Chinalco Deal Rankles Rio Tinto Shareholders
The sixth trading week of 2009 saw a blockbuster deal struck between Rio Tinto and Aluminum Corp. of China (Chinalco), which has the Chinese state-owned major pumping a much larger than anticipated US…
Canada
Gold Hawk Restructures Debt
Gold Hawk Resources (CGK-V, CGHRF-O) has restructured its debt in the nick of time.
Queenston raises $18M for gold exploration
Queenston Mining (QMI-T) has big spending plans for the Kirkland Lake gold camp in Northwestern Ontario, where it’s…
Barrick buys out Teck at Hemlo
In yet another asset sale to deal with its short-term debt crisis, Teck (YCK.B-T, TCK-N) is unloading its half stak…
Premier breathes new life into Geraldton
The bright, cold winter light of a January morning heightens the sparseness of the snow-swept streets of Geraldton,…
Peregrine Diamonds buys land surrounding Chidliak
Peregrine Diamonds (PGD-T) is more than doubling its prospecting rights on Baffin Island, Canada’s newest diamond d…
Teck posts $607M net-loss in Q4
Vancouver – Don Lindsay, the president and CEO of Teck (TCK.B-T, TCK-N), addressed the company’s heavy debt-load …
Polar Star to choose board of directors in April
Polar Star Mining (PSR-V) will hold a shareholders meeting on Apr. 17 that will decide the fate of its current boar…
China Inc. steps up foreign acquisitions; bids for Oz Minerals
China’s state-owned companies are ratcheting up their acquisitions of struggling mining companies that have been hi…
Golden Hope Hits New Mineralization
Assay results from Golden Hope Mines (GNH-V, GOLHF-O)’ Bellechasse property confirm the company has hit upon a second mineralized body at its Quebec gold project.
Orex Adds Zones At Goldboro
Strong results from Orex Exploration’s (OX-V) drilling in Nova Scotia helped secure the Rouyn- Noranda, Que.-based junior some market momentum.
Century Mining Digs Up $66M Financing
Century Mining (CMM-V, CMNZF-O) has joined a growing group of mining companies trying to weather the financial storm through alternative financing solutions.