Katanga and Nikanor to form African copper giant
Katanga Mining (KAT-T, KATFF-O) and Nikanor (nkr-l) are planning a merger that would create Africa’s biggest copper producer and become the world’s biggest cobalt producer by 2011.
News
Benton, Teck set drill targets
Benton Resources (BTC-V, BNRJF-O) has assayed the last of 324 grab samples taken this summer from its Kingurutik Lake copper-nickel-cobalt property in Labrador, confirming mineralization in numerous z…
Queenston sees Upper Beaver gold, copper
Queenston Mining’s (QMI-T, QNMNF-O) drilling program on the porphyry and syenite breccia zones at the Upper Beaver property east of Kirkland Lake, Ont., is intersecting mineralized zones with high-gra…
Callinan questions HudBay
HudBay Minerals (HBM-T, HBMFF-O) is keeping tight-lipped about the first payment made to Callinan Mines (CAA-V, CCNMF-O) for a net profits interest (NPI) and royalty agreement that is being disputed i…
Claude adds ounces at Seabee (November 19, 2007)
Saskatoon, Sask.-based gold miner Claude Resources (CRJ-T, CGR-X) has added to gold reserves at its underground Seabee mine in northeastern Saskatchewan.
Empire now a mining company, eyes Turkish copper
Vancouver-based capital pool company Empire Mining (EPC-V) has completed the qualifying transaction it first announced in mid-September, with Global Securities acting as sponsor.
New gold zone at Juby (November 19, 2007)
Drilling by Temex Resources (TME-V, TMXRF-O) at its Juby joint-venture property, 20 km west of Gowganda, Ont., has discovered new gold mineralization on the deposit.
Newmont reports solid results (November 19, 2007)
Higher metal prices helped buoy third-quarter results for gold heavyweight Newmont Mining (NMC-T, NEM-N).
Vior outlines Douay resource
A new resource calculation for Vior Mining Exploration (VIO-V) has doubled the size of the Douay gold deposit, about 60 km south of Matagami, Que.
Taunus resource by March: Oro
Oro Gold Resources (ORG-V, OGRSF-O) says that drill results from its Taunus resource expansion program in Sinaloa, Mexico, are prompting the company to expand its 2,000-metre program.
Silver Wheaton grabs interest in Mines Management (November 19, 2007)
Vancouver — Silver Wheaton (SLW-T, SLW-N) is dipping into the silver deposit basket again, this time pulling out an 11% interest in Mines Management (MGT-T, MGN-X) for a purchase price of US$10 milli…
Artisanals point the way for African Gold Group
Miners have long been divided about artisanal miners working their concessions. Although the activity can at times lead to conflict, artisanals are widely credited with providing free — if inadverten…