On the diamond trail
At home and away, Canadian-listed diamond explorers are on the hunt. Here’s a look at what some of these juniors are doing to find the next generation of diamond (and…
Africa
Allana just keeps on growing Dallol
Allana Potash (AAA-V) continues to define what is shaping into a world class potash play in Ethiopia. The company has grabbed the market’s attention over the last 12 months with shallow depth intercepts of up to 37.8 % KCl and now Allana says…
Barrick bids for Equinox (April 25, 2011)
The board of Equinox Minerals (eqn-t, eqn-a) is withdrawing its bid for Lundin Mining (lun-t) and endorsing instead an all-cash takeover bid of $8.15 per share from Barrick Gold (abx-t, abx-n), which values the company at about $7.3 billon. The…
Gold Fields cuts deal with Iamgold
Gold Fields (GFI-N, GFI-J) wants as much control over its key mining assets as it can get, and is buying Iamgold’s (IMG-T, IAG-N) minority stake in a project in Ghana.
Giustra shell joins rush for West African iron ore (April 25, 2011)
Investors have come to expect share-dilutive deals from Frank Giustra, one of Howe Street’s best known and most followed penny stock promoters. This does not seem to make the deals any less appealing, however, given the promoter’s past…
Banro: Where there’s smoke there’s fire
Just a few days after announcing that a document regarding a possible takeover was a fake, Banro (BAA-T, BAA-X) has announced that it will team up with a major Chinese gold mining firm to develop its large swath of gold properties in the…
Rumors propel Banro shares
Banro (BAA-T, BAA-X) says it was nothing more than a rumor but whatever its merit an unspecified document sent the company’s shares surging over a three-day period. While the company would offer no direct information as to the nature of the…
Semafo says it’s business as usual in Burkina Faso as military revolts
Montreal-based Semafo (SMF-T) says operations at its flagship Mana gold mine in Burkina Faso have not suffered any disruptions as a result of recent military unrest across the country. Over the past few days, packs of soldiers in several small…
Pacific Wildcat confirms rare earths in Kenya (April 18, 2011)
A first round of drill results from the Mrima Hill rare earth-niobium project in southeastern Kenya has given Pacific Wildcat Resources’ (PAW-V) share price a major boost.
Early Canaco investor buys large stake in Silvore Fox
Vancouver – A Chinese group which invested heavily in Tanzania-focused gold explorer Canaco Resources (CAN-V) just before its discovery of the Handeni gold deposit has recently added to its large interest in Nova Scotia base-metal explorer…
Gold Fields and Iamgold finally cut deal on Tarkwa
Gold Fields (GFI-N, GFI-J) wants as much control over its key mining assets as it can get, and with an eye towards that end the company is buying out Iamgold (IMG-T, IAG-N) from a project in Ghana. Gold Fields announced it has a deal in place…
French Green Party meddles with Rockgate’s uranium exploration plans
Vancouver – Along with many other uranium explorers or producers these days, Mali-focused explorer Rockgate Capital (RGT-T) remains valued at roughly half the level it traded at before the March 11 earthquake in Japan and the resulting crisis…