INTERNATIONAL QUOTES (June 09, 2008)
Australia (A$) June 3 May 27 Change Bendigo Mining 0.30 0.31 -0.01 Centamin Egypt 1.38 1.42 -0.04 Croesus Mining 0.04 0.33 -0.29 Kingsgate Cons. 5.50 5.62 -0.12 Lion …
News
B2Gold off to a good start at Quebradona
B2Gold’s (BTO-V, BGLPF-O) first set of drill results from its Quebradona joint-venture property in Colombia has confirmed grades from surface sampling and trenching with some near-surface intersection…
Tenajon focuses in on molybdenum (June 09, 2008)
VANCOUVER–With a 13-hole drill program, Tenajon Resources (TJS-V, TJRUF-O) has boosted indicated molybdenum resources at its Ajax deposit in northern B. C. by 74%.
South American Silver tallies first resource
Although South American Silver (SAC-T, SOHAF-O) is pleased with an initial 50.2-million-oz. resource estimate for its Malku Kohto silverindium property in Bolivia, the company is already thinking ahea…
Progress for Marengo’s PNG copper-moly project
Marengo Mining (MRN-T, MGO-A) is considering the financial merit behind a 50-million-tonne-per-year copper-molybdenum open-pit mine in Papua New Guinea.
Terrane lands $40M loan for Mt. Milligan
Majority shareholder Goldcorp (G-T, GG-N) has agreed to guarantee a loan to Terrane Metals (TRX-V, TRXOF-O) for up to $40 million for capital equipment procurement at its 100%-owned Mt. Milligan coppe…
PEOPLE (June 09, 2008)
Aurora Energy Resources– Paul McNeill appointed VP of exploration.
Frontier rejects hostile bid by Eldorado
VANCOUVER–The board of Frontier Pacific Mining (FRP-V) is recommending that shareholders reject an unsolicited takeover bid from Eldorado Gold (ELD-T, EGO-A) valued at about $148 million, or $157 mil…
Fertilizer prices lure Great Western Minerals
Hoping to cash in on spiking fertilizer prices, Great Western Minerals Group (GWG-V, GWMGF-O) is evaluating whether to develop phosphate as a byproduct at its Hoidas Lake rare earth elements property …
Diagem thwarted in Brazilian Amazon (June 09, 2008)
Diagem (DGE-V, DGEMF-O) has stopped activities at its Chapadao diamond project in Brazil.
Mining industry tackling skills shortage
The story is the same across the entire mining industry in Canada: a serious labour shortage. While Canada’s mining industry is growing, creating strong demand for workers, at the same time supply is …
Kupol comes online
The week ended May 31, the 22nd trading week of 2008, was highlighted by a feat many said was too difficult to pull off.