Firstgold In Trouble In Nevada
After defaulting on two loans, Firstgold (FGD-T) has been forced to suspend crushing activity at its Relief Canyon heap-leach project, near Lovelock, Nev.
United States
Alpha and Foundation in US$2B coal merger
The big fish can use the attractive valuations created by the recession to get even bigger. This is the case in the…
NovaGold gets slapped with environmental fine
NovaGold Resources (NG-T) will pay nearly US$900,000 to settle water-pollution charges in Alaska.
Cliffs Idles Coal Plants
As the economic crisis continues to squash demand for steel, Cliffs Natural Resources (CLF-N) is idling some of its metallurgical coal production in West Virginia and Alabama.
Sumitomo Buys Teck’s Pogo Stake
Debt-laden Teck (TCK. B-T, TCK-N) has struck a deal to sell its 40% interest in the Pogo gold mine in Alaska to its majority partner Sumitomo Metal Mining for about US$245 million in cash.
Formation Gains On USFS Rejection Of Xstrata Appeal
VANCOUVER — An arduous environmental- permitting odyssey is over for Formation Capital (FCO-T, FCACF-O).
Donlin Creek Costs Hit US$4.5B
VANCOUVER — NovaGold Resources (NG-T, NG-X) has been hit with another massive projected capital cost increase: an updated feasibility study for the Donlin Creek gold project in Alaska pegged developm…
Tower Hill Keeps Hitting Gold At Livengood
VANCOUVER–The Livengood gold deposit in Alaska just keeps growing for International Tower Hill Mines (ITH-V, THM-X).
Timminco Merges Magnesium Assets With China’s Winca
If you can’t beat them — join them. That was the rationale behind Timminco’s (TIM-T, TIMNF-O) decision to merge its remaining magnesium extrusion assets with a private Chinese enterprise called Winca…
Anglo Canadian Uranium forms consortium
Against a backdrop of firming uranium prices and a resurgent uranium sector, Anglo Canadian Uranium (URA-V) is …
Nyrstar buys Mid-Tennessee zinc mine
London, UK-based Nyrstar, the world’s largest zinc metal refiner, has bought the Mid-Tennessee zinc mine complex fr…
Plot Thickens In Vedanta-Asarco Deal
VANCOUVER–Despite a ruling that approves certain conditions of a proposed US$1.7-billion sale of Asarco’s operating mines to Vedanta Resources (VDNRF-O, VED-L), as part of the former’s reorganization…