AngloGold Ashanti Posts Strong Earnings
Higher spot gold prices, a lower hedge discount and weaker local operating currencies all contributed to strong first-quarter results for AngloGold Ashanti (AU-N, AGD-L).
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Underworld Hits Longest Gold Intercepts Yet
VANCOUVER — A trio of strong drill results from the White Gold property in the Yukon propelled Underworld Resources’ (UW-V, UNDWF-O) share price up 34% or 36¢ to $1.41.
Athabasca Potash Ups Burr Resource
Athabasca Potash (API-T, ABHPF-O) has reported a significant boost to resources at its Burr project in Saskatchewan.
Eldorado Scoops Up 20% Stake In Sino Gold
Eldorado Gold (ELD-T, EGO-X) plans to buy a 19.9% stake in China-focused Sino Gold Mining (SIOGF-O, SGX-A) in an all-share transaction with Gold Fields (GFI-J, GFI-N) valued at US$282 million.
Big Iron’s Gamesmanship
The tectonic shift in the iron ore business dominated headlines during the 22nd trading week of the year, as Rio Tinto ripped up its US$19.5-billion proposed financing with Chinalco and struck a new d…
Mongolian Politics, Up Close
Julian Dierkes is one of Canada’s foremost authorities on Mongolia.
Baja Mining Gets ICA Fluor For Boleo
Vancouver-based Baja Mining (BAJ-T, BAJFF-O) has hired ICA Fluor as the engineering, procurement and construction management (EPCM) firm for the first phase of construction at its Boleo copper-cobalt-…
SGS’s Chris Fleming Receives MetSoc’s 2009 Airey Award
Chris Fleming, a senior metallurgical consultant for laboratory SGS, has been awarded the 2009 Airey award by the Metallurgical Society, a division of the Canadian Institute of Mining, Metallurgy and …
WGM Signs On For UN Global Compact Policy
Mining consultant Watts, Griffis and McOuat has signed on to the United Nations Global Compact, an agreement meant to align businesses with 10 universally accepted principles encompassing human rights…
People (June 15, 2009)
Africo Resources — Tony Harwood has resigned as president and CEO.
CGA Mining To Raise $17M
VANCOUVER — As CGA Mining (CGA-T, CGAFF-O) ships its first gold from the Masbate project 350 km south of Manila in the Philippines, it is raising $17 million through a private placement.
Platmin Extends Bridge Loan
VANCOUVER — Platmin (PPN-T, PLNLF-O) appears to have successfully navigated through the worst of troubled waters by closing a $69- million private placement and arranging a new deadline for repayment…