Lending Rates (May 21, 2007)
as of 9 a.m. ET, May 14, 2007(%)
News
Zaruma updates Luz del Cobre numbers (May 21, 2007)
Thanks to additional metallurgical testing and orebody modelling, Zaruma Resources (ZMR-T, ZMRAF-O) has posted a revised reserve figure for its Luz del Cobre copper project, in Sonora state, Mexico.
Xstrata tops Norilsk’s bid for LionOre
Russia’s Norilsk Nickel (NILSY-O, MNODL-L) has until May 25 to outbid Xstrata (XSRAF-O, XTA-L) a second time in its attempt to take over LionOre Mining International (LIM-T, LMGGF-O).
Tournigan sees resource jump at Kuriskova (May 21, 2007)
Vancouver — Tournigan Gold (TVC-V, TVCZF-O) got a major market boost after tabling a new resource that almost triples the previous contained uranium estimate on its Kuriskova uranium project in easte…
Together against the diamond royalty
COMMENTARY/ONTARIO MINING ASSOCIATION
Editorial: AA+AL=Alcoan?
With U.S. aluminum giant Alcoa launching a hostile takeover bid for Alcan, Canada’s largest mining company, on May 7, it wasn’t hard coming up with the top mining story of the week ended May 12, the 1…
People (May 21, 2007)
Acero-Martin Exploration — Patrick McAndless, Barry Smee and Malcolm Swallow appointed to advisory board.
Denison posts loss in first quarter (May 21, 2007)
Higher operating costs left Denison Mines (DML-T, DNN-X) with a loss in the first quarter of 2007, despite high uranium prices.
Re-leaching at Lluvia
Crushing and re-leaching material on old pads at the Lluvia de Oro gold deposit in Sonora state, Mexico, could start in mid-May, with a gold pour possible by October.
New discovery at San Anton
Although recent drilling at San Anton Resources’ (SNN-T, SNTRF-O) first regional target on its silver-gold property in Guanajuato state, Mexico, did not reach the Carmen vein system as planned, the co…
NAP outlines Shebandowan zones
An 8,400-metre drilling program at the Shebandowan mine, west of Thunder Bay, Ont., has defined three zones of mineralization west of the former nickel producer.
Lindsay to talk to Vancouver CIM (May 21, 2007)
Teck Cominco (TCK.B-T, TCK-N) president and CEO Donald Lindsay, one of the most recognizable faces in Canadian mining, will be the feature speaker at the next luncheon meeting of the Vancouver branch …