Sherritt offers $704M for Royal Utilities
Royal Utilities Income Fund (RU. UN-T) shares surged 20% after Sherritt International (S-T, SHERF-O) announced plans to buy out Canada’s largest thermal coal producer for $704 million.
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Gammon Gold sees class action claim
Gammon Gold (GAM-T, GRS-X) is denying allegations of stock-option manipulation in response to an $80-million class action lawsuit that may be the first of its kind in Canada.
Geologix cuts strong grades at San Agustin
VANCOUVER — The polymetallic San Agustin deposit in Durango, Mexico, continues to demonstrate its growth potential for Geologix Explorations (GIX-V, GXEXF-O) in advance of a resource estimate due out…
TSX VENTURE SHORT POSITIONS (March 31, 2008)
Short positions outstanding at Mar. 15/08 (with changes from Mar. 1/08)
C2C buys Ecuadorian gold mine
C2C Gold (CCN-V, CCNOF-O) has bought a 50% interest in the Paraiso- Pambil mine on the Bella Rica property in Ecuador, which has produced about 25,000 oz. gold per year over the last 23 years.
2007: A record year for mining mergers
VANCOUVER — Mining industry mergers and acquisitions soared to record levels in 2007, fuelled by a new corporate philosophy of “eat or be eaten,” plus an effort to stay competitive in the growing glo…
Arian confirms gold, copper resource at Tepal (March 31, 2008)
VANCOUVER — A recent resource estimate for Arian Silver’s (AGQ-V, AGQ-L) Tepal porphyry project in Mexico confirms historic estimates and adds more than 1 million contained ounces gold plus considera…
Tahera puts itself on the block
Failing diamond miner Tahera Diamond( TAH-T, TAHEF-O), which has been under creditor protection since January, has put itself up for sale, hiring financial advisory firm Franklin Capital Partners to f…
China’s Tibet policies back on the front burner
The holiday-shortened week ended March 22, the twelfth trading week of 2008, was a time for most market participants to catch their collective breath after the tumultuous gyrations in the world’s stoc…
PEOPLE (March 31, 2008)
CanAlaska Uranium — Victor Fern appointed a director.
No end in sight for moly rally (March 31, 2008)
Diminishing inventories, surging steel consumption and the widening scope of end-uses for molybdenum will sustain the current rally in prices for the base metal, according to the CPM Group, a New York…
New Velardena vein for ECU (March 31, 2008)
VANCOUVER — A new vein discovery at the Velardena property in Durango state, Mexico, gave ECU Silver Mining (ECU-T, ECUXF-O) a market boost recently.