Consolidated Bid Gets Complicated
A third bidder has emerged for Australian alloy-metals producer Consolidated Minerals (CSMBF-O, CNM-L, CSM-A), jumping a bid increase by friendly bidding group Pallinghurst Investor.
News
Cameco Takes $120M Loss on New Kumtor Agreement
The Kyrgyz government plans to nearly double its stake in Centerra Gold (CG-T, CAGDF-O), the operator of the Kumtor gold mine, to 29.3% after months of negotiations with the company and its 53%-owner …
QGX Likes Baruun Naran Economics
Vancouver — QGX (QGX-T, QGXLF-O) has commissioned a prefeasibility study on its Baruun Naran coal deposit, in the Gobi region of southern Mongolia, following a major resource boost and a positive pre…
GobiMin Sees Record Earnings In Q2
China-focused junior producer GobiMin (GMN-V, GMNFF-O) saw a good second quarter this year, with record revenue at its Yellow Mountain East and Xiangshan base metals mines, and the release of a resour…
Candente Extends Depth of Canariaco
Vancouver — Candente Resource’s (DNT-T, CDOUF-O) drill effort on its Canariaco Norte copper project, in northwestern Peru, has turned in some long mineralized intercepts and points towards the deposi…
New Minco Drilling Suggests Resource Boost
Drilling completed in late June at the Fuwan silver deposit in Guangdong province, southeastern China, suggests a forthcoming estimate may increase the size of the resource.
Brabant Lake Looks Strong for Manicouagan
Vancouver — The second phase of drilling at Manicouagan Minerals’ (MAM-V, MCOUF-O) Brabant Lake property, in Saskatchewan, is returning strong grades from an old deposit.
People (September 10, 2007)
Exploration Drilling International — Christian Runge appointed managing director, chief marketing officer.
New Horizons: CVRD Inco Helping to Rehabilitate Mines in Ontario
CVRD Inco’s Ontario operation is contributing $50,000 annually for the next three years to the Ontario Mining Association/Ministry of Northern Development and Mines (MNDM) Mines Rehabilitation Partner…
Letter to the Editor: When it comes to Bre-X, it’s ‘No excuse, sir’
James Whyte’s commentary on the Felderhof case (T.N.M. Aug. 13-19/07) is one of the most interesting, thought-provoking pieces on the mining industry I have read. Indeed, I have read it several times.
Consolidated Thompson Left in the Cold on Lost Wabush Deal
Dofasco, a subsidiary of steelmaker Arcelor Mittal, has exercised its option to buy the majority interest in the Wabush Mines iron ore joint venture in Quebec and Labrador, ending an attempt by Consol…
CIC Energy Lands Sumitomo as Mmamabula Partner
Vancouver — CIC Energy (ELC-T, CIEGF-O) and International Power (IPRPY-O, IPR-L) have inked a deal to bring Japanese multinational Sumitomo (ssumy-o) on as a third partner at its Mmamabula energy pro…