AngloGold buys Sao Bento mine
VANCOUVER– AngloGold Ashanti (AU-N, AGD-L) will get Eldorado Gold’s (ELD-T, EGO-X)Sao Bento mine in Brazil, now on care and maintenance, for US$70 million worth of AngloGold shares tradable on the Ne…
News
Young-Davidson results upbeat for Northgate
VANCOUVER–After a preliminary economic assessment found its Young-Davidson gold project in Ontario just economic, Northgate Minerals (NGX-T, NGX-X) released a set of drill results from the project su…
Rio Tinto to expand Corumba
Strong iron ore prices and rising demand in South America and the Middle East are behind Rio Tinto’s (RTP-N, RIO-L) latest announcement that it will invest US$2.15 billion in a major expansion of its …
NovaGold sees class action over Galore Creek
A class action lawsuit has been filed against NovaGold Resources (NG-T, NG-N) claiming the company and certain officers issued false and misleading statements about the costs, progress and viability o…
Wesdome Gold chases the next million ounces
SITE VISIT WAWA, ONT. — A gold dor bar doesn’t look all that heavy but it takes a bit of effort to lift 961.5 troy oz. of gold compacted into…
Small, rich resource for Avino (August 18, 2008)
VANCOUVER–A solid resource estimate for one vein near the historic Avino mine is bolstering hopes that Avino Silver & Gold Mines (ASM-V, ASGMF-O) will soon be able to restart the mine that Spania…
Teal grows resource, grades at Namibian project
Teal Exploration & Mining’s (TL-T, TEL-J) Otjikoto gold project in Namibia is demonstrating higher grades and resources, the company reports.
Hathor continues to hum (August 18, 2008)
Hathor Exploration (HAT-V)wants to attract major interest in its Midwest NorthEast project in the Athabasca basin, and with its latest drill holes it continues to do just that.
COMMENTARY: Modernizing Ontario’s Mining Act
–The following are exerpts from a discussion paper on revisions to the province’s mining legislation, called Modernizing Ontario’s Mining Act, produced by the government of Ontario. The report, publi…
EDITORIAL: Oil, metals and Russia’s triumph
Despite political upheaval in the world, the broad decline in oil and mineral prices picked up steam during the week ended Aug. 9, the 32nd trading week of 2008, much to the detriment of resource comp…
B. C., Yukon helicopter crashes kill five
VANCOUVER–Two mining-related helicopter crashes have killed five people in less than a week in Western Canada.
PEOPLE (August 18, 2008)
African Aura Resources — Ajay Gupta appointed CFO; Maz Mannan has resigned as CFO.