Statoil defends its turf on Alberta’s oilsands
Norway’s Statoil ASA (STO-N, STL-O) has long been considered one of the world’s leading offshore operators, but lately it has turned its attention to Canada’s oilsands.
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Teck advances its oilsands projects
Teck Resources (TCK.B-T, TCK-N) is looking to produce more than 30,000 barrels of bitumen per day by 2016 from its oilsands projects in Alberta.
Prophecy Platinum surges on drill results
Shares of Prophecy Platinum (NKL-V, PNIKD-O) shot up 10.2%, or 43¢, to $4.63 on drill results from its flagship Wellgreen deposit in the Yukon Territory, about 317 km northwest of Whitehorse.
Augen Gold directors capitulate after Trelawney raises offer
Ontario-focused gold explorer Trelawney Mining and Exploration (TRR-V) has raised its all-share bid for neighbour Augen Gold (GLD-V) to 0.0862 of a Trelawney share from 0.066 of a share.
Int’l Tower Hill updates Livengood PEA
International Tower Hill Mines (ITH-T, THM-X) has updated its preliminary economic assessment of the Livengood deposit, about 110 km north of Fairbanks, Alaska, where drilling continues to expand the deposit. The company plans to complete a…
Prophecy Coal looks to satisfy Mongolia’s power needs
With the Mongolian economy growing at one of the fastest rates in the world, and China eyeing its neighbour as a potential long-term power source, Vancouver-based Prophecy Coal (PCY-T) is optimistic about its prospects for a power-purchase…
Sunward puts out major resource for Titiribi project
Vancouver – Sunward Resources (SWD-V) has added considerably to the gold resources at its wholly-owned Titiribi project in northwestern Colombia.
NovaGold boosts costs for Donlin in Alaska
NovaGold (ng-t, ng-x) has updated the cash it needs to build its joint-venture Donlin gold project in Alaska from US$4.5 billion to US$7 billion.
Pacific North West looks to bolster Ontario’s PGM cred
Talk of platinum and palladium usually leads a mining investors’ mind to such far off places as South Africa and Zimbabwe.
Lundin completes feasibility study on Lombador I
A feasibility study looking at developing the upper portions of the Lombador ore bodies at Neves-Corvo in Portugal has shown that it would be a “profitable and value accretive extension” to the mine, Lundin Mining (LUN-T) reported yesterday….
Fronteer ex O’Dea raising $20M for Blue Gold Mining
Vancouver – Fresh from the $2.3-billion sale of his Nevada-focused explorer Fronteer Gold in February, Vancouver-based Mark O’Dea has announced plans to raise up to $20 million for a new company, Blue Gold Mining (BGX-V).
Santa Fe makes second bid for Columbus Silver
Vancouver – Almost a year after an all-share takeover was first proposed, Santa Fe Gold (SFEG-O) has struck a new deal for an all-cash takeover of Columbus Silver (CSC-V).