Promising results at Fayolle for Typhoon Exploration
A ten-metre intercept averaged 7.14 grams gold per tonne at Typhoon Exploration’s (TYP-V) 100%-owned Fayolle project in Quebec’s Abitibi region.
Canada
Northgate Minerals updates resource at Kemess
Northgate Minerals (NGX-T, NXG-N) has boosted its indicated resource tonnes by 18% and its contained gold and copper by 10% and 9% respectively at its Kemess underground project in north-central British Columbia.
Editorial: US budget folly to extend commodities boom
U.S. politics veered into the surreal this week, as U.S. President Barack Obama unveiled a deficit-laden, US$3.73-trillion budget proposal for fiscal 2012 that completely ducks the critical issue of unsustainable spending by the U.S. government…
People (February 14, 2011)
ArcelorMittal – Simon Wandke appointed as a VP and mining division’s chief commercial officer of marketing and sales.
Suppliers News (February 14, 2011)
Caterpillar to build factory in Thailand
Lake Shore adds to position in Northern Superior (February 14, 2011)
Lake Shore Gold (LSG-T) has increased its ownership in Northern Superior Resources (SUP-V) to 25.5% by privately buying more than 6.7 million shares at 80¢ each.
New assays at Borden Lake for Probe Mines (February 14, 2011)
Assay results from the first seven holes of a second-phase drill program at its Borden Lake gold project near Chapleau, Ont., have extended the gold zone about 300 metres northwest of previous drilling, Probe Mines (PRB-V) reports.
Newmont bids for Fronteer
Newmont Mining (NEM-N) is the latest to join the wave of merger and acquisition activity that is washing over Canadian mining companies.
Roundup: Atac, Kaminak gear up for 2011
Vancouver – In a couple of packed sessions at the Mineral Exploration Roundup in late January, leading Yukon gold explorers Atac Resources (atc-v) and Kaminak Resources (kam-v) laid out their plans for stepped up exploration in 2011.
TMX-LSE merger buzz
The markets have been abuzz since the jolting Feb. 8 announcement that the London Stock Exchange and the TMX Group – operator of the Toronto Stock Exchange and the TSX Venture Exchange – plan to merge in a deal that would create an exchange…
Canadian gov’t tightens TFW regulations
Whether your company currently employs temporary foreign workers (TFW), or whether your company may do so in the future, you need to be aware of the new Temporary Foreign Worker Program regulations that will come into force on April 1, 2011.
Canadian coal miners riled by US deal with Ridley Terminals (February 14, 2011)
British Columbia and Alberta coal producers have accused a federal Crown corporation of “putting American jobs ahead of Canadian jobs” after St. Louis-based Arch Coal (ACI-N) announced a five-year deal to ship Powder River basin coal from the…