Kensington tailings on hold
The U.S. Ninth Circuit Court of Appeals in San Francisco has issued a temporary injunction halting construction act…
Regulatory Issues
Phelps bid faces further scrutiny
Investment Canada has extended by 30 days its review of Phelps Dodge’s (PD-N) proposed acquisition of Inco (N-T, N-…
Ashton gives Stornoway the brush-off, looks to OSC
The board at Ashton Mining of Canada (ACA-T) has rejected the takeover bid for the company made by Stornoway Diamon…
Court backs Shahuindo arbitration
The Civil Court of Lima has issued an injunction ordering Minera Algamarca and Exploraciones Algamarca to return the Shahuindo silver-gold mining concession in Peru to Sulliden Resources (SUE-T, EXSDF…
Vietnam rising
It has been 20 years since Vietnam decided to loosen its totalitarian grip on the economy and open its arms to foreign investment. The policy change was dubbed “Doi Moi,” or “Renovation” in 1986, and…
Mega Uranium bets on change in Aussie ‘no new mines’ policy
Toronto-based Mega Uranium (MGA-V, MGAFF-O) is betting a 22-year ban on uranium mine development in Australia will eventually be revoked, paving the way for the junior company to develop its growing l…
Alcan to invest US$1.8B in Kitimat
A proposal by Alcan (AL-T, AL-N) to invest US$1.8 billion on a modernization program at its aluminum smelter in Kitimat, B.C., is getting a cool reception from community leaders who believe the compan…
Newmont’s Uzbek joint venture declared bankrupt
The Uzbek Navoi Economic Court has imposed “supervisory measures” and installed a temporary administrator as part o…
The Uzbek taxman cometh (August 14, 2006)
The government of Uzbekistan has seized some gold and banned further shipments of the yellow metal from Newmont Mining’s (NMC-T, NEM-N) 50%-owned Zarafshan heap-leach operation in the Kyzylkum desert,…
More Oxus licence woes
London-based developer Oxus Gold (OXUSF-O, OXS-L) says it is “reviewing its legal options” after the announcement from Kyrgyzstan that the state mining agency Kyrgyzaltyn had engaged a new joint-ventu…
Further delays for Platinex in native land dispute
After a 5-month delay of its exploration drilling program at Big Trout Lake, in northern Ontario, junior explorer Platinex (PTX-V) is facing at least another five months of paralysis, owing to an Onta…
Editorial: Aussie PM warming to nuke power (August 09, 2006)
There’s nothing quite like the whiff of big money to make people abandon their longest-held principles.This tim…