News

Teck axes 125 at Quintette

A backlog of coal inventories at the port in Prince Rupert, B.C., has forced Teck (TEK-T) to lay off 125 employees of the province’s Quintette mine.In addition to reducing the mine’s workforce to 500,…


DiamondWorks pads coffers

DiamondWorks (DMW-T) has raised $6.4 million to develop its various properties throughout the world.The private placement consisted of 28 million units priced at 23 cents each. A unit comprises one sh…


Searchgold nabs Bakoudou

Searchgold Resources (RSG-M) is poised to acquire control of the Bakoudou project in southeastern Gabon. The property is currently held by Golden Gram Resources (RAMG-C).The two companies have explore…


Noranda adds to Caber stake

Noranda (NOR-T) has subscribed for another $400,000 worth of Southern Africa Minerals (SAF-T).The private placement, involving 290,900 shares priced at $1.38 each, is part of an option agreement in wh…










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