Rio Tinto bids for Australia’s North Ltd.
British mining giant Rio Tinto (RTP-N) has launched a hostile US$1.7-billion takeover bid for diversified Australian miner North Limited.Rio Tinto is offering A$3.80 in cash per North share, with the …
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First Quantum ups Bwana Mkubwa output
Better head grades have enabled First Quantum Minerals (FM-T) to boost copper production at its Bwana Mkubwa solvent extraction-electrowinning operation in Zambia.During the six months ended June 30, …
Atna bides time at Marg property
Atna Resources (ATN-T) has kicked off a field program on its 67%-owned Marg polymetallic property near Mayo, Y.T.The project, a joint venture with 33%-owner Cameco (CCO-T), is underlain by Devonian-Mi…
Cantex drill tests Suwar
Junior Cantex Mine Development (CD-V) says it is encouraged by long-awaited drill results from the second phase of diamond drilling on the Suwar nickel-copper-cobalt project in northwestern Yemen.The …
Stillwater hits J-M reef
After nearly two years of tunneling into the Beartooth mountains, Stillwater Mining (SWC-X) has encountered the J-M reef at the East Boulder project, 13 miles west of the Stillwater platinum-palladium…
Mercury spill near Yanacocha
Eight people are in hospital, following a mercury spill 53 miles southwest of the Yanacocha gold mine in northern Peru.On June 2, three gallons of mercury were spilled in the village of Choropampa. Th…
Lisheen has eyes smiling
The recently opened Lisheen mine in southern Ireland does not contain a pot o’ gold, but there’s no shortage of zinc.The world’s fifth-largest producer of zinc and lead is an equal joint venture betwe…
Cambior mortgages Niobec to help pay lenders
Montreal-based Cambior (CBJ-T) has arranged a minimum US$13-million mortgage on its half-interest in the Niobec niobium mine in Chicoutimi, Que.The private Japanese investment company Jipangu will pro…
Base metals show gains in week of volatile trading
The Toronto Stock Exchange was quiet over the report period June 21-27, with the TSE 300 composite index sliding 74.37 points to close at 10,165.51, a modest loss of 0.7% of value. Still, the mining s…
Luscar among winners in BC rescue competition
Luscar, Cominco and Homestake Canada were the big winners in British Columbia’s Mine Rescue and First-Aid Competition, recently held in Kimberley.In simulated situations, mine rescue teams from these …
CDNX flounders as mining index takes a hit
Canada’s junior exchange closed the week ended June 27 on a down-tick. The Canadian Venture Exchange index dropped 40.53 points, or 1.2%, to finish at 3429.90. The mining index tumbled 102.43 points, …
A step in the right direction
The Tulsequah Chief project is in a breathtakingly beautiful corner of northwestern British Columbia, and its scenic splendor has worked its usual magic on environmental groups, who want to see it pre…