Xstrata Chops Jobs, Output In Sudbury
Continued low nickel prices are forcing Xstrata (XSRAF-O, XTA-L) subsidiary Xstrata Nickel to accelerate the downsizing of its nickel mining and milling assets in Ontario’s Sudbury basin.
Canada
Rio Tinto Sells More Assets To Pare US$37B Debt
Rio Tinto (RTP-N, RIO-L) continues to hack away at its immense debt load with sales to Vale (RIO-N) of its undeveloped potash assets in Argentina and Canada and an iron ore mine in Brazil for US$1.6 b…
Assay lab ‘Oops’: Northern Freegold intercept now bonanza grade gold
Vancouver – Northern Freegold (NFR-V) CEO Bill Harris and president Susan Craig suspected the assay result of a dri…
Victoria Gold and StrataGold propose merger
Nevada-focused Victoria Gold (VIT-V) has made a friendly offer for StrataGold (SGV-V), which has an advanced gold p…
Capstone upgrades Kutcho resource estimate
Vancouver – Every little bit of grade helps at current copper prices.
Cadiscor and Tiomin combine to form new company
The proposed merger of Cadiscor Resources (CAO-V, CADRF-O) and Tiomin Resources (TIO-T) will create a new company t…
Japanese consortium finances Canada’s Uranium One
Uranium One (UUU-T) will raise C$270 million through a private placement with a Japanese consortium made up of Th…
UEX eyeing 40 million lbs. U3O8 at Hidden Bay
Vancouver – This fall UEX (UEX-T) leveled its 2009 resource-estimate sights on a target of 40 million lbs. U3O8 at …
Xstrata throttles back Sudbury nickel output, chops 686 jobs
Continued low nickel prices are forcing Xstrata (XTA-L) subsidiary Xstrata Nickel to step up the shrinking of its n…
Cliffs Buys Into KWG On ‘Ring Of Fire’ Chrome Discovery
Coking coal and iron ore heavyweight Cliffs Natural Resources (CLF-N) is investing US$3.5 million in a private placement for a 19.9% stake in KWG Resources (KWG-V, KWGBF-O) to gain a foothold in what …
First Uranium To Bring Low-Cost Uranium-Gold Mines Online
First Uranium (FIU-T, FUM-J) is close to completing two financing deals that together will allow the company to fund capital expenditures at its two uranium-gold projects in South Africa and bring the…
More Gold For Osisko At Canadian Malartic
With a feasibility study completed and 6.3 million oz. of gold reserves already outlined in the main ore-body at its Canadian Malartic deposit, in Quebec, Osisko Mining (OSK-T, OSKFF-O) wants more.