Boom times around the corner for diamond producers?
Nearly 20 years ago, when Dia Met and BHP Billiton announced the discovery that would become the Ekati diamond mine, there were more than a few skeptics who doubted that…
News
Fronteer spin-off Pilot Gold busy with the drill
Vancouver – Just six months into its new corporate life, Vancouver-based gold explorer Pilot Gold (PLG-T) has already drilled 60,000 metres at nine projects on two continents.
Dia Bras settles strike action in Peru
Vancouver – The road to Dia Bras Exploration’s (DIB-V) Yauricocha mine in Peru’s Yauyos Province is now open after a blockade was cleared.
[Update] The Red Back team returns
The former Red Back Mining team led by Richard Clark is back to advance Atacama Minerals (aam-v) using the same strategy they used to build the West African gold producer before selling it to Kinross Gold (k-t, kgc-n) for US$7.1…
Meadow Bay bringing back Atlanta gold mine in Nevada
The low gold prices of the mid-1980s forced the Atlanta gold mine in southeasten Nevada to close down. But remnants of the old mine still remain.
Minera IRL finds its heart’s desire in Patagonia
For many people, the word “Patagonia” conjures up images of snow-capped mountains and pristine valleys filled with frolicking seals and blissed-out ecotourists.
U-Sea Colonsay sets sail
The second of nine new vessels to be operated by Canpotex through a joint venture with Copenhagen-based U-Sea Bulk has been delivered, and is expected to arrive at the Neptune Terminals facility in Vancouver’s North Shore on Nov. 7 to load…
People
Alcoa – Michael Pepper appointed president of Alcoa Power and Propulsion business unit.
Xstrata Coal buys Cline’s Lossan deposit
Xstrata’s (XTA-L) subsidiary Xstrata Coal has struck a deal to buy Cline Mining’s (CMK-T) wholly owned Lossan coal deposit in B.C.’s Peace River coalfield for $40 million in cash.
Agnico closes, writes off Goldex
In a significant blow to its bottom line, Agnico-Eagle Mines (AEM-T, AEM-N) has been forced to indefinitely shut down and write off its Goldex underground gold mine in Val-d’Or, Que., because of the mine’s physical instability.
Rio Tinto outbids Cameco for Hathor
Rio Tinto (RIO-N, RIO-L, RIO-A) has swooped in with an all-cash, $578-million bid for uranium explorer Hathor Exploration (HAT-T) and its world-class Roughrider uranium project in Saskatchewan’s Athabasca Basin.
Hard Creek cuts capex by $1.6B at Turnagain
Metallurgical advancements have led Hard Creek Nickel (HNC-T) to release a new preliminary economic assessment (PEA) for its flagship Turnagain low-grade nickel project in northwestern B.C.