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UBC, SFU win $25 million Federal mining grant
VANCOUVER — Two Vancouver-based universities have been selected to spearhead the establishment of the upcoming Canadian International Institute for Extractive Industries and Development. The University of British Columbia (UBC) and Simon…
Cliffs delays Bloom Lake expansion, cuts 2013 iron ore output
Cliffs Natural Resources (CLF-N) is applying the brakes on its iron ore operations in North America as fundamentals for the metal weakens, citing unstable prices and a drop in North American steelmaking.
Rebel group consolidates position in DRC
Rebel fighters from the M23 group in the Democratic Republic of Congo have pushed past Goma, the capital of North Kivu province, to the town of Sake, 20 km to the west, and claim they plan to march to Kinshasa, the country’s capital.
Slater talks early-mover status in Kazakhstan
VANCOUVER — Business partners Ian Slater and Robert Bell have had their sights set on potential mining plays in Kazakhstan since the country declared independence from the Soviet Union in the early 1990s. Roughly twenty years later, it…
Bad timing for Banro
Unrest in the Democratic Republic of Congo couldn’t have come at a worse time for Banro Corp. (BAA-T), whose Twangiza gold mine started commercial production there in September.
Kevin Thomson tracks M&A trends
Kevin Thomson is a senior partner at Davies Ward Phillips & Vineberg and one of Canada’s leading mergers and acquisitions lawyers. He has acted for bidders and target companies in a large number of solicited and unsolicited takeover…
El Nino sees progress at Murray Brook
VANCOUVER — It has been a busy year for Vancouver-based El Nino Ventures (ELN-V). The company released results from a US$3-million, 18,500-metre drill program on its Murray Brook pollymetallic massive sulphide project 60 km outside of…
Copper Mountain Mining gains traction
Mid-cap Copper Mountain Mining (CUM-T) and its majority-owned copper-gold-silver open-pit mine near Princeton in southern British Columbia, is a potential takeover target, says Orest Wowkodaw of Canaccord Genuity.
Auriga has new vision for Puffy Lake
Auriga Gold (AIA-V) wants to bring the Puffy Mine in western Manitoba back to life — only this time as a more modest and efficient operation.
Metals commentary: The state of global platinum supply
The global economic recession caused platinum demand in the car and jewelry sectors to enter a cyclical downturn. However, a substantial supply reduction due to the labour strife in South Africa moved the platinum market from surplus to deficit…
Short Position Report
Here are the latest short position reports from the Canadian Exchanges.