MacTung Shows Strength For NA Tungsten
VANCOUVER — It will cost almost $400 million to build an underground mine at one of the largest undeveloped tungsten deposits in the world — North American Tungsten’s (NTC-V, NATUF-O) Mac- Tung — b…
Canada
Kinross to buy stake in Harry Winston
Kinross Gold (K-T, KGC-N) is making an usual and sudden move into the diamond business, offering US$150 millio…
BC approves Terrane’s Mt Milligan
Vancouver – The British Columbia government has approved an environmental assessment certificate for Terrane Meta…
Northrock gets good gold grades in Nunavut
Vancouver – Northrock Resources (NRK-V) drilled high grade gold over decent widths at the Turner Lake property, abo…
Both sides firing as HudBay proxy vote draws near
Vancouver – The battle for control of HudBay Minerals (HBM-T) keeps getting uglier. In the week leading up to the…
BC bans uranium and thorium exploration permits
Vancouver – The prospect of uranium mining in B.C. received a final blow as the provincial government moved to proh…
Huge loss for Uranium One
Uranium One (UUU-T) reported a net loss of US$258.8 million for the fourth quarter of 2008, amounting to a total lo…
Commentary: The Human Disaster In Nunavut
As Canada’s Nunavut territory approaches its tenth anniversary on April 1, we should look at the mismatch between resource investment and the Inuit human capital, and consider these points:
Vale Inco, Alcoa And U.S. Steel Cutting Back
Responding to the ongoing slowdown in the nickel market, Vale Inco, the nickel division of Vale (RIO-N), has announced 900 job cuts worldwide. Most of the affected jobs are in the corporate, managemen…
Redcorp Files For Creditor Protection
VANCOUVER — Redcorp Ventures( RDV-T, RDFVF-O) has filed for creditor protection, a few weeks after suspending development work at its Tulsequah Chief polymetallic mine in northern British Columbia in…
Border Coal Beds Start To Develop For Goldsource
VANCOUVER — A steady stream of coal intercepts is helping Goldsource Mines’ (GXS-V, GXSFF-O) share price regain some ground, though it remains far below the dizzying heights it reached last summer.
West Africans Ask Miners For More Training, Transparency
Mines ministers from West Africa say foreign mining companies need to become more transparent, help more with infrastructure development and provide more training to local people.