Court blocks Rusoro takeover bid for Gold Reserve
The Ontario superior court has issued an injunction stopping the hostile takeover bid by Rusoro Mining (RML-V, RMLF…
News
Japanese consortium finances Canada’s Uranium One
Uranium One (UUU-T) will raise C$270 million through a private placement with a Japanese consortium made up of Th…
Volta defines initial copper-gold resource in Burkina Faso
Vancouver – A few days after its joint-venture partner returned full ownership of the Gaoua copper-gold property …
Update:Bidding war heats up for Frontera Copper
A bidding war is emerging for Frontera Copper Corp. (FCC-T, FRCPF-O) that is pitting the Invecture Group against So…
UEX eyeing 40 million lbs. U3O8 at Hidden Bay
Vancouver – This fall UEX (UEX-T) leveled its 2009 resource-estimate sights on a target of 40 million lbs. U3O8 at …
Xstrata throttles back Sudbury nickel output, chops 686 jobs
Continued low nickel prices are forcing Xstrata (XTA-L) subsidiary Xstrata Nickel to step up the shrinking of its n…
Red Back Mining posts record production in Q4
Mines in Mauritania and Ghana posted record production in the fourth quarter for gold producer Red Back Mining…
U.S. Markets – Jan. 27 -Feb. 2
U. S. President Barack Obama’s US$825-billion stimulus bill may have passed the House of Representatives — its first legislative hurdle — but the news failed to lift the prevailing gloom in the mark…
Toronto Stock Exchange – Jan. 27 -Feb. 2
Canadian equity indices were down during the Jan. 27-Feb. 2 trading period. The S&P/ TSX composite index dropped 32 points, or 0.4%, to 8,625; the Capped Metals and Mining index was 27 points, or …
TSX Venture Exchange – Jan. 27 -Feb. 2
The S&P-TSX Venture composite index managed four days of small gains before capping the Jan. 27-Feb. 2 trading period off with a loss. The board closed the week up just 5.66 points at 872.82. Dail…
Cliffs Buys Into KWG On ‘Ring Of Fire’ Chrome Discovery
Coking coal and iron ore heavyweight Cliffs Natural Resources (CLF-N) is investing US$3.5 million in a private placement for a 19.9% stake in KWG Resources (KWG-V, KWGBF-O) to gain a foothold in what …
First Uranium To Bring Low-Cost Uranium-Gold Mines Online
First Uranium (FIU-T, FUM-J) is close to completing two financing deals that together will allow the company to fund capital expenditures at its two uranium-gold projects in South Africa and bring the…