Dia Bras settles strike action in Peru
Vancouver – The road to Dia Bras Exploration’s (DIB-V) Yauricocha mine in Peru’s Yauyos Province is now open after a blockade was cleared.
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Venture sees straight gains in Oct 24-28 period
Vancouver – A long-awaited deal on EU debt helped push the S&P TSX Venture Composite Index up 96.98 points in the Oct. 24-28 period to reach 1,629.89 points after five straight days of gains. Volume was also up somewhat, with an average of…
[Update] The Red Back team returns
The former Red Back Mining team led by Richard Clark is back to advance Atacama Minerals (aam-v) using the same strategy they used to build the West African gold producer before selling it to Kinross Gold (k-t, kgc-n) for US$7.1…
Agnico closes, writes off Goldex
In a significant blow to its bottom line, Agnico-Eagle Mines (AEM-T, AEM-N) has been forced to indefinitely shut down and write off its Goldex underground gold mine in Val-d’Or, Que., because of the mine’s physical instability.
Boss Power wins $30M settlement from BC gov’t
Boss Power (BPU-V) has made $30 million from a uranium prospect without drilling a single hole.
Rio Tinto outbids Cameco for Hathor
Rio Tinto (RIO-N, RIO-L, RIO-A) has swooped in with an all-cash, $578-million bid for uranium explorer Hathor Exploration (HAT-T) and its world-class Roughrider uranium project in Saskatchewan’s Athabasca Basin.
Hard Creek cuts capex by $1.6B at Turnagain
Metallurgical advancements have led Hard Creek Nickel (HNC-T) to release a new preliminary economic assessment (PEA) for its flagship Turnagain low-grade nickel project in northwestern B.C.
Editorial: Goldex cookie crumbles
If anything underscores the inherent risk of mining, it was the past week for Agnico-Eagle Mines.
U-Sea Colonsay sets sail
The second of nine new vessels to be operated by Canpotex through a joint venture with Copenhagen-based U-Sea Bulk has been delivered, and is expected to arrive at the Neptune Terminals facility in Vancouver’s North Shore on Nov. 7 to load…
Odds ‘n’ sods: Always watch out!
During the 1970s I worked at the Geco copper mine in Manitouwadge, Ont. With 650 employees, it was about half the size of a big diamond mine in Canada today.
Suppliers news
Major Drilling buys Bradley Group
People
Alcoa – Michael Pepper appointed president of Alcoa Power and Propulsion business unit.