Potash One raising more funds for Legacy (February 21, 2008)
Vancouver – Little more than a month since closing an $11-million financing, Potash One (KCL-V, KCLOF-O) — which r…
Canada
Acadian to upgrade Getty zinc-lead resource
Acadian Mining (ADA-T, C2Z-F) has received zinc and lead grades from its Getty property in near Gays River, Nova Sc…
Aurora’s Michelin grows (February 20, 2008)
Vancouver – A 20% increase in resources is a nice boost for a company already working through pre-feasibility studi…
Alexis improves Lac Herbin plan for Q2 start-up
After a bulk sample, updated resource and a revised feasibility study, Alexis Minerals (AMC-T) has decided to start…
Marathon bids for Discovery PGM (February 19, 2008)
Vancouver – In the midst of completing a feasibility study on its namesake project, Marathon PGM (MAR-T) has made a…
Robust economics for Baffinland’s Mary River project
It took four years and about C$170 million but the definitive feasibility study on its 100%-owned Mary River direct…
Richmont raises reserves (February 19, 2008)
While Richmont Mines (RIC-T, RIC-X) increased production slightly in 2007, it raised gold reserves significantly, t…
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.
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.