Staccato eyeing Eureka gold
Vancouver — Aiming to prove that the best place to look for a new mine is near an old one, Staccato Gold Resources (CAT-V, STCGF-O) set out four years ago to acquire a large land position in Nevada, …
News
Rio Tinto earns US$7.4B in 2006
Surging demand from China for iron ore and copper resulted in a record-setting year for Rio Tinto (RTP-N, RIO-L) in 2006, but the company expects to see some moderation in 2007.
Mining sector faces human resource crisis: Conference Board (February 19, 2007)
Vancouver — Despite high commodity prices and robust exploration activity, Canada’s reserves of base and precious metals are declining rapidly and much more activity will be required to sustain the s…
Globex and co. seek Tennessee zinc
A Toronto-based private group has agreed to buy the Smith Cty., Tennessee zinc mines formerly operated by Pasminco, and plans to go public in a $20-million financing.
Committee Bay delivers Aussie high-grade
Vancouver — Redemption joint-venture partners Committee Bay Resources (CBR-V, CBYRF-O) and Focus Minerals (FML-A) like what they see so far in drilling at the Perseverance gold deposit in the Coolgar…
Editor’s picks: top stories of the week (February 19, 2007)
No commodity has more questions marks around it right now than uranium, with its very tight supply and continued projections of steep demand increases as the world returns in a big way to nuclear powe…
People (February 19, 2007)
Phelps Dodge — David Elliott appointed VP of cobalt marketing for the Phelps Dodge Sales unit.
Pacifica to spin off non-Selwyn projects
Vancouver — Aspiring zinc developer Pacifica Resources (PAX-V, PCFRF-O) plans to reorganize itself into a pair of new companies to better realize market value for its mineral projects outside of its …
African mining conference draws masses
Cape Town, South Africa — On strong commodity prices and a sustained bull market, the opening day of the 12th annual Mining Indaba conference attracted more than 4,000 delegates to hear about the ong…
Egypt wants role on global mining stage
While the recent trend in some developing countries has been to decry foreign direct investment and increase state control over mineral assets, Egypt seems to be moving in the opposite direction.
Centerra weathers stormy 2006
As its fourth-quarter results laid bare, 2006 was not a banner year for Centerra Gold (CG-T, CAGDF-O).
Toronto Stock Exchange February 6-12
The TSX Composite Index couldn’t maintain the all-time high it set last period, falling 126.1 points to 13,166.69 over the Feb. 6-12 trading period.