Eurasian Explores Haiti’s Rich Earth (October 12, 2009)
SITE VISIT — Note: Part 1 of this story was published last week, in the Oct. 5-11/09 edition of The Northern Miner. CAP HAITIEN, HAITI– When something goes wrong here,…
2009
Ivanhoe Signs Oyu Tolgoi Investment Agreement
After many tortuous years of nego t i at i o n , Canada’s Ivanhoe Mines (IVN-T, IVN-N) has finally signed a long-term investment agreement with the government of Mongolia to build and operate a US$4-b…
Osisko Funds Canadian Malartic
VANCOUVER– With another major financing agreement signed, Osisko Mining (OSK-T, OSKFF-O) has all the funds it needs to build a major new gold mine at its Canadian Malartic project.
Big Red Diamond Stakes Rare Earth Claims In Quebec
Big Red Diamond (DIA-V, BIGRF-O) has acquired a 100% interest in 88 claims over a 47.1-sq.-km area about 52 km northwest of Septles, in Quebec, that are very close to a showing of rare earth elements…
North American Palladium Raises $65M
After accepting and then rejecting an unpopular $50-million financing through 7% convertible notes, North American Palladium (PDL-T, PAL-X) has found a way to raise the money, and then some, via flow-…
Ivanhoe Seals The Deal
It’s one of those dramas that has carried on so long that its resolution is oddly underwhelming.
Mining Execs More Optimistic
— The following are the latest findings of the Mining Recruitment Group’s survey of more than 70 mining executives that was distributed and completed during the first week of August 2009. This survey…
People (October 12, 2009)
Colossus Minerals — Randy Reichert appointed president and COO; Vic Wall has resigned as president but becomes VP of exploartion; Augusto Kishida has resigned as VP of exploration but becomes VP of b…
2 Die In Mine Accident In Mexico
Two miners were killed on Sept. 26 at Dia Bras Exploration’s (DIB-V, DBEXF-O) Bolivar copper-zinc mine in Chihuahua, Mexico.
Mercator Minerals And Stingray Copper To Merge
Stingray Copper (SRY-T, SRYYF-O) shares bounced 37.5% or 18¢ to 66¢ apiece on news of its pending merger with Mercator Minerals (ML-T, MLKKF-O) — a deal that will transform the junior overn…
U.S. Markets – SEPT. 29 -OCT. 5
The Sept. 29-Oct. 5 reporting period continued to post red flags as the key U. S. market indicators declined for the second week in a row.
Timmins Gold Ramping Up At San Francisco Gold Mine
Timmins Gold (TMM-V, TMGOF-O) is ramping up to full production at its San Francisco heap-leach gold project in Sonora, Mexico.The first gold pour is expected in January and already, the company has been piling crushed ore on the heap-leach…