Suppliers News (February 07, 2011)
Sudbury supports new office at CEMI
News
Lucara gets $60M for diamond projects
With two diamond projects in the pipeline, Lucara Diamond (LUC-V) has announced a $60-million private placement to help move them forward.
First Quantum to expand Kansanshi
Already one of the largest copper-producing companies, First Quantum Minerals’ (FM-T, FQM-L) plan to expand production capacity in Zambia at its Kansanshi copper-gold mine by 60% to about 400,000 tonnes of copper per year by 2015 and advance…
Rockgate boosts grade, tonnage at Falea
Rockgate Capital (RGT-T) has significantly increased the size and grade of the uranium and silver resource in its Falea project in southwest Mali with a resource update.
Aldridge likes what it sees at PNG discovery
When Aldridge Minerals (AGM-V) acquired a 450-sq.-km licence in Papua New Guinea (PNG) in February 2009, it fielded three requests from majors to joint-venture the property even before any samples were taken.
Newstrike cuts long gold hit in Mexico
Vancouver – The first set of drill results from Newstrike Capital’s (NES-V) exploration and twinning program on its Ana Paula gold project in southern Mexico returned several significant gold intercepts including a long stand-out.
Midway positioning Pan for production
Eureka, Nevada – Using the Pan gold project in Nevada as a springboard, Midway Gold’s (MDW-V, MDW-X) President and Chief Operating Officer Kenneth Brunk is intent on transforming the company into a producer. He is confident that this year’s…
Cliffs says high electricity prices in Ontario are a challenge
Cliffs Natural Resources (CLF-N) warned in a conference call today that high electricity rates in Ontario are forcing it to widen its search for a location to build a proposed ferrochrome production facility that will utilize a closed electric…
Will election results usher in a new era of prosperity for CAR?
The results from the election in the Central African Republic are in and President Bozize has held on to office by a wide margin of victory. Despite Bozize’s election success, however, it is difficult to get a grasp on where the troubled…
Sunridge hits more high-grade copper-gold in Eritrea
Vancouver -Sunridge Gold (SGC-V) has released its second round of drill results in two weeks, with more significant gold-copper-silver hits at its Asmara project in Eritrea.
Copper Canyon board rejects NovaGold bid
Vancouver – Copper Canyon Resources’ (CPY-V) board of directors has unanimously rejected as inadequate a hostile takeover bid launched by joint venture partner NovaGold Resources (NG-T, NG-X).
Demand outpaces discoveries, Roundup delegates told
VANCOUVER – This year’s Mineral Exploration Roundup attracted 7,000 delegates from around the world, a new record for the annual conference hosted by the Association for Mineral Exploration British Columbia (AME BC). But in keeping with the…