Anglo takes the reins at De Beers
As global diversified miners BHP Billiton (BHP-N, BLT-L) and Rio Tinto (RTP-N, RIO-L) look to step out of the diamond business, a third, Anglo American (AAL-L), is diving in deeper….
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Questions, but no answers (yet)
These are interesting times for an industry that is still recovering from the Great Recession. BHP Billiton and Rio Tinto announced in recent months that they’re looking to leave the…
Diamonds: as good as gold for investors?
The financial crisis of 2008 was the first time that many investors experienced first-hand the worst-case scenarios of investing. In response to that frightening experience, and the ongoing global financial…
Peregrine ready to dance with a new partner at Chidliak
When Peregrine Diamonds (PGD-T) lost BHP Billiton (BHP-N, BLT-L) as a 51% partner at Chidliak late last year, it didn’t look good for the junior. BHP’s withdrawal from the project…
Marange diamonds cast light on Kimberley Process shortcomings
In only a few years, Zimbabwe’s Marange diamond fields have transformed from a free-for-all of thousands of diamond prospectors sifting through dirt to a modernized, fenced-in area run by a…
Mountain Province Diamonds raising $47M for Gahcho Kué
To pay its share of initial capital costs at the $550-million Gahcho Kué diamond project, in the Northwest Territories, Mountain Province Diamonds (MPV-T, MDM-X) is planning a $47-million rights issue….
Crazy Horse moves Taysan ahead with prefeasibility study
VANCOUVER — Philippines-focused Crazy Horse Resources (CZH-V) has outlined a 15-million-tonne-per-year open-pit copper operation at its Taysan project in a prefeasibility study.
Goldcorp’s growth profile could eclipse Red Lake fumble
VANCOUVER — Vancouver-based major Goldcorp Inc. (G-T, GG-N) stumbled out of the gate to start the year, as adverse-ground conditions and grade variability at its flagship Red Lake gold mine 230-km-northwest of Dryden, On….
Venture returns to gains in April 23-27 period
VANCOUVER — The final week of April brought a hint of relief to the S&P TSX Venture Composite Index with a 14.81-point climb to 1,412.76 points after three weeks of significant losses. The slight turnaround came after the index hit a…
TSX wrap-up: Stronger metal prices lift miners
The TSX Composite Index continued its up-and-down trend as it climbed 212 points to 12,237.75 for the April 23-27 period. The rebound came as investors balanced strong earnings reports from a group of companies against data, showing the U.S….
Rio Novo Gold moves Almas forward
Rio Novo Gold (RN-T) expects to complete a definitive feasibility study on its fully owned Almas gold project in Brazil’s Tocantins state by September, and if all goes according to plan, initial production could start by July 2013.
Marathon beats chest at Golden Chest
After releasing a maiden resource estimate last month for its 50%-owned Golden Chest gold mine project in Idaho, Marathon Gold (MOZ-T) is back in the news with drill results that the junior explorer describes as a “very encouraging…