Exchange rates
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
2011
Allana Potash grows resource at Dallol in Ethiopia
An updated resource estimate based on 40% of Allana Potash’s (AAA-V, ALLRF-O) licensed land in Ethiopia is better than the company expected.
Aurizon expands Hosco resource
Drilling between April 2010 and January 2011 has boosted measured and indicated in-pit resources by 31% at Aurizon Mines’ (ARZ-T, AZK-X) Hosco deposit, part of the gold producer’s Joanna project in northwestern Quebec.
Orosur to buy Chilean artisanal gold mine
Orosur Mining (OMI-V, OMI-L) does things a little differently than its Canadian counterparts. For starters, the company’s head office is in Montevideo, Uruguay, where its chief executive officer, David Fowler, also resides.
Malbex finds new zone, wraps up drill program
Malbex Resources (MBG-V) wrapped up its 2010/2011 drill program at the Del Carmen gold-silver project in Argentina’s San Juan province, saying it now has enough data to calculate a resource estimate for the Rojo Grande target by year-end.
Taseko posts Q1 profits, new mine plan
Taseko Mines (TKO-T, TGB-X) saw higher first-quarter profits compared to last year, but still fell below the market’s expectations.
Alamos drills new gold zone near Agi Dagi
Gold miner Alamos Gold (AGI-T) has delineated a new gold zone near its Agi Dagi gold project in Turkey that it believes has the potential to develop into a “stand-alone” project, according to a company news release dated June 16.
Wolfpack Gold to be born
Looking to make the most of their respective low-profile gold projects in the U.S., Seabridge Gold (SEA-T) and Golden Predator (GPD-T) have teamed up to spin out the properties into Wolfpack Gold.
Commentary: Navigating the new UK Bribery Act
The UK Bribery Act 2010 has received significant press coverage in the United Kingdom and abroad. It will be important for Canadian mining companies with a U.K. nexus to understand its implications, in particular given that Canadian junior…
US National Mining Hall of Fame and Museum to induct four new members
The 2011 National Mining Hall of Fame and Museum (NMHFM) inductees in the U.S. represent a cross-section of the industry from the coal, marble and lead sectors to metallurgical and processing research and development.
Letter to the editor: China Coal and Mei Feng
In the article “China Coal Aims to Become a Mid-Tier Producer,” (TNM, May 30-June 5, 2011), statements were made in respect to China Coal and its intended acquisition of the operating interest in the Mei Feng coal mine.
Suppliers news
Vale awards $600M contract for Long Harbour