Xstrata opposes Formation Capital cobalt project on environmental grounds
Vancouver – Rarely do mining companies make headlines for objecting to a competitor’s mine development based on its…
United States
Allied Nevada to expand gold production at Hycroft mine
The commissioning phase of the recently reopened Hycroft gold mine in Nevada will be completed by the middle of the…
Rio Tinto Gets US$761M For Jacobs Ranch Coal Mine
Rio Tinto’s (RTP-N, RIO-L) recent US$19-billion cash infusion from Chinese state-owned Aluminum Corp. of China (ACH-N) (Chinalco) hasn’t slowed the pace of the debt-laden major’s asset sales.
First resource on Fronteer Development’s Long Canyon
Fronteer Development Group (FRG-T, FRG-x) has long said that its Long Canyon gold deposit in the heart of the Pequo…
Tower Hill raises $10 million, doubles Livengood drill program
Vancouver – Its financing brought in twice as much as it expected so International Tower Hill Mines (ITH-V) has d…
Rio Tinto sells Jacobs Ranch to Arch Coal
It looks like Rio Tinto’s (RTP-N, RIO-L) recent US$19-billion cash infusion from Chinese state-owned Aluminum Corp….
Vedanta buying Asarco for US$1.7B
Vancouver – Beleagured US copper giant Asarco has agreed to Vedanta Resources’ (VED-L) revised US$1.7 billion offer…
Firstgold ready to pour at Relief Canyon
Vancouver – After spending two years and $16 million on a new processing facility for old ore, Firstgold (FGD-V) …
New Gold to merge with Western Goldfields
New Gold (NGD-T) and Western Goldfields (WGI-T) are joining forces to create a diversified gold production base fro…
Atna Primed To Pour Gold Again At Briggs
VANCOUVER — It sat idle for five years but now Atna Resources (ATN-T, ATNAF-O) is firing up the Briggs gold mine in Inyo Cty., Calif., and expects to produce its first gold dor soon.
Barrick Preserves Strong Balance Sheet
The economic crisis may be pushing many companies to the wall, but Barrick Gold (ABX-T, ABX-N) ended the year with a cash balance of US$1.4 billion, an undrawn US$1.5-billion credit facility, and the …
Pacific North West Buys Nixon Fork Gold Mine
While many cash-poor resource companies are experiencing considerable pain in the current bear market, their well-funded brethren are using these conditions as an opportunity to acquire assets.