BHP blows US$800M on failed bids
A couple of loose ends were tied in the mining world during the second week of November.
News
EXCHANGE RATES (November 22, 2010)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Nov 15 Nov 12 Nov 11 Nov 10 Nov 9 US$ in C$ 1.0065 1.0080 Holiday 1.0017 1.0013 C$ in US$ 0.9935 0.9921 Holiday 0.9983 0.998…
What the US elections mean for miners
The U.S. mid-term elections for the most part followed prognosticators’ predictions: Republicans swept their way to power in the House of Representatives and Democrats maintained a slim majority in th…
ArcelorMittal offers $433M for Baffinland
VANCOUVER — ArcelorMittal (MT-N) has bested an unsolicited private equity bid for Baffinland Iron Mines (BIM-T) by 38% and has secured the support of Baffinland’s board of directors.
CANADIAN GOLD MUTUAL FUNDS (November 22, 2010)
*as of Sept. 30/10
Champion posts PEA for Fire Lake North iron
VANCOUVER — Champion Minerals (CHM-T) has released a positive preliminary economic assessment (PEA) on its Fire Lake North iron project in northeastern Quebec.
Ventana produces La Bodega resource, scoping study
VANCOUVER — Two and a half years ago Ventana Gold’s (VEN-T) first hole into the La Bodega gold project in Colombia returned 107 metres grading 7.81 grams gold per tonne. Now, 266 drill holes later, L…
Mountain Province securing $23M
On the back of a positive feasibility study for the Gahcho Ku diamond project in Canada’s Northwest Territories, Mountain Province Diamonds (MPV-T, MDM-X) is looking to raise $23 million.
Western Coal gets merger offer from Walter Energy
Vancouver – A potential merger between Vancouver-based Western Coal (WTN-T) and Walter Energy (WLT-N), a Florida-based coal producer, lifted Western Coal’s share price to new highs even though the deal is far from certain.
Denison announces $65.4-million private placement
Denison Mines (dml-t, dnn-x) is arranging a $65.4-million financing of prepaid warrants to fund development of the company’s uranium properties and to add to working capital.
Troy Resources turns out first gold and silver dore at Casposo
Troy Resources(TRY-T, TRY-A) has built a plant and poured its first gold in sixteen months at its Casposo mine in Argentina’s San Juan province.
Canadian Mining Hall of Fame welcomes three new members
The Canadian Mining Hall of Fame is inducting three new members: versatile mining executive Mike Muzylowski, metallurgical innovator Bert Wasmund, and diamond explorer and miner John T. Williamson.