Red Back raises $150 million
Vancouver – Red Back Mining (RBI-T) is riding the gold tide and raising money again. It was only two months ago tha…
News
OSC gives HudBay shareholders the vote
The Ontario Securities Commission (OSC) has taken a firm stand on the side of shareholder’s rights.
Bought deal brings Anatolia $51.8 million
Anatolia Minerals Development (ANO-T) will raise $51.8 million in a financing led by RBC Capital Markets to help fu…
Rio Tinto cuts more aluminum output
Rio Tinto’s (RTP-n, RIO-L) aluminium unit, Alcan, is permanently closing its Beauharnois smelter in Quebec by the…
The expert’s guide to alternative financing
The economic crisis means mining companies will have to get more creative in finding nontraditional routes to finan…
BHP suspends Ravensthorpe operations and cuts 6,000 jobs
Vancouver – The world’s biggest mining company has joined the now lengthy list of majors to close operations …
Potash One gets cashed up for ’09
As many juniors deliberate over doing financings amidst the market turmoil, Potash One (KCL-T) president and CEO Pa…
Barrick holds strong in Tanzania
Barrick Gold’s (ABX-T, ABX-N) North Mara mine in Tanzania has had its share of problems.
Chilean copper producer buys controlling stake in Explorator Chile
Vancouver – Explorator Resources (EXO-V) is selling a 51% stake in its Chilean subsidiary, Explorator Chile, to int…
Anvil rises on new mining contracts in DRC
Vancouver – The biggest copper producer in the Democratic Republic of Congo (DRC) has finalized mining contract r…
U308 Corp. reports initial uranium resource in Guyana
Canadian uranium explorer U308 Corp. (UWE-V) believes Guyana’s Roraima Basin may one day play a significant ro…
BacTech buys interest in PNG deposits
BacTech Mining (BM-V) is in the process of buying a 33% interest in two gold deposits in Papua New Guinea from Yama…