Creston Moly’s bet on El Creston paying off
VANCOUVER — With complete results now available for the latest drill program at El Creston, it’s becoming clear that Creston Moly (CMS-V, CMSJF-O) has its hands on one of the highest-grade molybdenum…
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BHP Billiton grapples with Olympic Dam expansion
PERTH, WESTERN AUSTRALIA–By the end of this year, BHP Billiton (BHP-N, BLT-L) will have completed a prefeasibility study for transforming the Olympic Dam copper-uranium-gold mine into a massive open-…
Pebble Creek focused on India
Pebble Creek Mining (PEB-V, PBLEF-O) has released a National Instrument 43-101 resource estimate for its flagship Askot project, in northern India’s Uttarakhand state. At a net smelter return cutoff o…
Mosquito builds team for CUMO feasibility
Mosquito Consolidated Gold Mines( MSQ-T) has hired three companies to conduct a feasibility test at its Cumo molybdenum-copper project, in south-central Idaho, 15 km southwest of Idaho City.
Xstrata Copper to spend $121 M to extend Kidd
Mining giant Xstrata’s (XSRAF-O, XTA-L) subsidiary Xstrata Copper will invest $121 million to extend the life of its Kidd polymetallic mine near Timmins, Ont.
Serengeti expands Kwanika (August 25, 2008)
VANCOUVER — With the assays in hand from another dozen drill holes from an ongoing 59-hole campaign this year at its Kwanika property, about 250 km east of Smithers, B. C., Serengeti Resources’ (SIR-…
Aussie billionaire to form China-focused resource giant
An Australian billionaire plans to launch his private company, Resource Development International (RDI), as a resources giant that would supply iron ore, nickel and energy to China.
Intrepid posts Indonesian resource (August 25, 2008)
VANCOUVER — A resource estimate for a portion of the Tujuh Bukit gold project in Indonesia only a few months after Intrepid Mines (IAU-T, IAU-A) acquired the project through a merger with Emperor Min…
Decentralization poses dilemmas for miners
Mining companies are increasingly accepting the business case for sustainable community investment, as it can help secure their social licence to operate, add value for shareholders and engage communi…
INTERNATIONAL QUOTES (August 25, 2008)
Australia (A$) Aug 12 Aug 5 Change Bendigo Mining 0.18 0.20 -0.02 Kingsgate Cons. 4.80 5.60 -0.80 Lion Selection Ltd 1.58 1.50 0.08 Newcrest Mining 23.49 26.31 -2.82 …
For Uranium One, the Honeymoon’s over (August 25, 2008)
VANCOUVER — Uranium One’s (UUU-T, SXRZF-O) decision to sell some of its earlier-stage uranium properties this spring has hit it with a US$105-million impairment charge in its second quarter for a US$…
TSX VENTURE EXCHANGE AUG. 12-18
The period of Aug. 12-18 was another bearish one for the S&P-TSX Venture Composite Index. By the end of the period the exchange had lost another 91.71 points, bringing the cumulative loss from Jul…