News

Shares in Gabriel Resources (GBU-T) increased by as much as 54%, to $2, on Aug. 30, after the company announced a $24.8-million private-placement deal with Newmont Mining (NEM-N).

Vancouver — Reverse-circulation drilling by Simberi Gold (SAU-V) has intersected high gold grades from the surface of the Sorowar deposit in Papau New Guinea.

Vancouver — Great Basin Gold (GBG-T) has started a prefeasibility study of Area 1 of its Burnstone property in South Africa.

European Minerals (EPM.U-T) has completed infill drilling on the periphery of proposed open pits at its Varvarinskoye project, 130 km southwest of Kustanai in northern Kazakhstan.

Minera San Xavier, a unit of Metallica Resources (MR-T), has had its contruction and operating licences renewed for the Cerro San Pedro project in Mexico’s San Luis Potosi state.

Who’s going to take over Newcrest Mining? Is Consolidated Minerals going to absorb Portman?

Fortescue Metals Group is posing a challenge to the dominance of BHP Billiton (BHP-N) and Rio Tinto (RTP-N) in Western Australia’s iron ore sector.

BHP Billiton (BHP-N) and JFE Steel have entered into a joint-venture agreement that includes the proposed sale of 16 million tonnes of iron ore per year from BHP Billiton over the next 11 years.