UPDATE:Ups and downs of DRC mining
Miners with operations in the Democratic Republic of the Congo (DRC) continue to be at the mercy of a market that h…
2009
Caterpillar records first-quarter loss; high redundancy costs
Since late last year Caterpillar Inc. (CAT-N) has laid off 10,000 of its full-time employees and eliminated 15,000 …
Spring cleaning Polar Star’s boardroom
Leading a proxy battle is no easy task, says Polar Star Mining’s (PSR-V) president and CEO, Douglas Willock, who ju…
Baffinland reports positive iron feed test from steelmakers
Baffinland Iron Mines (BIM-T) reported test results of a fine iron ore trial batch from large German steelmaker Thy…
Canadian Gold Hunter and Suramina merging
Vancouver – Two Lundin Group companies, Canadian Gold Hunter (CGH-V) and Suramina Resources (SAX-V), are official…
Short Position Report (April 20, 2009)
TSX Short PositionsShort positions outstanding at Apr. 15/09 (w…
Vale Inco to halt Sudbury operations for eight weeks
Vale Inco, a subsidiary of Vale (RIO-N), is shutting down its nickel mining and processing facilities in Sudbury, O…
Bear Creek posts strong scoping study for Santa Ana in Peru
Bear Creek Mining’s (BCM-V) Santa Ana deposit in southern Peru will be a pure silver producer averaging 4.6 million…
Khan’s Dornod Returns Positive Feasibility
A definitive feasibility study on Khan Resources’ (KRI-T, KHRIF-O) Dornod uranium project in Mongolia estimates an after-tax internal rate of return (IRR) of 29.1%.
JP Morgan Bearish On Coal
It’s that time of the year again — when companies settle coal contracts.
Helio Raising $5.3M For Tanzanian Drilling
VANCOUVER — A cashing-up Helio Resource (HRC-V, HELOF-O) is tentatively planning a 20,000-metre drill program at its SMP gold project in the Lupa Goldfields of Tanzania, says the company’s CEO, Richa…
Uranium One Posts US$2.4B Loss
Uranium One (UUU-T, SXRZF-O) reported a net loss of US$258.8 million for the fourth quarter of 2008, bringing its total loss for the year to US$2.4 billion, or US$5.24 per share.