Rio Tinto plc


Diamonds from Ashton Mining of Canada's largest project, a joint venture with Quebec-owned Soquem, the Foxtrot property in northern Quebec. At Foxtrot, Ashton has outlined the nine Renard kimberlite bodies with diamond grades estimated at 0.08 to 1.24 carats per tonne. Ashton is running a $29-million exploration program there this year.

Stornoway bids for Ashton, Contact

Stornoway Diamond (SWY-T) is offering to take over two other diamond explorers to create a $200-million company, and has lined up agreements with controlling shareholders that make the deal look likel…


Falconbridge sticks with Inco

Canada’s long-running takeover soap opera seems to be finally drawing to an end, and it looks like the Swiss-born interloper will succeed in spoiling the nuptials with shares in Falconbridge (FAL-T, F…



Ashton declines politely

The board of Ashton Mining of Canada (ACA-T) has come out swinging at bidder Stornoway Diamond (SWY-T), calling Sto…





Inco drops poison pill plan

With the writing on the wall, Inco (N-T, N-N) has agreed to drop its shareholders’ rights plan effective at the end…





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