Odds ‘n’ sods: Always watch out!
During the 1970s I worked at the Geco copper mine in Manitouwadge, Ont. With 650 employees, it was about half the size of a big diamond mine in Canada today.
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Alcoa – Michael Pepper appointed president of Alcoa Power and Propulsion business unit.
Xstrata Coal buys Cline’s Lossan deposit
Xstrata’s (XTA-L) subsidiary Xstrata Coal has struck a deal to buy Cline Mining’s (CMK-T) wholly owned Lossan coal deposit in B.C.’s Peace River coalfield for $40 million in cash.
Agnico closes, writes off Goldex
In a significant blow to its bottom line, Agnico-Eagle Mines (AEM-T, AEM-N) has been forced to indefinitely shut down and write off its Goldex underground gold mine in Val-d’Or, Que., because of the mine’s physical instability.
Boss Power wins $30M settlement from BC gov’t
Boss Power (BPU-V) has made $30 million from a uranium prospect without drilling a single hole.
Rio Tinto outbids Cameco for Hathor
Rio Tinto (RIO-N, RIO-L, RIO-A) has swooped in with an all-cash, $578-million bid for uranium explorer Hathor Exploration (HAT-T) and its world-class Roughrider uranium project in Saskatchewan’s Athabasca Basin.
Hard Creek cuts capex by $1.6B at Turnagain
Metallurgical advancements have led Hard Creek Nickel (HNC-T) to release a new preliminary economic assessment (PEA) for its flagship Turnagain low-grade nickel project in northwestern B.C.
Suppliers news
Major Drilling buys Bradley Group
Royal Nickel considers downstream options for Dumont
Preliminary test work on a 1-kg sample of concentrate from Royal Nickel’s (RNX-T) Dumont nickel project in Quebec demonstrates that there is potential to use alternate and significantly cheaper processing options to produce a high-grade…
Malaga makes headway in Peru
Before Montreal-based Malaga (MLG-T) took over the Pasto Bueno mine in 2005, private owners in Peru had turned out nearly 6 million tonnes of tungsten ore – or 42,000 tonnes of tungsten concentrate – from just five veins they had…
Agnico-Eagle takes big hit in Q3 with Goldex closure
Vancouver – Agnico-Eagle Mines (AEM-T, AEM-N) has posted a US$81-million net loss for the third quarter following the write-off of its Goldex gold mine in Quebec.
Early but promising results for Ethos
The first trenching results are in from Ethos Capital’s (ECC-V) Mascot Creek zone and they are indeed promising. The first line of testing saw a total of 52 trench pits dug over 270 metres. The highlight assays came from 9 samples averaging 7.3…