Getting To The Ring Of Fire
Despite the industry slump, exploration in the McFaulds Lake area of northern Ontario continues apace as Noront Resources (NOT-V, NOSOF-O) and other explorers drill off deposits they hope will add up …
Nickel
Hawk Uranium terminates interest in joint venture with Noront
Disappointing exploration results in the “Ring of Fire” McFauld’s Lake area of northern Ontario have forced Hawk Ur…
Sherritt looks to past to forge brighter future
Sherritt International (S-T) wants to get back to where it started… or at least where it was eight years ago.
Chinalco Deal Rankles Rio Tinto Shareholders
The sixth trading week of 2009 saw a blockbuster deal struck between Rio Tinto and Aluminum Corp. of China (Chinalco), which has the Chinese state-owned major pumping a much larger than anticipated US…
Xstrata Chops Jobs, Output In Sudbury
Continued low nickel prices are forcing Xstrata (XSRAF-O, XTA-L) subsidiary Xstrata Nickel to accelerate the downsizing of its nickel mining and milling assets in Ontario’s Sudbury basin.
Xstrata throttles back Sudbury nickel output, chops 686 jobs
Continued low nickel prices are forcing Xstrata (XTA-L) subsidiary Xstrata Nickel to step up the shrinking of its n…
Cliffs Buys Into KWG On ‘Ring Of Fire’ Chrome Discovery
Coking coal and iron ore heavyweight Cliffs Natural Resources (CLF-N) is investing US$3.5 million in a private placement for a 19.9% stake in KWG Resources (KWG-V, KWGBF-O) to gain a foothold in what …
Vale Inco Reaches Agreement With Province On Voisey’s Bay
Vale Inco has reached an agreement with the province of Newfoundland and Labrador to amend the Voisey’s Bay development agreement regarding the proposed hydromet nickel-processing plant to be built at…
New Lanfranchi Resource For Brilliant, Panoramic
VANCOUVER — A new estimate has boosted the nickel resource at the Lanfranchi mine in Western Australia for joint-venture partners Panoramic Resources (PANRF-O, PAN-A) and Brilliant Mining (BMC-V).
BHP Moves To Stanch The Bleeding
VANCOUVER–The world’s biggest mining company has joined the lengthy list of majors to close operations and trim payrolls in the face of sagging metal prices. BHP Billiton( BHP-N, BLT-L, BHP-A) is sus…
Vale Inco Halts Concentrate Shipments From Voisey’s Bay
Vale (RIO-N) subsidiary Vale Inco has stopped shipping concentrate from its gigantic Voisey’s Bay nickel mine as part of an agreement with the province of Newfoundland and Labrador, pending the outcom…
Cliffs buys into KWG on ‘Ring of Fire’ chrome discovery
Coking coal and iron ore heavyweight Cliffs Natural Resources (CLF-N) is investing US$3.5 million in a private pl…