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Tuesday, July 4, 2011
Articles by Northern Miner Staff
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Aurizon Mines – David Hall resigning as president & CEO on Aug. 15, but will continue as chairman; George Paspalas to be appointed president and CEO on Aug. 15.
Work disruptions continue on South Africa’s Bushveld
Disgruntled employees have once again disrupted mining operations on South Africa’s Bushveld Complex, with Platmin (PPN-T) being the latest target.
New Horizons: Oilsands mine closure inspired by Mother Nature
Mine closure plans in Alberta’s oilsands are being made with a new advisor in mind: Mother Nature.
Editorial: A loss, a win and a draw
The resource market passed the halfway mark of 2011 in a bit of a foul mood, with the ongoing anxiety over the feeble economic recovery seen in the U.S. and parts of Europe continuing to depress mining share prices, even in the face of robust…
First Quantum contemplates smelter
With concerns mounting about Zambia’s maxed-out smelting capacity, First Quantum Minerals (FM-T, FQM-L) is evaluating whether the time has come to build and operate a copper smelter. A decision will be made later this year.
Bear Creek loses Santa Ana
Already hit by a retreat in the silver price, a leftist presidential victory, and rumblings of local discontent, Bear Creek Mining (BCM-V) was broadsided on June 25 by the Peruvian government’s decision to revoke the licence for its Santa Ana…
Market unimpressed with Rubicon’s PEA for F2
Rubicon Minerals (RMX-T, RBY-X) fell $1.12, or 23.9%, to close at $3.56 per share with more than 4 million shares traded in Toronto after the company released a preliminary economic assessment (PEA) of its 100%-owned F2 gold system, part of its…
Canada Lithium looks to rebound
Canada Lithium (CLQ-T) is ready to move on from a shrinking-resource fiasco at its Quebec Lithium project near Val d’Or, Que., and has recently tabled an updated feasibility study of the project that shows it is still viable.
Bayfield insiders sell as Rainy River area play overheats
A 400- by 800-metre claim block east of Rainy River Resources’ (RR-T) flagship gold project in northwestern Ontario is causing a big commotion at the project’s operator, Bayfield Ventures (BYV-V).
Gran Colombia offers up US$75 million of silver-linked notes
Gran Colombia Gold (GCM-T) is looking to issue up to US$75 million worth of what executive co-chairman Serafino Iacono calls “a creative and innovative financial instrument.”