News

Conference Board: bright future for northern mining

The following is excerpted from the third chapter of the Conference Board of Canada’s report: Mapping the economic potential of Canada’s north. To view the full report visit www.conferenceboard.ca .


Baffinland in play

The week before the Christmas break was a busy one in the capital markets, with plenty of mergers and acquisitions and a plethora of financings in the junior mining sector.


A drilling rig at Keegan Resources' Esaase gold project in southwest Ghana.

Keegan beefs up Esaase

VANCOUVER — Keegan Resources (KGN-T, KGN-X) has added almost 1 million oz. gold to its Esaase project in southwest Ghana after incorporating another 90,000 metres of drilling over 320 holes.


Belo Sun Mining's Volta Grande gold project in Brazil.

Belo Sun shines in Brazil (January 03, 2011)

VANCOUVER — A long gold hit at Belo Sun Mining’s (BSX-V) Volta Grande gold project in Brazil has helped boost the project’s potential and the company’s stock price.


Boka fraudster Paterson arrested

VANCOUVER — After a three-and- a-half year investigation involving police in Vancouver, Hong Kong and mainland China, John Paterson, founder and former CEO of Southwestern Resources, has been arreste…


Perseus nears production in Ghana (January 03, 2011)

VANCOUVER — With less than a year to go before it joins the ranks as a gold producer, Perseus Mining (PRU-T, PRU-A) is pulling promising infill and exploration results from both of its key projects: …



Aurora Energy Resources' Michelin uranium project camp in Labrador, as seen in 2006.

Paladin buying Aurora’s assets

The current moratorium on uranium mining in Newfoundland and Labrador isn’t deterring Australia’s Paladin Energy (PDN-T, PDN-A) from buying the uranium assets of Aurora Energy Resources in the Canadia…


Slam cashes up to fund exploration in Ontario and New Brunswick

Slam Exploration (SXL-V) has topped up its treasury with a series of private placement financings as it prepares to resume exploration drilling early in the New Year on the Reserve Creek gold project in northern Ontario and the Silverjack base…


Battle for Baffinland Iron Mines continues

The takeover battle between private equity investor Nunavut Iron Ore Acquisition and global steel giant ArcelorMittal (MT-N) for junior Baffinland Iron Mines (BIM-T) and its Mary River project took a new turn with a revised offer from…


Eastern Platinum raises $348 million

With platinum prices expected to climb further in 2011, Canada’s biggest platinum producer had little trouble raising $348 million to help pay for Phase 1 of its Eastern Limb development plan in South Africa. 


China cuts 2011 export quotas on rare earths

Shares of rare earth element (REE) companies reached new heights when markets re-opened after the holidays on Dec. 29 following news that China has cut export quotas for the strategic metals by 35% year-on-year.


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