Aston Bay strikes exploration deal with BHP
BHP Billiton’s (NYSE: BHP) Canadian subsidiary has signed a letter of intent to fund exploration on Aston Bay Holdings’ (TSXV: BAY) Storm copper property, in Somerset Island, Nunavut.
Canada
TSX Venture bounces back, Jan. 25-29
The S&P/TSX Venture Composite Index recovered from historic lows during the trading period, as it gained 3.3%, or 15.85 points, en route to a 499.52-point weekly close. Commodity futures were on the rise across the board, with markets also…
BC Minister Rustad encourages industry, First Nations to ‘build relationships’
VANCOUVER — British Columbia’s Minister of Aboriginal Relations and Reconciliation John Rustad said at this year’s Mineral Exploration Roundup in Vancouver that the provincial government is working with First Nation…
Editorial: Aboriginal think tank calls for ‘bold’ infrastructure development in Far North
With the new federal government having vowed in its election platform to improve the lives of Aboriginal Canadians and spend tens of billions on infrastructure projects to offset the economic downturn, it’s a perfect time for aboriginal…
KWG turns to China for help in Ring of Fire
A railway design and engineering company named China Railway First Survey & Design Institute Group Co. (FSDI) and owned by China Railway Construction, one of China’s three major state-owned rail groups, is teaming with KWG…
TSX Venture Exchange pledges to revitalize, diversify
A town hall meeting to discuss the TSX Venture Exchange’s proposed improvements to Canada’s public venture market filled a large ballroom at the Sheraton Hotel in Toronto on Jan. 18.
TNM Roundtable: Leaders debate industry’s return on investment
Industry leaders weighed in on whether the mining sector has performed poorly on its return on investment (ROI), and what can be done about it, at The Northern Miner’s roundtable discussion in Toronto in mid-January. The roundtable…
Site visit: Western Copper sees Casino as an economic driver in the Yukon
WHITEHORSE, YUKON — It may not be the best time to develop a bulk-tonnage mining operation, but Western Copper and Gold (TSX: WRN; NYSE-MKT: WRN) is sure that the Casino copper-gold deposit will be one of the first projects off the…
PotashCorp suspends its newest mine in NB
Potash Corp. of Saskatchewan (TSX: POT; NYSE: POT) is indefinitely suspending its new Picadilly potash mine in New Brunswick to lower its company-wide costs — dismissing roughly 430 workers.
Moody’s puts 55 miners on review for downgrade
Moody’s Investors Service has put the credit ratings of 55 mining companies under review due to poor market conditions, noting this downturn marks a “unprecedented shift” for the mining industry.
Sandstorm picks up 56 royalties from Teck
VANCOUVER — Business has been booming for outfits in the precious metal-streaming and royalty game, with the latest deal seeing Sandstorm Gold (TSX: SSL) amass another 56 royalties from Teck Resources (TSX: TCK.B; NYSE: TCK).
TSX Venture loses more ground, Jan. 18-22
The S&P/TSX Venture Composite Index hit historic lows, as it dropped 1.1%, or 5.29 points, en route to a 483.67-point weekly close. Monetary stimulus measures were on the horizon for many of the world’s major economies, as European…