Barker Minerals searches for BC diamonds (May 17, 2010)
VANCOUVER — Many thought Chuck Fipke and Stu Blusson were crazy when Canada’s diamond pioneers tried to convince the world they could find diamond-rich kimberlites in Canada’s Far North.
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Nevsun pushes towards production in Eritrea (May 17, 2010)
VANCOUVER — Nevsun Resources (NSU-T, NSU-X) is now more than halfway through building Eritrea’s first mine, on schedule to commission the gold-silver-copper-zinc operation before the year end.
Red Back gets boost from Kinross
Kinross Gold (K-T, KGC-N) is investing $600 million for a 9.4% stake in Red Back Mining (RBI-T). The placement should help finance the expansion of Red Back’s carbon-in-leach (CIL) plant and develop a…
Jinshan’s Dadiangou to be sold to Zhongjin
Jinshan Gold Mines (JIN-T) has agreed to sell its Dadiangou gold project in China’s remote Gansu province to Gansu Zhongjin Gold Mining Co., a subsidiary of Zhongjin Gold.
Golden Queen secures environmental permit
VANCOUVER — Golden Queen Mining’s (GQM-T) Soledad Mountain gold-silver project near Mojave, Calif., finally looks to have environmental approval.
Tax showdown in Oz
While the European debt crisis and all-time record-high gold prices above US$1,200 per oz. grabbed the biggest headlines, the ordinary talk amongst miners continued to be the shocking new tax regime b…
Mincor slams Australia’s mining tax
As Australian Prime Minister Kevin Rudd and his Labor Party argue the merits of their newly proposed Resource Super Profits Tax, the Australian mining industry is gearing up to fight it.
Sierra Minerals, Goldgroup form Goldgroup Mining
Shareholders have given the go-ahead for Sierra Minerals and privately- held Goldgroup Resources to combine their assets in Mexico in a merger they hope will create an intermediate gold producer with …
US$401-M IOC expansion greenlighted
Rio Tinto (RIO-N, RIO-L) stands to be one of the biggest losers if Australia passes a proposed 40% tax on windfall profits on all operating mines in Australia and it appears the U.K.-headquartered min…
PEOPLE (May 17, 2010)
Alcoa — Klaus Kleinfeld elected chairman and CEO, succeeding a retiring Alain Belda; Frank Thomas and Henry Schacht retiring as directors; Arthur Collins, Jr. elected a director.
TORONTO STOCK EXCHANGE -May 4-10
It was a wild ride for the TSX composite index over the May 4-10 period.
TSX VENTURE EXCHANGE -May 4-10
The S&P/TSX Venture composite index dropped during the May 4-10 trading period, following jitters about Greek sovereign debt and wild market trading, possibly caused by runaway computer trading. T…