Unable to go big, BHP and Rio Tinto go home
In the space of just a few months, both BHP Billiton (BHP-N, BLT-L) and Rio Tinto (RTP-N, RIO-L) announced they were reviewing their diamond businesses. BHP, the 80% owner of…
Canada
This industry’s ‘ripe for consolidation’
Pierre Lassonde built his remarkably successful career on gold, as cofounder and chairman of gold royalty powerhouse Franco-Nevada, a former CEO of Newmont Mining, a past chairman of the World…
Lucara Diamond CEO just getting started
“I don’t ever believe in using the word try,” says William Lamb, the current driving force behind Lucara Diamond (LUC-T). “If you try, you are setting yourself up for failure….
Shear Diamonds suspends production at Jericho
Shear Diamonds (SRM-V) suspended production from stockpiles at its Jericho diamond mine, in Nunavut, in early September. The company, led by president and CEO Julie Lassonde, had been hoping to…
Miners give back in Toronto and Mali
Scott McLean says project generation model a win-win
Scott McLean and Kevin Stevens were part of a four-man team at Falconbridge that in 2001 discovered the high-grade Nickel Rim South deposit in Sudbury, Ontario.
Prosperity Goldfields sets the stage at Kiyuk Lake
VANCOUVER — It has been nearly a year since Adrian Fleming and his team studied drill results from Prosperity Goldfields’ (PPG-V) wholly-owned Kiyuk Lake project in southwestern Nunavut’s Kivalliq district, and determined they…
Stornoway expects delays at Renard
Stornoway Diamond (SWY-T) recently provided an update on the construction of the Route 167 extension that would give it full-year road access to its current fly-in Renard diamond project in northern Quebec, confirming earlier media reports…
Rambler’s Ming mine moves into production
The Ming copper-gold mine on the Baie Verte Peninsula of Newfoundland and Labrador officially moved into commercial production on Nov. 1 and Rambler Metals and Mining (RAB-V, RMM-L) says the first 9,000-10,000 tonnes of copper concentrate…
Argonaut Gold moves on Prodigy
Argonaut Gold (AR-T) thinks now is the time to bolster its project pipeline through acquisitions.
Beaufield proves Chinese firms still interested in iron ore
The connection between slower growth in China and slumping commodity prices has been highlighted in the financial press over the last few months — but there are contrary signs to be found by astute investors.
ATAC finds more Carlin-style mineralization
ATAC Resources (ATC-V) says it has discovered a third area with Carlin-type gold mineralization at its Pharaoh target in the Yukon. This find is the junior’s second gold discovery this year.