Volume 97 Number 48 Jan 16 - 22, 2012

Panoro Minerals president and CEO Luquman Shaheen speaks with visitors at the Cotabambas copper-gold project, located 50 km southwest of Cuzco, Peru. Photo by Ian Bickis

Panoro explores for riches in Peru’s heartland

It all started with a phone call. On the line was Standard Bank, looking to auction off some Peruvian properties after a joint venture between two majors had gone sour. On the other end of the line was Panoro Minerals (PML-V), which had worked…

CaNickel cuts production at Bucko Lake

CaNickel Mining (CML-T) is scaling back operations at its Bucko Lake nickel mine near Wabowden, Man. owing to “unfavourable” nickel prices, the company has announced.

Teck to buy SilverBirch Energy

Teck Resources (TCK-T, TCK-N) is raising its exposure to Alberta’s oilsands with plans to purchase SilverBirch Energy (SBE-V) in a cash and stock deal worth $435 million. The acquisition will give Teck the rest of the Frontier oilsands project…

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