TORONTO STOCK EXCHANGE -May 31-June 4
Global markets continued to be a study in volatility and the TSX composite index was no exception as the index fell over the May 31 -June 4 period. Still jittery over the near bankruptcy of Greece, Hu…
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PEOPLE (June 14, 2010)
Amanta Resources — Thanawut Sirinawin appointed a director.
Cabo to drill Fire River’s Nixon Fork
Exploration drilling workhorse Cabo Drilling (CBE-V) has racked up another drilling contract, this time on the United States’ northern frontier -Alaska.
More setbacks for First Quantum in the DRC
VANCOUVER — The situation in the Democratic Republic of the Congo (DRC) has gone from bad to worse for First Quantum (FM-T, FQM-L) after the country’s Supreme Court made a ruling that seemingly inval…
Anatolia secures Tunceli licenses
VANCOUVER — Anatolia Minerals (ANO-T) has secured full ownership of a group of mineral licenses in Turkey after a failed joint venture with Rio Tinto (RTP-N, RIO-L).
Xstrata pulls plug on new investments in Australia
The backlash against Australia’s proposed Resource Super Profits Tax (RSPT) is starting to draw blood with Xstrata’s (XTA-L, XSRAF-O) decision to suspend US$495.2-million worth of investments in its W…
Silver market strong in 2009: Silver Institute
When the levee breaks, a common safe haven for the investment community is gold. But according to the World Silver Survey 2010, prepared by GFMS for the Silver Institute, despite the financial bedlam …
Cliffs gets coy in Ring of Fire
While there were no earth-shaking events in the mining world for the first week of June, the industry continues to perk along, with plenty of M&A activity and ambitious exploration and mine develo…
Drills expand Trevali’s Santander deposits
VANCOUVER — A 12,500-metre drill program at the Santander silver-lead-zinc project in Peru designed to boost confidence in the known resource, expand the deposits down-plunge and towards each other, …
IFC to invest in Argentex Mining
VANCOUVER — Argentex Mining (ATX-V, AGXM-O) has announced a proposed $7.3-million private placement by the World Bank’s International Finance Corp. (IFC) that will help further the development of its…
Petra borrows US$78M
Leading rough diamond Petra Diamonds (PDL-L) hopes to treble annual diamond production to 3 million carats by 2019 with the help of a US$78 million loan from the International Finance Corp. (IFC) and …
Romios explores next to Galore Creek (June 14, 2010)
Right now, nearly everything about Romios Gold Resources (RG-V) is small — its $1.3-million budget, its $15-million market cap and its 27-sq.-km Trek project– but the company believes that Trek’s lo…