Drilling planned for Whitefish Lake property
Vancouver — Encouraged by northern Ontario’s diamond potential, Kennecott Canada Exploration has initiated diamond drilling at the Whitefish Lake and KAP properties, near Wawa.The program is testing …
Rio Tinto plc
Deal paves way for Diavik diamond mine
Vancouver — An agreement has been reached among local native leaders, the federal government and Diavik Diamond Mines regarding the environmental reclamation bond and other land-use issues affecting …
Diversity key to Southwestern Gold’s strategy
Southwestern Gold (SWG-T) has dealt itself an enviable hand in the resource sector. In addition to exploring for gold, silver and base metals in Peru, Chile and China, the Vancouver-based junior is hu…
Ekati’s success fuels Great Canadian Diamond Play
A variation of DeBeers’ marketing moniker “diamonds are forever” might well apply to the diamond exploration sector: for many investors, it seems that “diamond exploration is forever,” given the time …
Uranium exploration shows renewed signs of life
While uranium exploration isn’t what it was during its glory years a few decades ago, a high-grade discovery made by Cameco (CCO-T) at the La Rocque Lake claims in northern Saskatchewan has spurred se…
Manitoba convention to explore regional geology, competitiveness
The Manitoba mining and minerals convention will be held at the Winnipeg Convention Centre from Nov. 18 to 20.This year’s convention, titled “Investing Together for the Future,” will feature business …
Higher output propels Freeport
Higher production and sales resulted in a second-quarter profit for Freeport-McMoRan Copper & Gold (FCX-N).The company earned US$19 million (or 12 cents per share) during the 3-month period ended June…
Winspear unveils Snap Lake results
The NW Snap Lake kimberlite dyke can no longer be said to have the richest per-carat values ever reported in the Northwest Territories. Results from the first half of a 6,000-tonne surface bulk sample…
Freeport hunkers down and goes — Grasberg solidifies status as world’s lowest-cost copper producer
James Moffett, the no-nonsense chairman of Freeport-McMoRan Copper & Gold (FCX-N), once predicted that if copper prices “went in the dumper,” his company’s Grasberg mine in Indonesia and BHP’s Escondi…
Rio Tinto plans share repurchase
British mining giant Rio Tinto (RTP-N) hopes to take advantage of depressed market conditions by buying back 10% of its shares.The move is intended to provide Rio with greater flexibility in managing …
RTZ-CRA changes name
The dual-listed company formed by the merger of British-based RTZ and Australian-based CRA will henceforth be listed under two names: Rio Tinto PLC and Rio Tinto Ltd., respectively.The companies merge…