NEWS ROUNDUP — MIM selling Asarco shares
Australian firm MIM Holdings is selling 9.5 million shares of Asarco (NYSE) at US$28 per share in an international offering. Of that total, a U.S. syndicate is offering 6.6 million shares; the interna…
Australian firm MIM Holdings is selling 9.5 million shares of Asarco (NYSE) at US$28 per share in an international offering. Of that total, a U.S. syndicate is offering 6.6 million shares; the interna…
The sale of a $30-million offering of flow-through shares and silver royalty certificates is complete, Anvil Range Mining (TSE) reports. The company plans to use the funds for stripping of its Grum de…
To date, Asarco (NYSE) has spent nearly $1 billion in an effort to move the thrust of its operations away from custom smelting and refining, and more towards copper and lead production. The money was …
Vancouver-listed IMPACT Minerals can acquire the Growler gold property in central Guyana. The agreement is with a Guyanese partnership, Eagle Mountain Associates. IMPACT may earn its initial interest …
A state-controlled mining company in India, Hindustan Zinc, has reached an agreement with Australian-based BHP Minerals concerning a joint venture in Rajasthan. Prospecting licence applications have b…
A second hole is being drilled at the Nelligan gold project in the Miquelon area of northwestern Quebec, Orient Resources (ME) reports. Assays from the first hole are awaited. More than 1,000 metres o…
Further drilling and induced-polarization surveys will test a new zone at the Casa Berardi project of Glen Auden Resources (CDN) in northwestern Quebec. The junior says hole 94-14, some 300 metres nor…
Though it ranks as the world’s seventh-largest producer of gold, Brazil has been largely ignored by the current crop of Canadian juniors attempting to gain exposure to South America’s historic mining …
An updated “project description” for the Northwest Territories diamond project managed by BHP Minerals Canada is in the hands of the Environmental Review Panel. The recently created panel is responsib…
Private company Ecum Secum Enterprises of Truro, N.S., is bullish about a silver property in the Bathurst camp of New Brunswick, west of the old Nigadoo base metal-silver-bismuth mine. Worked by previ…
With two drill programs under way and a third set to start in January, Nebex Resources (ASE) is anticipating a busy winter. A 25,000-ft. program is in progress at the main deposit of the Canoe Lake co…
Strategic Industry Investments will lend $6 million to Cliff Resources (TSE) so that it can meet its obligations to Mineral Development. The latter is owned equally by Cliff and Strategic. Also, Cliff…
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