Ashton rejects Stornoway offer
The board at Ashton Mining of Canada (ACA-T, AMCFF-O) has rejected the takeover bid for the company made by Stornoway Diamond (SWY-T, SWYDF-O), and is talking to other possible bidders to get a better…
2006
Strong retail demand offsets challenging rough diamond market
Despite difficult trading conditions in the rough diamond market during the first half of 2006, demand for diamond jewelry at the retail consumer level has remained vibrant, with an estimated growth o…
Potash Corp grows Q2 earnings
Vancouver — Potash Corp. of Saskatchewan (POT-T, POT-N) delivered record second-quarter earnings of US$175.1 million (US$1.65 per diluted share) on continued strong sales of nitrogen and phosphate, i…
Aquila intersects sulphides in Michigan
Through most of the current field season Aquila Resources (AQA-V, AQARF-O) has been drilling massive sulphide intersections at the Back Forty project in Menominee Cty., Mich….
McVicar goes shopping
Armed with around $2.8 million from a recent private placement, McVicar Resources (MCV-V, MCVRF-O) has picked up a group of Chinese gold and molybdenum properties….
China hires 70,000 safety inspectors for coal mines
The state-owned People’s Daily Online is reporting that some 70,000 miners have been recruited by Chinese coal mines to work as mining safety supervisors, a move by the All-China Federation of Trade U…
MAC warns mines ministers of looming problems
The Mining Association of Canada (MAC) delivered a strong message to federal, provincial and territorial governments recently at the 63rd annual Mines Ministers Conference in Whitehorse, Yukon, warnin…
Red Dragon taps more Weixi zinc
Vancouver — Sampling by Red Dragon Resources (DRA-V, RDDRF-O) on its Weixi lead-zinc project in Yunnan province, China continues to return high-grade zinc values….
Suppliers News (September 04, 2006)
Rocmec advancing Russian Kid…
Reserve upgrade adds a year to Alumbrera mine
Vancouver — Reserve upgrades at the Alumbrera copper-gold mine in northwestern Argentina have added one year to the life of the major open-pit operation, owned by Goldcorp (G-T, GG-N), Northern Orion…
Goldcorp posts stellar Q2
Vancouver — After digesting the producing Canadian assets of Placer Dome, Goldcorp (G-T, GG-N) has turned in a stellar second quarter with net earnings of US$190.4 million (US50 per share), almost d…
Diba drilling cuts more gold (September 04, 2006)
Further drilling at the Diba property in Mali by Etruscan Resources (EET-T, ETRUF-O) has indicated more gold mineralization….