VANCOUVER — With big mineral deposits becoming harder to find and even harder to put into production thanks to social and political hurdles, a small but growing group of companies are looking to the sea floor as their next source of…
VANCOUVER — Toronto-listed explorer Intrepid Mines (IAU-T, IAU-A) is the latest victim in an ongoing nationalization saga in the South Pacific. On June 28 an unknown entity seized control of its Indonesian joint-venture partner, Indo…
An investment firm managed by Egyptian multi-billionaire Naguib Sawiris called Weather II has launched a $500 million takeover bid for La Mancha Resources (LMA-T) at $3.50 per share in cash—a 56% premium to the junior’s closing…
Rio Tinto (RIO-N, RIO-L, RIO-A) will spend billions of dollars to advance and upgrade some of its highest-profile assets.At its sprawling Pilbara iron-ore operation Western Australia, the company has committed US$3.7 billion to boost capacity,…
Ever since the great bull-run in uranium prices leading into 2008 investors have been waiting for the second leg up.
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date July 2 June 29 June 28 June 27 June 26 US$ in C N/A 1.0191 1.0333 1.0257 1.0265 …
Aldridge Minerals (AGM-T) has added its name to a growing list of mining companies leaving or looking to leave Papua New Guinea (PNG).
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date June 25 June 22 June 21 June 20 June 19 US$ in C 1.0303 1.0260 1.0251 1.0194 1.0178 …
New Gold (NGD-T, NGD-N) brings online a fourth mine with the timely start up of its New Afton gold-copper mine, near Kamloops, B.C.
VANCOUVER — When big-time global miner Xstrata PLC (XTA-L) put its US$5.3-billion Frieda River copper project in Papua New Guinea on the market in late June, there were a few raised eyebrows at the state of affairs in the small Melanesian…
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date June 18 June 15 June 14 June 13 June 12 US$ in C 1.0266 1.0244 1.0247 1.0270 1.0268 …
VANCOUVER — Rio Tinto (RIO-N, RIO-L) has announced billions of dollars in capital commitments to advance and upgrade some of its most high-profile assets.
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