon. -
Chromex Mining begins production at Stellite
It’s been an eventful twelve months that has seen a mixture of good and bad news, but its share price has doubled and not many junior miners can match that feat. -
Thor Mining – a new partner and results from Hatches Creek
In many ways, Western Desert’s investment in Thor is a big “thumbs up” for the potential of Molyhil to be a commercial mine.
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Tungsten - Getting Cornered in China
China currently accounts for approximately 85% of the world?s primary tungsten, so what prompted China to change from liberal exporter to thrifty accumulator in a relatively short space of time? -
Thor Mining is Hammering out a tungsten/molybdenum mine
Thor?s share price has been caught in the recent crossfire. But it offers near-term, highly profitable production in two booming specialty metals, uranium exploration upside and minimal political risk. -
Chromex Mining gets the green light at Mecklenburg.
?3 of the 15 million tonnes of ore are amenable to open pit mining and will be fast tracked for development first, offering the potential for Chromex to move from having no production, to two producing mines in the next 12 months. -
Thor Mining takes another big step forward for Molyhil
Today?s robust prices for tungsten and molybdenum, combined with the low capital expenditure (A$44.5 million) required to build the Molyhil open pit operation creates the possibility of an exceptionally internal rate of return allowing payback in less than one year. -
Chromex Mining is Marching towards production.
Intoducing Chromex Mining. -
Thor Mining diversifies into uranium,
The uranium land package spans 2100sqkm of the Northern Territory, and will doubtless keep Thor busy with exploration. Australia contains 40% of the world?s known uranium reserves and is also the second largest producer of uranium behind Canada.
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