Victory pushes Minago closer to development
After spending four years proving up one of Canada’s largest undeveloped sulphide nickel deposits, Victory Nickel (NI-T) has received a licence to start building a mine at its Minago project in Manitoba.
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Silver Standard working to develop multiple projects
Vancouver – With one of the largest silver resources around Silver Standard (SSO-T, SSRI-Q) has positioned itself well to benefit from rising silver prices, but it still faces the challenge of getting those resources out of the ground.
Potash One dealmaker Matysek turns his hand to B.C. gold
Fresh from the $434-million sale of his Saskatchewan potash explorer Potash One to German fertilizer giant K+S Aktiengesellschaft, Vancouver’s Paul Matysek is now turning his attention to a small gold explorer named Ocean Park Ventures (OCP-V),…
Initial resource for Probe Mines’ Borden Lake
Probe Mines (PRB-V) jumped 26¢ or 17.3% to $1.76 per share on news its Borden Lake gold project near Chapleau, Ontario contains about four million ounces of gold and nearly six million ounces of silver.
Prophecy Platinum gains on drill results
Shares of Prophecy Platinum (NKL-V, PNIKF-O) shot up 10.24% or 43¢ to $4.63 on drill results from its flagship Wellgreen deposit in the Yukon Territory, about 317 km northwest of Whitehorse.
Lower Q2 production at Eastplats’ Crocodile
Eastern Platinum (ELR-T) saw second-quarter production from its main Crocodile River platinum group metals (PGM) mine in South Africa’s Bushveld Complex shrink by one third, due to labour issues that led to a strike at the mine in early…
Photo contest winners announced
The winners of the 7th annual photo competition put on by Australia-headquartered mining consultancy Snowden have been announced.
People
American Vanadium – Ron Macdonald appointed a director.
Barrick stung by higher costs
Higher costs are pushing capital expenditure estimates higher for Barrick Gold’s (ABX-T, ABX-N) major growth projects at Pueblo Viejo, Pascua-Lama and Cerro Casale, the company reports.
Great Western to build REE plant with Chinese partner
Great Western Minerals (GWG-V) plans to set up a joint venture with a Chinese company to build a rare earth (RE) separation plant in South Africa.
Woulfe advances Sangdong
With tungsten prices on the rise, Vancouver-based Woulfe Mining (WOF-V) is scrambling to restart the past-producing Sangdong tungsten-molybdenum mine in South Korea by late 2012.
Xstrata snaps up First Coal
Global coal giant Xstrata (XTA-L) has recently sealed a $147-million cash offer for privately-held First Coal and its northeastern B.C. coking coal assets.