Karnalyte snags $300 million
The last six months have been very kind to Karnalyte Resources (KRN-T) and its massive Wynyard carnallite potash project in Saskatchewan.
Canada
Commentary: Execs’ short-term outlook: Oh brother, is it grim
The year 2013 is one that the mining industry will not soon forget, though most will not want to remember. Through the eyes of mining executives, the Mining Recruitment Group’s Executive Q2 2013 Survey shows that companies of all sizes…
Selwyn’s boardroom battle hits fever pitch
VANCOUVER — A battle is brewing at Selwyn Resources (SWN-V) that pits the company’s current directors against a large dissident group that wants control not just of boardroom seats, but whether the company should even continue as a…
TSX Venture Exchange, June 3-7
Mixed global economic data caught up with S&P/TSX Venture Composite Index during the trading period, with the exchange dropping 1.14%, or 11 points, en route to a 951.40-point weekly close. Unexpectedly strong job numbers in Canada were…
New Millennium keeps growing
With another 7.6 billion tonnes of iron ore resource coming from its Howells River North and Howells Lake properties in Labrador, New Millennium Iron (NML-T) counts itself as one of the world’s largest iron ore resource holders.
TSX Venture Exchange, May 27-31
The S&P/TSX Venture Composite Index continued to mount a bit of a rally during the trading sessions, posting a 14.09-point, or 1.5% increase, en route to a 962.41 weekly close. The index was boosted by stronger-than-expected economic…
Detour turns to equity markets as share price falls 65%
VANCOUVER — The soup has gotten a lot thinner for many companies in recent months, with falling metal prices and skittish investors driving equity valuations down across the board. And that reality set in for newly minted Canadian…
Arianne to focus on high-grade phosphate
It’s been a busy month for Arianne Phosphate (DAN-V, DRRSF-O). In mid-May the Quebec-based junior officially changed its name from Arianne Resources, and announced it had sold off its non-phosphate assets to focus on its flagship open-pit…
New Gold sees opportunity in $310M Rainy River deal
VANCOUVER — With junior equity valuations falling, it’s a good time for larger-cap companies to do a little bargain hunting. And that’s the case for producer New Gold (NGD-T, NGD-X), which has launched a friendly $310-million…
Commentary: Canada helps developing countries with responsible resource extraction
Today, Canada’s private-sector investments account for almost half of global mining activities in developing countries, and represent about 12% of Canada’s foreign direct investment. As an extractives industry success story, Canada…
Another hill to climb for Copper Mountain
Operational issues at the Copper Mountain mine in B.C. are hounding Copper Mountain Mining (CUM-T).
Editorial: HD on its feet after a tumble
Another chapter closed in the HD Mining International saga, with HD celebrating a win in the federal courts against two B.C. unions who had tried to thwart the junior developer’s efforts to import Chinese workers to take a bulk…