Meadow Bay bringing back Atlanta gold mine in Nevada
The low gold prices of the mid-1980s forced the Atlanta gold mine in southeasten Nevada to close down. But remnants of the old mine still remain.
News
Minera IRL finds its heart’s desire in Patagonia
For many people, the word “Patagonia” conjures up images of snow-capped mountains and pristine valleys filled with frolicking seals and blissed-out ecotourists.
U-Sea Colonsay sets sail
The second of nine new vessels to be operated by Canpotex through a joint venture with Copenhagen-based U-Sea Bulk has been delivered, and is expected to arrive at the Neptune Terminals facility in Vancouver’s North Shore on Nov. 7 to load…
People
Alcoa – Michael Pepper appointed president of Alcoa Power and Propulsion business unit.
Xstrata Coal buys Cline’s Lossan deposit
Xstrata’s (XTA-L) subsidiary Xstrata Coal has struck a deal to buy Cline Mining’s (CMK-T) wholly owned Lossan coal deposit in B.C.’s Peace River coalfield for $40 million in cash.
Agnico closes, writes off Goldex
In a significant blow to its bottom line, Agnico-Eagle Mines (AEM-T, AEM-N) has been forced to indefinitely shut down and write off its Goldex underground gold mine in Val-d’Or, Que., because of the mine’s physical instability.
Rio Tinto outbids Cameco for Hathor
Rio Tinto (RIO-N, RIO-L, RIO-A) has swooped in with an all-cash, $578-million bid for uranium explorer Hathor Exploration (HAT-T) and its world-class Roughrider uranium project in Saskatchewan’s Athabasca Basin.
Hard Creek cuts capex by $1.6B at Turnagain
Metallurgical advancements have led Hard Creek Nickel (HNC-T) to release a new preliminary economic assessment (PEA) for its flagship Turnagain low-grade nickel project in northwestern B.C.
Suppliers news
Major Drilling buys Bradley Group
Royal Nickel considers downstream options for Dumont
Preliminary test work on a 1-kg sample of concentrate from Royal Nickel’s (RNX-T) Dumont nickel project in Quebec demonstrates that there is potential to use alternate and significantly cheaper processing options to produce a high-grade…
PMI Gold spikes as Obotan resource tops 4.5M oz.
Ghana-focused PMI Gold (PMV-V, PVM-A) has managed a 270% increase in gold resource at its Obotan project in a new resource estimate.
Carpathian hit with construction stoppage in Brazil
Carpathian Gold (CPN-T) has been forced to halt construction at its Riacho dos Machados gold project on environmental grounds barely a month after the Brazilian government approved the project.