Commerce pulls long REE intercept from Ashram
Vancouver – Commerce Resources (CCE-V) has pulled the longest intercept to date at its Eldor rare earth project in northeastern Quebec.
2011
Intrepid’s Tujuh Bukit unaffected by recent fire
Intrepid Mines (iau-t, iau-a) says a group of illegal miners recently set a small fly camp and drill rig on fire at a target on its prized Tujuh Bukit sulphide gold-copper project in East Java, Indonesia.
TMX, LSE kill merger
Just a day before a key vote by TMX Group (X-T) shareholders on a controversial takeover proposal by the London Stock Exchange Group (LSE-L), both companies abruptly ended the $3.6-billion deal, saying that there weren’t enough votes to clear…
Mukuba Resources options land next to Tenke-Fungurume
At just 19.5¢ a share and with about 57.4 million shares outstanding, Mukuba Resources (MKU-V) may have slipped under the radar screen of many investors. But a recent option and joint-venture agreement on a tenement adjacent to the…
First Quantum contemplates Zambian smelter
With concerns mounting about Zambia’s smelting capacity, First Quantum Minerals (FM-T, FQM-L) is evaluating whether the time has come to build and operate a copper smelter. A decision will be made before the end of the year.
Bear Creek hit, fights back in Peru
Vancouver – Already hit by a retreat in the silver price, a leftist presidential victory and rumblings of local discontent, Bear Creek Mining (BCM-V) was broadsided on the weekend by the Peruvian government’s decision to revoke the license for…
Silver Quest to raise $12M for Yukon, BC exploration
With exploration programs ongoing at three properties near New Gold’s (NGD-T) multimillion-ounce Blackwater gold project in north-central British Columbia and at 17 properties near Kinross Gold’s (K-T, KGC-N) White Gold deposit in the Yukon,…
Iamgold completes sale of Tarkwa and Damang stake
Flush with US$667 million in cash from the sale of its 18.9% stake in the Tarkwa and Damang projects in Ghana to Gold Fields (GFI-N), Iamgold (IMG-T, IAG-N) could be on the lookout for other acquisitions in West Africa, Canaccord Wealth…
Venture manages slight gains in June 20-24 period
Vancouver – The S&P TSX Venture Exchange Index managed a slight gain in the June 20 to 24 period, climbing 7.39 points to 1,905.33 after two days of gains outweighed three days of losses. Volume was in line with recent weeks at a somewhat…
Letter to the editor: China Coal and Mei Feng
In the article “China Coal aims to become a mid-tier producer,” (T.N.M., May 30 – June 5/11), statements were made in respect of China Coal and its intended acquisition of the operating interest in the Mei Feng coal mine.
U.S. stocks retreat further, June 20-24
The Dow Jones Industrial Average and the S&P 500 Index fell for their seventh week in the last eight as mounting anxiety about Euro-zone debt continued to eat away at investor confidence. The Dow Jones Industrial Average fell 69.78 points…
TSX climbs but fundamentals still look shaky
A positive turn in Europe’s debt crisis helped to bolster global markets for the June 20-24 period and the TSX Composite Index was no exception. The Index climbed 120 points to finish at 12,908.89 points. But the new wasn’t all good as falling…