Noranda Income Fund Cuts Jobs, Production
A drop in zinc and sulphuric acid demand has forced the Noranda Income Fund (NIF. UN-T) to cut 45 jobs at its zinc plant in Salaberryde- Valleyfield, Que.
Canada
Quebec Promises Northern Highway Improvements
Mining and exploration companies are elated that the Quebec government has set aside about $698 million for road infrastructure projects in the province’s north.
Cons. Thompson Gets Chinese Partner
VANCOUVER — Consolidated Thompson Iron Mines (CLM-T) has found itself a partner to develop and run the Bloom Lake iron mine in eastern Quebec.
Rio Tinto To Idle Diavik, QIT-Fer
Autumn’s global collapse in diamond demand continued to ripple through Canada’s diamond mines during the thirteenth trading week of the year, as the lively Canadian diamond scene grapples with its fir…
Aurizon Thrives In Midst Of Downturn
VANCOUVER — Aurizon Mines (ARZ-T, AZK-X) is one of those companies happy to be mining gold.
Bigger Is Better For Juniors Magellan And Chapleau
Junior explorers Magellan Minerals (MNM-V, MAGNF-O) and Chapleau Resources (CHI-V, CHRRF-O) believe they’d be better off if they combined their exploration and development efforts in northern Brazil.
Silver Wheaton To Consolidate Grip On Industry
Silver Wheaton’s (SLW-T, SLW-N) proposed acquisition of Silverstone Resources (SST-V, SVRCF-O) will give it immediate production and cash flow from a number of low-cost mines in politically stable cou…
Temporary Shutdowns Planned For Diavik
To deal with a global drop in diamond demand, Rio Tinto (RTP-N, RIO-L) is planning two shutdowns at the Diavik mine in the Northwest Territories in the coming months, as well as further delays to the …
Denison Records US$80M Loss
VANCOUVER — The economic downturn has hit the uranium market hard and Canadian producer Denison Mines (DML-T, DNN-X) is feeling the pinch. In recent months, the company reported a 2008 loss of US$80….
Uranium Days Over In BC, Again
VANCOUVER– The prospect of uranium mining in B. C. received a final blow in March, as the provincial government moved to prohibit the chief mine inspector from issuing uranium and thorium exploration…
Energy Fuels, Magnum Uranium To Merge
Energy Fuels Resources (EFR-T, EFRFF-O) is a Toronto-based uranium and vanadium development company that rehabilitates formerly producing mines. It also plans to be the first company in more than 25 y…
Uranium Enjoying A Resurgence In Nunavut
VANCOUVER — A year and a half after the Nunavut government adopted a uranium development policy, the territory is hopping with uranium exploration and development efforts.