Eight new mines to open in BC by 2015, but which ones are they?
B.C.’s new premier, Christy Clark, has unveiled a new jobs plan for the province that is long on rhetoric and short on details.
Canada
Timing is everything for Highland Valley union
Ask not what you can do for Teck, but what Teck can do for you.” Such is the motto of United Steelworkers Local 7619, which represents 1,050 of the 1,250 workers at Teck Resources’ (TCK.B-T, TCK-N) Highland Valley copper mine near Kamloops,…
Foundation, Alto tally Coldstream resource
Foundation Resources (FDN-V) and Alto Ventures (ATV-V) have released an initial compliant resource for their 60–40 split East Coldstream project in northwestern Ontario.
Agnico’s Boyd has the answers
Investors in Agnico-Eagle Mines (AEM-T, AEM-N) have two things on their minds these days, said the company’s president and CEO Sean Boyd at the Denver Gold Forum in September.
Detour Gold to acquire Trade Winds
In a move to gain more flexibility exploring the Detour Lake camp, Detour Gold (DGC-T) has proposed a friendly takeover of Trade Winds Ventures (TWD-V) for $84 million.
Teck to make big BC investments
Looking to boost internal growth, Teck Resources (TCK.B-T, TCK-N) plans to ramp-up production at its western Canadian coal operations and make significant upgrades to two processing facilities in B.C.
TerraX rises on assay-less Newfoundland drilling update
TerraX Minerals (TXR-V) has released its second assay-less drilling update in less than a month from its Stewart gold-copper project in Newfoundland’s Burin Peninsula. Shares of the company climbed 8¢, or 26%, on the news, closing at…
Xstrata Coal buys Cline’s Lossan deposit
Xstrata’s (XTA-L) subsidiary Xstrata Coal has struck a deal to buy Cline Mining’s (CMK-T) wholly owned Lossan coal deposit in B.C.’s Peace River coalfield for $40 million in cash.
Major Drilling neatly scoops up Bradley Group
Less than a month after the proposed deal was first announced, Major Drilling Group International (MDI-T) closed out September by wrapping up its acquisition of smaller, fellow drilling company Bradley Group Ltd. of Rouyn Noranda, Que.
Greenlight advancing east-coast lithium project
Vancouver – Eastern Canada-focused Greenlight Resources (GR-V) is testing a new lithium extraction process that could be used at its Brazil Lake project, while it continues to expand its overall property holdings.
Ucore reports positive recoveries from Bokan Mtn REE project
Vancouver – Metallurgical testing on Ucore Rare Metals’ (UCU-V) Bokan Mountain project in southeastern Alaska has shown encouraging recoveries for both light and heavy rare earth elements.
Venture continues downward slide Sept. 26-30
Vancouver – The S&P TSX Venture Composite Index had another tough week, dropping 78.91 points in the September 26 to 30 period to end at 1,467.17 points. Volume remained elevated with an average of 98.5 million shares traded daily.