Claude ups inferred resources by 236%
Shares of Claude Resources (CRJ-T, CGR-X) gained 17% a day after updating its gold reserves and resources on its wholly-owned Seabee gold operation in Saskatchewan.
Canada
Aurizon doesn’t budge on positive 2011 financials
Last year was a good year for the company, says George Paspalas, the president and chief executive of Aurizon Mines (ARZ-T, ARK-X), which has been mining the Casa Berardi gold project in Quebec since 2006.
Canadian Environmental Assessment Report echoes government priorities, opposition cries foul
Vancouver — Proposed changes to Canada’s Environmental Assessment Act could streamline and simplify the environmental approval process, much in line with pledges already made by the Conservative government.
Xstrata expands Canadian-coal footprint with Peace River acquisition, agrees to joint venture with JX Nippon
Vancouver — Switzerland-based mining giant Xstrata PLC (XTA-L) has agreed to buy the Sukunka coking coal deposit in the Peace River region of northern British Columbia from Calgary-based Talisman Energy (TLM-T, TLM-N), in a cash-only deal…
Nunatsiavut government lifts moratorium on uranium
A measure of certainty mixed with relief has flooded back into the market about uranium exploration in Labrador after the Nunatsiavut Government lifted its three-year moratorium on the working, production, mining and development of uranium on…
Venture slips in March 5-9 period
Vancouver – A Greek debt deal and encouraging U.S. job numbers were not enough to pull the S&P TSX Venture Composite Index out of the red in the March 5-9 period, as general fears of a slowing global economy weighed on the exchange….
Cameco buying out Areva at Millennium
After being trumped last year in a bidding war with Rio Tinto (RIO-N) for Hathor Exploration and its Roughrider uranium deposit, Cameco (CCO-T, CCJ-N) is back on the acquisition trail, announcing on March 2 that it plans to buy Areva’s…
Vale to spend $2B to cut sulphur dioxide emissions in Sudbury
Vale (VALE-N) has approved a $2-billion plan to reduce by 70% the sulphur dioxide emissions from its smelter in Sudbury, Ont.
Trelawney slides on Ct Lake’s resource update
Trelawney Mining and Exploration’s (TRR-V) share price continued to sag following a Feb. 24 resource update at its Côté Lake gold deposit on the Chester property, 20 km southwest of the town of Gogama, Ont.
1B lbs. copper estimated at Woodjam
B.C. has another member of the billion-pound copper club following an initial resource estimate on Gold Fields’ (GFI-N) and Consolidated Woodjam Copper’s (WCC-V) joint-venture property.
Banks Island banking on quick-start gold mine
Vancouver — Recently-listed Banks Island Gold (BOZ-V) has hit more high-grade gold as it looks to expand the resource at the production-ready Tal zone on its northern British Columbia property.
Molycorp/Neo Material deal puts upstream and downstream together
News of Molycorp’s (MCP-N) proposed acquisition of Neo Material Technologies (NEM-T) in a cash and stock deal worth $1.3 billion sent the shares of both companies soaring.