Vale strikes in Canada could last into 2010
The head of the Steelworkers Union for Ontario and the Atlantic provinces says it could be four or five months…
News
UEX Boosts Resource At Hidden Bay Property
VANCOUVER — UEX Corp. (UEX-T, UEXCF-O) wanted to define 40 million lbs. of uranium oxide at Hidden Bay in 2009 and, in a new resource estimate for the Athabasca basin property in Saskatchewan, it has…
Barrick’s Regent Sees Broader Mandate
Increasing profits to US$492 million would be good news for many miners. But for Barrick Gold (ABX-T, ABX-N), the bar is set a little higher — and while its second-quarter profits were up from US$485…
Severstal Ups Offer For High River By 36%
Russia’s Severstal is raising its cash offer for financially troubled High River Gold (HRG-T, HRIVF-O) to 30¢ a share from 22¢ and has extended the deadline for acceptance to Aug. 10.
New Hurdle For Pebble Project
VANCOUVER — The Pebble deposit in southwestern Alaska is one of the largest undeveloped ore-bodies in the world, home to resources totalling 72 billion lbs. copper, 94 million oz. gold, and 4.8 billi…
Northern Freegold Proves Up 1M Oz. Gold
VANCOUVER — After three years of drilling, Northern Freegold Resources (NFR-V) has defined an initial resource at its district-scale Freegold Mountain project.
Newmont Misses Its Q2 Guidance
Higher sales volumes and lower operating costs were the good news for Newmont Mining (NMC-T, NEM-N) during the second quarter.
Athabasca Potash Up For Sale
VANCOUVER — Athabasca Potash (API-T, ABHPF-O) has made it clear that as part of a strategic review process formed to consider possible partnerships on the Burr potash project in Saskatchewan, it is n…
Copper Mountain Grows Similco
VANCOUVER — A revised mine plan for Copper Mountain Mining’s (CUM-T, CPPMF-O) Similco project foresees the mine producing more copper for longer, based on an increased reserve estimate for the Britis…
Quadra’s Sierra Gorda Study Paints Promising Picture
VANCOUVER — Quadra Mining (QUA-T, QADMF-O) has released a strong scoping study for the large Sierra Gorda copper-gold-molybdenum project in Chile.
Despite Economic Crisis, Platinum In Short Supply
Platinum prices have tumbled from last year’s high of US$2,301 per oz. to about US$1,160 per oz. at the end of July, but Bank of America Merrill Lynch forecasts that fundamentals for the metal are lik…
China Demand Boosts Aluminum
Growing optimism about China’s demand for cars, property and power grid construction coupled with a weaker U. S. dollar is driving up the price of aluminum, according to Standard Chartered Bank.