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Alcoa – Michael Pepper appointed president of Alcoa Power and Propulsion business unit.
News
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.
Suppliers news
Major Drilling buys Bradley Group
Royal Nickel considers downstream options for Dumont
Preliminary test work on a 1-kg sample of concentrate from Royal Nickel’s (RNX-T) Dumont nickel project in Quebec demonstrates that there is potential to use alternate and significantly cheaper processing options to produce a high-grade…
PMI Gold spikes as Obotan resource tops 4.5M oz.
Ghana-focused PMI Gold (PMV-V, PVM-A) has managed a 270% increase in gold resource at its Obotan project in a new resource estimate.
Carpathian hit with construction stoppage in Brazil
Carpathian Gold (CPN-T) has been forced to halt construction at its Riacho dos Machados gold project on environmental grounds barely a month after the Brazilian government approved the project.
Malaga makes headway in Peru
Before Montreal-based Malaga (MLG-T) took over the Pasto Bueno mine in 2005, private owners in Peru had turned out nearly 6 million tonnes of tungsten ore – or 42,000 tonnes of tungsten concentrate – from just five veins they had…
Patagonia Gold digs into southern Argentina
Goldcorp’s (G-T, GG-N) $3.6-billion acquisition last year of Andean Resources and its Cerro Negro deposit in Argentina’s Santa Cruz province may have showcased it as an up-and-coming gold-producing region, but Patagonia Gold (PGD-L) had been…
Candente Copper a likely takeover target?
Candente Copper’s (DNT-T) sizeable Canariaco Norte copper-gold deposit in northern Peru has been receiving a lot of buzz lately, with a few analysts tipping the project as a likely takeover target.