Rio Tinto Gets US$761M For Jacobs Ranch Coal Mine
Rio Tinto’s (RTP-N, RIO-L) recent US$19-billion cash infusion from Chinese state-owned Aluminum Corp. of China (ACH-N) (Chinalco) hasn’t slowed the pace of the debt-laden major’s asset sales.
News
Clarification (March 16, 2009)
In our Feb. 9-15/09 issue, we stated in the article “Cliffs buys into KWG on ‘Ring of Fire’ chrome discovery” that chrome is a byproduct of Bushveld platinum group metals mining.
People (March 16, 2009)
Augyva Mining — Simon Britt has stepped down as CFO but will continue as an independent consultant to the company; Lynda Paulin reappointed CFO.
TSX Venture Exchange – March 3-9
It was continued dreariness on the S&P/TSX Venture composite index for the March 3-9 reporting period. Since mid-February — and the end of a small rally on the Venture Exchange — there have only…
Macarthur’s $100M Payday Disappears
VANCOUVER –It seemed too good to be true and it was: Macarthur Minerals( MMS-V, MMSDF-O) fell 45% on news that a $100-million deal for its Lake Giles iron ore deposit in Western Australia fell throug…
Vedanta Buying Asarco For Us$1.7B
VANCOUVER — Beleaguered U. S. copper giant Asarco has agreed to Vedanta Resources’ (VDNRF-O, VED-L) revised US$1.7-billion offer for its assets following the breakdown of a previously announced US$2….
Mag Silver Still Battling Fresnillo
VANCOUVER — Mag Silver (MAG-T, MVG-X) CEO Dan MacInnis still contends that a significantly slimmed- down resource estimate for the Valdecanas silver vein system on the company’s 44%-owned Juanicipio …
Redcorp Files For Creditor Protection
VANCOUVER — Redcorp Ventures( RDV-T, RDFVF-O) has filed for creditor protection, a few weeks after suspending development work at its Tulsequah Chief polymetallic mine in northern British Columbia in…
Yemen Looks For Share Of Mining Spotlight
Exploration companies looking for the next big find have seldom thought to look in the Middle Eastern country of Yemen.
Vale Inco, Alcoa And U.S. Steel Cutting Back
Responding to the ongoing slowdown in the nickel market, Vale Inco, the nickel division of Vale (RIO-N), has announced 900 job cuts worldwide. Most of the affected jobs are in the corporate, managemen…
Border Coal Beds Start To Develop For Goldsource
VANCOUVER — A steady stream of coal intercepts is helping Goldsource Mines’ (GXS-V, GXSFF-O) share price regain some ground, though it remains far below the dizzying heights it reached last summer.
The ‘Dismal’ Gather At The PDAC
The ninth trading week of the year was highlighted by another blowout Prospectors and Developers Association of Canada convention in Toronto.