Northern Rand pulls out of deal for Tanzanian permits
Land issues in Tanzania have become a more common theme as of late.
News
Former rivals now teammates in chase for Baffinland
In a new twist to the takeover battle for Baffinland Iron Mines (BIM-T), former rivals Nunavut Iron Ore and ArcelorMittal (MT-N) are teaming up in a joint bid.
Mirasol delivers spectacular silver grades over significant widths
Results for the remaining 21holes completed during a first pass of drilling on the Julia vein target confirm Mirasol Resources (MRZ-V) has made a significant high-grade silver discovery at its wholly owned Virginia project in Argentina’s Santa…
Northgate eyes underground potential of Kemess North
After 12 years of profitable operation, Northgate Minerals’ (NGX-T, NXG-X) Kemess South gold-copper mine in north-central British Columbia is shutting down. The large-scale open-pit mine will cease operating in February after ore reserves have…
Inmet and Lundin propose to merge
The proposed merger of Inmet Mining (IMN-T, IEMF-O) and Lundin Mining (LUN-T), which both companies describe as a “merger of equals,” would create a large base-metal producer in Canada that would replace those the country has lost in the…
Spanish Mountain Gold releases PEA
Marc Johnson, a mining analyst at M Partners in Toronto, initiated coverage of Spanish Mountain Gold (SPA-V) in the middle of December, less than a month after the junior released a preliminary economic assessment of its Spanish Mountain gold…
AQM gets first resource estimate done on Zafranal
Just four months after making a deal to hold on to its 50% stake, AQM Copper (AQM-V) has its first resource estimate for the Main Zone of the Zafranal project in Peru. The company says measured and indicated resources came in at 301 million…
Golden Dawn looks to bring back the mining light to Greenwood
Golden Dawn Minerals (GOM-V) wants to breath mining life back into Greenwood B.C. for the third time. The small town of some 600 souls in south central B.C. saw its fortunes swell at the turn of the last century and again in the 1950s, both…
Kaminak to spend $15 million on exploration
With more than $21 million in cash, Kaminak Gold (KAM-V) has all the money it needs for an aggressive exploration program this year at its Coffee gold project in the White Gold district of the Yukon.
Editorial: Gov’t stepping slowly into Voisey’s strike
The first week of 2011 saw the public release of a candid and rather damning report by a Newfoundland & Labrador government-appointed commission on the 17-month strike by 120 members of United Steelworkers Local 9508 at Vale’s Voisey’s Bay…
Paramount prepares to resume drilling on Don Ese discovery in February
The final assays results from the remaining 28 holes completed during the 2010 drilling program on Paramount Gold and Silver’s (PZG-T, PZG-X) San Miguel project continue to confirm the potential for near-surface, bulk-tonnage mineralization at…
Rainy River cashes in with $75 million financing
On the back of its flagship 5-million-oz. Rainy River project in northwestern Ontario, Rainy River Resources (RR-V) has closed a $75-million bought deal financing just as gold is starting to lose a little of its lustre. The private placement,…