BHP looks to exit diamond business
BHP Billiton (BHP-N, BLT-L, BHP-A) is considering leaving the diamonds business, because it may no longer fit its modus operandi of owning only “large, long-life, upstream and expandable assets.”
Volume 97 Number 42 Dec 5 - 11, 2011
Market news
Toronto Stock Exchange
Spot prices
Tuesday, Nov 28, 2011
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 28, 2011 (change from Nov. 21 in brackets):
Pretium boosts Brucejack resource to 31M oz. gold, 333M oz. silver
Pretium Resources (PVG-T) has increased gold and silver resources at its flagship Brucejack project in northwestern B.C. by as much as 460%, following a mid-year, 72,000-metre drill program.
AngloGold to buy 19% of Mariana
AngloGold Ashanti (AU-N) is all set to acquire a 19.9% interest in fellow Deseado Massif landholder Mariana Resources (MRY-T, MARL-L).
Cap-Ex’s iron ore discovery grabs market’s attention
Just two short months ago, Cap-Ex Ventures (CEV-V) was one of the smallest and least visible explorer looking for iron ore in Eastern Canada’s Labrador Trough. But as the first assays from the company’s main Block 103 iron ore property near…
Allana Potash sketches US$796M capex for Dallol
Allana Potash (AAA-T, AAA-V) is painting a rosy picture of its Dallol potash project in Ethiopia, with a positive preliminary economic assessment (PEA) that estimates start-up costs at US$796 million.
Talon gains on Trairao’s resource
Talon Metals (TLO-T) got a much needed boost with an initial resource on three target areas at its Trairao iron project in Brazil’s Para State.
Salazar reports high-grade from Ecuador
Diamond drilling at Salazar Resources’ (SRL-V) 100%-owned Curipamba volcanogenic massive sulphide project in Ecuador has yielded more high-grade precious and base metals over significant widths at the El Domo deposit, which remains open in all…
Editorial: Ekati up for grabs
Canada’s diamond mining and exploration industry, like many a 20-year-old, has just sensed for the first time its own mortality.
Commentary: Making sense of royalty structures and rates
Royalties in the mining industry look pretty straightforward, but dig a little deeper and the complexities are soon apparent.