Volume 96 Number 12 - May 10 - 16, 2010

Helicopter reconnaissance over the Aappalaartoq mountain on Nuukfjord Gold's Nuukfjord property in Greenland.

Former Underworld directors take on Greenland

VANCOUVER — Roughly 2.7 billion years ago, Greenland broke away from Eastern Canada and moved north, taking a chunk of the Archean greenstone belt that has produced 60% of Canada’s gold with it. Now …

Hana arranges $21-M financing

A little more than a week after announcing it had significantly increased its resource at the Ghanzi copper-silver project in northwestern Botswana, Hana Mining (HMG-V) is raising $21 million in a pri…

Timmins Gold starts up San Francisco mine

Timmins Gold (TMM-V) has started commercial production at the San Francisco gold mine, a past-producing open-pit heap-leach operation in the Arizona-Sonora Desert in the northern portion of the Mexica…

Volta Resources pulls golden core from Kiaka

VANCOUVER — A drill program aimed at defining a maiden resource at the Kiaka project in Burkina Faso continues to produce near-surface lengths of gold mineralization for Volta Resources (VTR-T).

Tax news wallops Aussie miners

Australia arguably slipped from being a pro-mining country to an anti-mining one in early May, as the left-leaning federal government there unveiled sweeping plans to change the island nation into one…

Taking stock of Quebec’s new mining taxes

The Quebec Finance Minister Raymond Bachand’s budget on March 30, 2010, significantly revamped the Quebec mining duty regime with a view to mitigating the provincial deficit.

CAE snaps up Datamine Group

CAE (CAE-T, CAE-N) has acquired mining software developer Datamine Group, gaining what it calls a strategic link to the mining industry.

PEOPLE (May 10, 2010)

Alcoa– Klaus Kleinfeld appointed chairman and CEO replacing Alain Belda, who retired; Judith Gueron appointed lead director; Arthur Collins elected a director; Jim Owens named chairman of the audit c…

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