Xstrata seeks buyer for Donkin
Xstrata Coal, a subsidiary of diversified miner Xstrata (XTA-L), is looking to sell its 75% stake in the Donkin coal project in Atlantic Canada.
Canada
Analyst questions Orbite’s ‘game-changing’ technology
Orbite Aluminae (ORT-T) has been pushed into the spotlight after an analyst raised concerns about some of the technology the company will use to extract alumina and rare earths from its Grande-Vallée property in Quebec.
People
Arianne Resources — Jean-Sébastien David appointed VP of operations.
PotashCorp’s Q1 misses the mark
Potash Corp. of Saskatchewan’s (POT-T, POT-N) first-quarter profits disappointed with lower potash sales, curtailed production and increased costs. But after trimming its 2012 earnings guidance, the Saskatoon-based company expects…
ESO Uranium digs into the Athabasca basin
Ben Ainsworth joined the board of Hathor Exploration in 2005 and served as vice-president of exploration during the junior’s development of its high-grade Roughrider uranium deposit in northern Saskatchewan’s Athabasca basin, about…
Iamgold to scoop up Trelawney
In a move to expand its Canadian portfolio, Iamgold (IMG-T, IAG-N) has tabled an offer to buy junior Trelawney Mining and Exploration (TRR-V) for its Côté Lake gold project in northern Ontario.
Agnico-Eagle gets its groove back
Once a company achieves upper mid-tier status, as Agnico-Eagle Mines (AEM-T, AEM-N) has, it is faced with different problems.
Avanti secures $640M financing for Kitsault
Avanti Mining (AVT-V) has secured a much-needed major financing for its Kitsault molybdenum mine in northern B.C., with five lenders agreeing to provide up to $640 million in loans.
Editorial: Stealth Bill C-38 upends CEAA
Over the years, mine developers in Canada have heard politicians at the provincial and federal level make so many empty promises to streamline the redundancy-laden process for mine approvals, it’s been easy to tune them out and temper…
Feds propose sweeping changes to environmental review process
The Canadian government has outlined broad changes to the federal environmental assessment process as part of a wide-ranging omnibus budget bill.
TomaGold shares jump 140% on Monster drill hole
Montreal-based TomaGold (LOT-V) has garnered a lot of attention following preliminary high-grade assay results on its Monster Lake gold property outside the town of Chibougamau, Que.
Canada Lithium slides on $30M financing
Canada Lithium (CLQ-T) saw its share price deflate after saying it will raise $30 million in equity to finish building and commissioning the Quebec Lithium project near Val d’Or, Que., by year-end.