Editor’s Picks: End of an era with elimination of Barrick hedge
The old saw “better late than never” came to mind during the week ended May 5, the 18th trading week of 2007.
Nickel
Norilsk Outbids Xstrata for LionOre
Norilsk Nickel (NILSY-O, MNOD-L) has thrown a $5.3-billion offer on the table for Toronto’s LionOre Mining International (LIM-T, LMGGF-O), topping Xstrata’s (XTA-L, XSRAF-O) $4.6-billion friendly take…
Lundin Mining Q1 profit up 150%, misses expectations
Vancouver – Admitting earnings were lower than expected, Lundin Mining (LUN-T, LMC-X) still turned in a net profit …
Supplier’s News
Ursa Major goes for Day
Norilsk makes competing offer for LionOre
Norilsk Nickel (NILSY-O, MNOD-L) threw down a $5.3-billion-offer for Torontos LionOre Mining International (LIM-T,…
NAP outlining zones at Shebandowan
An 8,400-metre drilling program at the Shebandowan mine west of Thunder Bay, Ont., has defined three zones of miner…
Inspiration cuts nickel at Langmuir (April 30, 2007)
Recent drilling by Inspiration Mining (ISM-T, Irmgf-O) at its Langmuir Twp. nickel project, southeast of Timmins, Ont., has intersected more nickel mineralization.
Barrick backs off hostile bid for NovaGold
The trading week ended April 20 closed with the partial resolution of a long-standing conflict in the North American gold industry.
Ursa Major gets bulk sampling approval
Ursa Major Minerals (UMJ-V, UMJMF-O) has received provincial approval for a bulk-sampling program at its Shakespeare nickel-copper project west of Sudbury, Ont.
Benton gets PGM exploration boost (April 30, 2007)
Stillwater Mining (SWC-N) has agreed to pump $1.6 million into Benton Resources’ (BTC-V) Goodchild nickel-copper-platinum group metal project north of Marathon, Ont., giving Stillwater the option to e…
Nickel frenzy continues with Sherritt takeover of Dynatec
As nickel prices surge to new levels, Sherritt International (S-T, SHERF-O) has agreed to buy Dynatec (DY-T, DYTCF-O), 40% owner of the massive Ambatovy nickel project in Madagascar, for $1.6 billion.
Castillian cuts nickel at Mangabal
Early results from a drilling program by Castillian Resources (CT-V) on the Mangabal nickel project in western Goia…