Suppliers News (February 21, 2011)
TMX buys 50% of MinesOnline
Canada
Goldcorp on the cusp of announcing details of updated study for lonore
When Goldcorp (G-T, GG-N) acquired Éléonore in March 2006 from what is now Virginia Mines (VGQ-T) in a US$425-million deal, the project had no reserve or resource estimate, just a lot of speculation on how big it was going to get…
Fire River Gold completes PEA on Nixon Fork gold mine
Capital costs to resume production at Fire River Gold’s (FAU-V, FVGCF-O) flagship Nixon Fork underground gold mine in Alaska are estimated at US$6.3 million with a projected payback of three months according to a preliminary economic assessment.
Taseko to add capacity at Gibraltar mine
Taseko Mines (TKO-T, TGB-X) wants to take advantage of robust copper prices and expand capacity at its 75%-owned Gibraltar mine in the Cariboo region of British Columbia and Williams Lake.
Vanadium: metal of future and present.
Lithium has grabbed much of the headlines over the last few years when the subject of key metals of the future comes up. But more and more investors are paying attention to vanadium for the metals unique attribute of fitting in with two future…
Promising results at Fayolle for Typhoon Exploration
A ten-metre intercept averaged 7.14 grams gold per tonne at Typhoon Exploration’s (TYP-V) 100%-owned Fayolle project in Quebec’s Abitibi region.
Northgate Minerals updates resource at Kemess
Northgate Minerals (NGX-T, NXG-N) has boosted its indicated resource tonnes by 18% and its contained gold and copper by 10% and 9% respectively at its Kemess underground project in north-central British Columbia.
Editorial: US budget folly to extend commodities boom
U.S. politics veered into the surreal this week, as U.S. President Barack Obama unveiled a deficit-laden, US$3.73-trillion budget proposal for fiscal 2012 that completely ducks the critical issue of unsustainable spending by the U.S. government…
People (February 14, 2011)
ArcelorMittal – Simon Wandke appointed as a VP and mining division’s chief commercial officer of marketing and sales.
Suppliers News (February 14, 2011)
Caterpillar to build factory in Thailand
Lake Shore adds to position in Northern Superior (February 14, 2011)
Lake Shore Gold (LSG-T) has increased its ownership in Northern Superior Resources (SUP-V) to 25.5% by privately buying more than 6.7 million shares at 80¢ each.
New assays at Borden Lake for Probe Mines (February 14, 2011)
Assay results from the first seven holes of a second-phase drill program at its Borden Lake gold project near Chapleau, Ont., have extended the gold zone about 300 metres northwest of previous drilling, Probe Mines (PRB-V) reports.