Bidding War Erupts For Frontera Copper
A bidding war is emerging for Frontera Copper (FCC-T, FRCPF-O) that is pitting the Invecture Group against Southern Copper Corp. (PCU-N).
2009
Sacked CEO Fights To Replace Polar Star Board
Polar Star Mining’s (PSR-V, POSRF-O), ex-president and CEO Douglas Willock is rallying shareholders to help him replace the company’s board of directors — namely, executive chairman Stephen G. Roman.
Golden Hope Hits New Mineralization
Assay results from Golden Hope Mines (GNH-V, GOLHF-O)’ Bellechasse property confirm the company has hit upon a second mineralized body at its Quebec gold project.
Xstrata Chops Jobs, Output In Sudbury
Continued low nickel prices are forcing Xstrata (XSRAF-O, XTA-L) subsidiary Xstrata Nickel to accelerate the downsizing of its nickel mining and milling assets in Ontario’s Sudbury basin.
Orex Adds Zones At Goldboro
Strong results from Orex Exploration’s (OX-V) drilling in Nova Scotia helped secure the Rouyn- Noranda, Que.-based junior some market momentum.
Forsys Grows Valencia
Forsys Metals (FSY-T, FOSYF-O) continues to grow the Valencia uranium deposit in Namibia, even though the project will not likely be under its control for much longer.
Tanzanian Royalty Strikes Deal With Kazakh Africa
Tanzanian Royalty Exploration Corp.’ s (TNX-T, TRE-X) shares climbed 5% to $4.39 per share following news it had signed an agreement with Kazakh Africa Mining involving its diamond licences in the Mwa…
‘Porkulus’ To Stoke Inflation
The financial world during the fifth trading week of the year was dominated by the haggling in Washington, D. C., over the size and content of the federal government’s unprecedentedly large stimulus b…
Andean Resources Cuts High-Grade Gold In Argentina
VANCOUVER — Deep stepout drilling on the Eureka West vein has expanded the size of zones showing bonanza-grade gold for Andean Resources (AND-T, AND-A) at its Cerro Negro property in the province of …
Rio Tinto Sells More Assets To Pare US$37B Debt
Rio Tinto (RTP-N, RIO-L) continues to hack away at its immense debt load with sales to Vale (RIO-N) of its undeveloped potash assets in Argentina and Canada and an iron ore mine in Brazil for US$1.6 b…
People (February 16, 2009)
ATW Gold — Graham Harris appointed chairman; David Stone appointed COO.
World Crude Steel Production Falls 1.2%
World production of crude steel fell 1.2% between 2007 and 2008, with production weighing in at 1.33 billion metric tonnes last year, according to a report released by the World Steel Association.