Editorial: Code Red For Rio Tinto
Rio Tinto’s debt pangs grew acute during the week ended Dec. 13, the fiftieth trading week of 2008. They were set off this time around by the late November collapse of BHP Billiton’s drawn-out hostile…
Europe
Intrepid Hits Lengthy Gold Intervals In Indonesia
Vancouver — Recent drilling at Zone A of the Tumpangpitu prospect delivered Intrepid Mines (IAU-T, IAU-a) its best oxide drill results to date from the Tujuh Bukit property, near the eastern tip of J…
HudBay-Lundin Merger Draws Fire
Vancouver — What was supposed to be a friendly merger between HudBay Minerals (HBM-T, HBMFF-O) and Lundin Mining (LUN-T, LMC-N) is turning into a nasty battle, as groups of HudBay shareholders demand…
Vale Scales Back
As the world economy continues to unravel, Vale (RIO-N) is closing its Copper Cliff South nickel mine in Sudbury, Ont., suspending its Voisey’s Bay nickel operations in Labrador for a month next July,…
Northland upgrades Tapuli magnetite resource
Vancouver – Northland Resources (NAU-T) boosted confidence in its Tapuli magnetite deposit, upgrading most of…
Eurasian’s willingness to risk starting to pay off
Vancouver – Eurasian Minerals’ (EMX-V) decision to play the risk-reward gamble looks to be paying off: the ju…
Gabriel Resources goes back to the drawing board
Romania’s Supreme Court has annulled a crucial archaeological certificate that Gabriel Resources (GBU-T, GBRR…
Agnico Bewitched By Kittila
SITE VISIT Kittila, Finland — Finnish legend tells of a powerful witch named Paivio who lived in far northern Finland with the primeval Finnish shamans, famous for their magic. One…
Tirex Resources offers 5 oz. gold for new slogan
Before Tirex Resources (TXX-V, TIRXF-O) came along, gold and silver values were largely unknown in the Mirdita mini…
HudBay Bids For Lundin
Vancouver — In a move that took investors and analysts by surprise, HudBay Minerals (HBM-T, HBMFF-o) and Lundin Mining (LUN-T, LMC-n) plans to merge into what they hope will be the next major global …
Kinbauri Expands Resources At El Valle, Carles Gold-Copper Mines
Last March, Kinbauri Gold (KNB-V, KINBF-o) acquired gold assets in northwestern Spain from Rio Narcea Gold Mines for US$5 million. The goods included two exploration properties and fixed assets at the…
Carpathian Gold doubles resource in Romania
Carpathian Gold (CPN-T, CPNFF-O) has doubled the resource at its Rovina Valley project in the heart of the Golden Q…