Hudson stock drops on recovery of larger diamonds
VANCOUVER–The latest diamond haul from bulk sampling at Hudson Resources’ (HUD-V, HUDRF-O) Garnet Lake kimberlite dyke, in western Greenland, hints at larger stones than previously recovered.
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Correction (March 10, 2008)
As part of Barrick Gold’s (ABX-T, ABX-N) US$1.7-billlion agreement to purchase Rio Tinto’s (RTP-N) 40% interest in the Cortez joint venture in Nevada, there is a further lump-sum payment of US$50 mill…
Report examines growth of China’s steel industry
A report on the Chinese steel industry, detailing the first three quarters of 2007, is now available from Dublin, Ireland-based research firm Research and Markets.
LME WAREHOUSE LEVELS (March 10, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 4, 2008 (change from Feb. 26 in brackets):
Western Uranium tables Kings Valley resource
VANCOUVER — An initial resource estimate for Western Uranium’s (WUC-V, WURNF-O)Kings Valley project in northwestern Nevada reviews roughly 4.8 million contained pounds U3O8 hosted in three zones.
Bear Creek to consolidate Corani interest
Vancouver – Bear Creek Mining (BCM-V, BCEKF-O) has reached a deal to purchase the remaining 30% interest in the Cor…
Committee Bay selling Aussie holdings
Vancouver – Committee Bay Resources (CBR-V, CBYRF-O) has inked a deal to sell its 50% interest in the Redemption jo…
Chinese group buying slice of N.A. Tungsten
Vancouver – A major mining company from the far east is taking a bite of the western world’s largest tungsten produ…
$35 million and new partner for Exeter’s Cerro Moro
Vancouver – Exeter Resource (XRC-V) is taking big steps forward. The junior just outlined a strategic agreement wit…
Earnings: Dundee Precious Metals, Gabriel, Sherritt, SNC-Lavalin
Earnings Summary from CNW Group. All figures in thousands except per-share figures,…
C2C Gold buys producing gold mine in Ecuador
C2C Gold (CCN-V) has bought a 50% interest in the Paraiso-Pambil mine on the Bella Rica property in Ecuador, which …
MagIndustries eyes $100M financing for potash mine
Vancouver – MagIndustries (MAA-V, MAAFF-O) has lined up a $100-million brokered financing for subsidiary MagMineral…