Xstrata opposes Formation Capital cobalt project on environmental grounds
Vancouver – Rarely do mining companies make headlines for objecting to a competitor’s mine development based on its…
Glencore plc
Tanzanian Royalty and Songshan Mining sign option agreement
In a deal that brings together two of his interests — Africa and the emerging economies of Asia, and in particular…
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…
Minera Andes outlines US$2.7B copper project in Argentina
Vancouver – The price-tag to develop Minera Andes’ (MAI-T) Los Azules copper project is US$2.7 billion, the company…
New CEO Not Looking To Transform Barrick
Despite his relative youth, Barrick Gold’s (ABX-T, ABX-N)new president and CEO, Aaron Regent, has taken some of Canada’s largest companies through difficult times.
Barrick appoints Aaron Regent as CEO
Barrick Gold (ABX-T, ABX-N) founder and chairman, Peter Munk, has appointed former Falconbridge CEO, Aaron Regent, …
Seabridge Puts KSM’s Mine Life At 30 Yrs
Vancouver — A preliminary economic assessment has put a US$3.4- billion price tag on the Kerr-Sulphurets- Mitchell (KSM) gold project in northwest British Columbia, but the investment would buy a 30-…
Editorial: Nickel Cuts Hit Home
The steep fall in nickel prices since July finally translated into production cuts by the majors in Canada’s nickel camps during the week ended Dec. 6, the 49th trading week of 2008.
Bad notes delay Norsemont payment
The frozen asset backed commercial paper market continues to effect miners as Norsemont Mining (NOM-T) announced it…
Belvedere suspends development at Hitura
Plunging nickel prices have forced Belvedere Resources (BEL-V, BLVDF-o) to suspend operations at its Hitura nickel mine, in Finland.