De Beers takes US$965M hit for Snap Lake
Capital cost overruns at De Beers’ Snap Lake diamond mine in the Northwest Territories forced the company to take a US$965-million impairment charge in its 2007 yearend results.
Canada
SUPPLIERS NEWS (February 18, 2008)
Australia-based mineral analysis company Intellection has merged with Welsh geoscience firm X-Ray Mineral Services (XMS).
Study extends life of Canadian Royalties project
The mine life for Canadian Royalties’ (CZZ-T, CRYAF-O) Nunavik Nickel project could be doubled to 18 years by mining the Mequillon deposit, a preliminary economic assessment says.
De Beers gets frostbite in Canada’s Arctic
The week ended Feb. 9, the sixth trading week of 2007, was punctuated by another setback for Canada’s emerging diamond mining industry, with De Beers taking a severe haircut at its new Snap Lake mine,…
NEW HORIZONS (February 18, 2008)
The U.S. Geological Survey has announced the 2008 recipients of the Mineral Resources External Research Program grant.
Tamerlane soars on Pine Point high-grade
VANCOUVER–Shares of Tamer-lane Ventures (TAM-V, TMLVF-O) posted a 93% gain on strong volume in recent trading, closing up 42 to 87 apiece on a high-grade lead-zinc intercept from its Pine Point pro…
New Nadina’s RIP kimberlite sparkles
More results from New Nadina Explorations’ (NNA-V, NNADF-O) RIP kimberlite, in the Northwest Territories, is proving that the pipe is anything but dead in terms of diamond potential.
NovaGold stands pat on Copper Canyon (February 15, 2008)
NovaGold Resources (NG-T, NG-X) will maintain its 60% interest in the Copper Canyon property, choosing not to exerc…
Kirkland Lake Gold and Queenston intersect high-grade gold at South Claims
Kirkland Lake Gold (KGI-T, KGI-L) and Queenston Mining (QMI-T) have intersected high-grade gold mineralization with…
HudBay pays Callinan $2.4 million
HudBay Minerals (HBM-T, HBMFF-O) has cut a $2.4-million cheque to Callinan Mines (CAA-V, CCNMF-O) this month as pa…
Merger plans for Gryphon Gold, American Bonanza
Gryphon Gold (GGN-T, GYPH-O) and American Bonanza Gold (BZA-T, ABGFF-O) have tabled plans to merge. A letter of int…
Independent Nickel changes Lynn Lake drill focus
Independent Nickel (INI-T) has intersected higher than expected nickel grades within its existing resource model at…