INTERNATIONAL QUOTES (July 28, 2008)
Australia (A$) July 22 July 14 Change Bendigo Mining 0.28 0.28 0.00 Centamin Egypt 1.15 1.06 0.09 Kingsgate Cons. 6.04 4.90 1.14 Lion Selection Ltd 1.62 1.65 -0.03 Ne…
News
Canada Nickel to option ‘Ring of Fire’ property from Diamondex
Privately held Canada Nickel Corp. has signed an option agreement with Diamondex Resources (DSP-V, DMDXF-O) to earn up to a 51% interest in the James Bay lowlands nickel project, in northern Ontario.
More coloured diamonds unearthed at Mori JV
Believed to be the first time rare coloured diamonds have been found in such great numbers in Ontario, more than half of the 5,216 diamonds recovered at the Mori joint-venture property near Wawa, Ont….
Yankee Hat brings copper into the fold (July 28, 2008)
VANCOUVER– Yankee Hat Minerals (KHT-V, YKHTF-O) isn’t doodling at its Lobo del Norte site, 20 km southwest of Whitehorse, Yukon. It only optioned the project from Lobo del Norte Exploration in April,…
Franconia updates Birch Lake resource
VANCOUVER– Franconia Minerals (FRA-T, FRALF-O) has doubled its resource estimate for the Main zone at its Birch Lake copper-nickel- platinum group metals deposit, about 11 km northeast of Babbitt, in…
Aurelian stands firm in Ecuador
While uncertainty continues to swirl around foreign mining investment in Ecuador, the former darling of the junior gold mining circuit, Aurelian Resources (ARU-T, AUREF-O), is pushing ahead with plans…
Miners invited to invest in Indonesia
In an effort to promote mining and exploration in Indonesia, the Canadian embassy in Jakarta has extended an open call for mining companies, junior, intermediate and senior alike, to visit the country…
Goldsource falls on stepout results
VANCOUVER — After gaining 6,000% in two months, Goldsource Mines (GXS-V, GXSFF-O) just got its first reality check. The company’s share price plummeted on news that the first two exploration holes dr…
UAE pours oil money into mining
In an effort to shield itself from escalating costs of infrastructure-related materials, the government of Ras Al Khaimah, a part of the United Arab Emirates (UAE), has set up what may become the firs…
Midasco sings Utah’s praises
VANCOUVER — It’s a good time to have acquired uranium past-producers, but it’s been tough selling them to the market.
Editorial: Miners need to be wary of McGuinty
The week ended July 19, the 29th trading week of 2008, kicked off with a surprise announcement by the Ontario government that it would “protect” at least 225,000 sq. km, or roughly half of the provinc…
PEOPLE (July 28, 2008)
Barrick Gold — Greg Wilkins appointed executive vice-chairman following his resignation as president and CEO.