Petra Diamonds recovers 122.52 carat blue diamond
The Cullinan diamond mine at the foothills of the Magaliesberg mountain range, 37 km northeast of Pretoria in South Africa, is one of the world’s most celebrated diamond mines.
News
Hummingbird Resources to acquire Gold Fields’ Yanfolila
Exploration and development company Hummingbird Resources (LSE-AIM: HUM) is banking on becoming a near-term producer with the all-share acquisition of Gold Fields’ (JSE: GFI) Yanfolila project in southwestern Mali, an advanced-stage…
Alderon Iron Ore satisfies all conditions for Kami
Alderon Iron Ore (TSX: ADV; NYSE-MKT: AXX) has signed a benefits agreement with the province of Newfoundland and Labrador and received surface and mining leases for its joint-venture Kami project, which green-lights construction.
Koch brothers gear up for Canadian oilsands development
VANCOUVER — U.S. billionaire industrialists the Koch brothers garnered headlines when it was revealed the group’s Canadian oil arm was the largest foreign stakeholder in the Alberta oilsands, with registered holdings of at…
Mandalay acquiring Elgin for $70M
VANCOUVER — Toronto-based gold miner Mandalay Resources (TSX: MND; US-OTC: MNDJF) had been on the lookout for an acquisition to boost its near-term production profile, and it has apparently found a fit in Elgin Mining (TSX: ELG,…
Fort Hills a ‘sweet spot’ for Teck
The Fort Hills oilsands project remains Teck Resources’ (TSX: TCK.B; NYSE: TCK) main growth project, Andrew Golding, the company’s senior vice-president of corporate development, said during the 2014 Global Metals, Mining and Steel…
CAPP’s outlook for oilsands growth through 2030
The Canadian Association of Petroleum Producers is forecasting that output from Alberta’s oilsands will reach 4.8 million barrels per day (bpd) by 2030, which is 400,000 bpd lower than its forecast last year, due largely to project costs…
TSX Venture returns to the green, June 2-6
The S&P/TSX Venture Composite Index bounced back during the week, rising 3.46 points, to close at 987.45. Investor sentiment improved after the U.S. Labor Department said the economy created 217,000 jobs in May. Meanwhile, the European…
Victory Nickel has the frac sand plan
Victory Nickel (TSX: NI; US-OTC: VNCKF) didn’t set out to be part of the premium frac sand business.
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, June 10 2014Precious MetalsPrice…
Temex hits shallow high-grade at Whitney
VANCOUVER — Drills at Temex Resources’ (TSXV: TME) Whitney gold project near Timmins, Ont., are finding high grades while the company upgrades the main deposit for a planned bulk sample and initial economic study.
Ressources Appalaches establishes Nova Scotia gold mine
Ressources Appalaches’ (TSXV: APP) president and CEO Alain Hupé is only too happy to follow a hunch.