Forsys Takeover Deal May Be On The Ropes
It’s been a wild ride for Forsys Metals (FSY-T, FOSYF-O) shareholders since George Forrest International Afrique (GFI) said it would need more time to pay up for the company and its Valencia uranium d…
News
Rio Tinto-Chinalco Mega-Deal Clears Its First Hurdle
Australia’s competition regulators aren’t objecting to a US$19.5 billion investment in Rio Tinto (RTP-N, RIO-L) from state-owned Aluminum Corp. of China (ACH-N), or Chinalco.
Axmin Sees Potential Gold Mine In Sierra Leone
VANCOUVER — A scoping study on Axmin’s (AXM-V, AXMIF-O) Komahun joint-venture gold project in Sierra Leone, about 250 km east of Freetown, has indicated it would be economic to develop.
Tetra Tech Acquires Wardrop
Pasadena, Calif.-based consultants Tetra Tech (TTEK-Q) have acquired Canadian consultancy firm Wardrop Engineering.
Nordex To Build New Explosives Plant Near Kirkland Lake
What better place for a new emulsion plant than in Kirkland Lake, Ont., one of the world’s largest mining regions?
People (April 13, 2009)
Archangel Diamond — Tony Guthrie has resigned as a director; Robin Smart appointed a director.
Noranda Income Fund Cuts Jobs, Production
A drop in zinc and sulphuric acid demand has forced the Noranda Income Fund (NIF. UN-T) to cut 45 jobs at its zinc plant in Salaberryde- Valleyfield, Que.
Great Basin Raises $130M For Burnside Gold Project
Great Basin Gold (GBG-T, GBG-X) is determined to get its Burnside gold project in South Africa up and running by July 2010 and has completed an equity financing to do it.
Quebec Promises Northern Highway Improvements
Mining and exploration companies are elated that the Quebec government has set aside about $698 million for road infrastructure projects in the province’s north.
LME Warehouse Levels (April 13, 2009)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Apr. 7, 2009 (change from Mar. 31 in brackets):
Endeavour Silver Boosts Revenues, Production
Endeavour Silver (EDR-T, EXK-X) seemed to defy gravity last year with revenues up 22% to US$39.3 million, production up 10% to 2.3 million oz. silver, and cash costs that fell 4% to US$9.03 per oz. si…
Spot Prices (April 13, 2009)
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