BHP Billiton

More kimberlites at Churchill

Drilling by Shear Minerals (SRM-V) and Northern Empire Minerals (NEM-V), designed to test at least 15 geophysical targets, has intersected kimberlite on five of six targets tested so far.The fourth an…


Workers unload fuel and supplies from a Hercules C-130 transport aircraft at the Igloolik Airport.

New diamond plays come into view in northern Canada

The diamond hunt is exploding with new kimberlite discoveries beyond the Slave Craton in Canada’s Far North. Recent discoveries are reported near Rankin Inlet and on the Melville Peninsula in eastern …


At the Churchill project in Nunavut, Sean Hawkes (left, in front), a first-aid attendant with 1984 Enterprises, stands beside Chris Raffle, a geologist with Texas-based APEX Geoscience, and Robert Woodhead, a pilot with Great Slave Helicopters.

New kimberlite camp emerges north of Rankin Inlet

A $3-million investment to acquire a 14% minority stake in the Churchill diamond project in Nunavut is already paying dividends for BHP Billiton (BHP-N). The major reports that two separate kimberlite…


Lumina banks on higher copper prices

Vancouver — A few years back, when the price of bullion was touching US$260 per oz., several junior explorers began acquiring gold projects in the belief that prices would soon improve. They did, and…


Luismin powers Wheaton to record Q1

Benefiting from higher gold prices, Wheaton River Minerals (WRM-T) saw its first-quarter earnings soar to US$4.1 million.The earnings totalled 2 per share, compared a year-earlier profit of just US$2…



Yandal deadline passes

Newmont Mining has had partial success sorting out the financial problems at its Yandal gold subsidiary in Australia.On March 27, Newmont brashly gave its hedging counterparties and its noteholders at…


A P&H 4100XPB shovel at work in the newly expanded Escondida copper mine in Chile.

Base metal fundamentals improving?

About of statistical metal releases has just arrived, and in this short report we offer an analysis of the latest data on copper, nickel, lead and zinc from their respective International Study Groups…


Partners find kimberlite near Rankin Inlet

Led by promising indicator mineral chemistry, Cumberland Resources (CBD-T) and Comaplex Minerals (CMF-T) have intersected a kimberlite-pipe-like body in the first drill hole of a program designed to t…


First Quantum, BHP ink Copperbelt JV

Preliminary results have prompted BHP Billiton (BHP-N) to sign a joint-venture agreement with First Quantum Minerals (FM-T) to continue exploring the Zambian Copperbelt.The deal, essentially an extens…


LionOre’s bottom line bolstered

Vancouver — A stellar performance by the Australian operations LionOre Mining International (LIM-T) catapulted the nickel and gold miner to a profitable first quarter.The company earned US$9.1 millio…


Base metal miners advance

Buoyed by renewed strength in base metals prices, particularly in the nickel market, most of the base metal majors made gains during the report period ended May 27.Pechiney eased up 4 to US$14.05 as …


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