Swift Downturn Whipsaws Demand For Earth-Moving Equipment
It was less than a year ago that warp-speed growth in the mining and construction industries was causing industry- wide shortages of everything from ore-hauling trucks to tires.
News
Yellow Metal Has Big Companies Flocking To Nunavut
Nunavut celebrates its 10th anniversary in 2009. In recent years, the territory has seen a steady investment in its exploration and mining sector. Exploration and deposit appraisal spending in 2007 re…
Apollo Pays Hefty Price For Black Fox Funds
Apollo Gold (APG-T, AGT-X) now has the money it needs to push ahead with the construction of its Black Fox gold mine near Timmins, Ont., but at what cost?
Barrick Preserves Strong Balance Sheet
The economic crisis may be pushing many companies to the wall, but Barrick Gold (ABX-T, ABX-N) ended the year with a cash balance of US$1.4 billion, an undrawn US$1.5-billion credit facility, and the …
Meliadine Gets Scoping Study Go-Ahead
VANCOUVER — After 20 years of work in Canada’s North, Comaplex Minerals (CMF-T, CXMLF-O) has a positive scoping study in hand for a combined open-pit/underground operation at its Meliadine gold proje…
Pacific North West Buys Nixon Fork Gold Mine
While many cash-poor resource companies are experiencing considerable pain in the current bear market, their well-funded brethren are using these conditions as an opportunity to acquire assets.
Chesapeake Mulls Options At Metates
VANCOUVER — Armed with long mineralized intercepts and a new metallurgical plan for a big gold-silver deposit in Mexico, Chesapeake Gold (CKG-V) is pushing ahead with exploration and development plan…
Editorial: De Beers’ US$500M Bailout
The seventh trading week of 2009 closed out with news of profound cash-flow problems at the iconic diamond miner De Beers, underscoring the global collapse in demand for luxury goods such as diamonds.
Commentary: What You’re Owed If You Get Laid Off
A tough economy usually translates into employee layoffs and dismissals as employers tighten their belts to survive the leaner times. Employees have to face this harsh reality, but they should also kn…
People (March 02, 2009)
Alamos Gold — Herve Thiboutot appointed VP of exploration; Ken Balleweg has stepped down as VP of exploration but will remain exploration manager.
Eritrea’s Potential Sees Canadian Miners Through Turbulence
Eritrea usually finds itself in the Western media’s headlines for its dispute with neighbouring Ethiopia over the border that divides the two countries.
Riverside Takes Novel Approach To Exploration
SITE VISIT PENOLES, MEXICO–Other companies missed it, but not Miguel Heredia. He has strong geological legs. Riverside Resources’ (RRI-V, RVSDF-O)Mexico exploration manager strides up the steepening slope of Capitan Hill…