Rio Tinto plc

Fording courts suitors to thwart Sherritt takeover

The Toronto Stock Exchange Composite Index slipped 70.37 points to end the Nov. 6-12 report period at 6,329.27.The TSE’s gold index was up 5.39 points, partly on the back of a US$5.70-gain in the pric…


GQ yields more diamonds

Six of seven heterolithic breccia outcrops on Band-Ore Resources’ (BAN-T) GQ property, near Wawa, Ont., have returned diamonds.The best results came from the Rainbow zone, where a 54-kg sample from a …


St. Elias starts drilling

Vancouver — Junior St. Elias Mines (SLI-V) has launched a 1,500-metre drill program on the Gralheira-Jales gold property in northern Portugal.Situated in the Tras-O-Montes region, the project covers …


Precious metals miners shine

While gold prices ended the report period virtually unchanged at around US$317 per oz., gold bugs drew encouragement that most of the gold miners showed uncharacteristic strength and added to the prev…


Draining of the A154 pool at the Diavik diamond mine, north of Yellowknife, began in late July. Water was pumped directly over the dyke into Lac de Gras until the water became too muddy. Since then, all pool water has been pumped to on-land containment facilities and treated at a plant owned by Diavik.

Canada’s second diamond mine prepares for startup

With prestripping well under way following dewatering of the A-154 open pit, construction and commissioning of the Diavik diamond project in Canada’s barren north is on budget and ahead of schedule.Th…


Asarco ponders Mission closure

Vancouver — Asarco, the U.S. subsidiary of Grupo Mexico, is considering closing its Mission copper mine is southern Arizona.The announcement, prompted by high production costs and low copper prices, …


Iamgold, Repadre agree to combine

Two of the smaller but richer companies in the gold business, Iamgold (IMG-T) and Repadre Capital (RPD-T), have announced plans to merge in an all-share transaction that would see Repadre shares trade…


OM in freefall

After dropping from US$40 to US$30 in the previous week, the shares of cobalt refiner OM Group collapsed further during the report period, falling 71% on Oct. 29 to US$8.95 and closing at US$7.49 on t…


OM whacked by UN report

Shares in Cleveland-based cobalt refiner OM Group crashed to a three-and-a-half-year low during the report period following its mention in a UN Security Council report on illegal mining activity in th…



Summer work in NWT yields new crop of kimberlites

More than a decade after diamonds were first found in Canada’s Far North, new discoveries of kimberlite continue to be reported in the Northwest Territories and Nunavut.An autumn drilling program on t…



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