BHP approves Misery project at Ekati
BHP Billiton (BHP-N, BLT-L) gave a thumbs-up to its Misery open-pit project at the Ekati diamond mine near Yellowknife, N.W.T., on May 9.
2011
Tough times for TSX
It was rough ride for investors over the May 2-6 period as the TSX Composite Index fell 383 points to finish up at 13,601.49. The drop was severe enough, and accompanied by enough volume, to ignite worries that a significant correction to the…
Huge sell-off in U.S. equities, Apr. 29-May 6
U.S. equities posted heavy losses as commodities plunged and economic data showed weekly applications for unemployment insurance rose to an eight-month high. The Dow Jones Industrial Average dropped 171.8 points or 1.34% to close the Apr….
Friendly Manitoba remains HudBay’s happy home (May 09, 2011)
With three operating underground mines, another under construction and more than 4,000 sq. km of prospective land to explore all in northern Manitoba, HudBay Minerals (HBM-T, HBM-N) has no plans to leave the province anytime soon, even with two…
Crowflight’s fresh start at Bucko Lake
With a new management team, a few hundred million more shares outstanding, a new head-office city, and a different mining strategy all instituted in recent months, Crowflight Minerals (CML-T) looks to be the same company in name only, and even…
Western Potash expands resource
Western Potash (wpx-v) has boosted measured resources by 55%, indicated resources by 34% and inferred resources by 25% at its Milestone potash project in Saskatchewan, about 50 km south of Mosaic’s (mos-n) Belle Plaine mine, one of the world’s…
Premier updates Hardrock
After two years of exploration, measured and indicated resources have jumped by 269% to 2.5 million oz. at Premier Gold Mines’ (PG-T) 70%-owned Hardrock gold project near Geraldton in northwestern Ontario. Inferred resources have grown by…
Industry group worries about rare-earth supply
How fast Chinese exports of rare earths get to zero is the $64,000 question, Keith Delaney, executive director of the Rare Earth Industry and Technology Association, told participants on a private conference call on March 31.
Corsa advances coal operations in Pennsylvania despite weather delays
Despite being nearly two months behind schedule, shareholders of Corsa Coal (CSO-V) reacted positively to news that the company’s Wilson Creek metallurgical coal processing plant in Pennsylvania will be commissioned and fully functioning by the…
Peruvian tailings issues hurt Century
Peru’s Ministry of Mines has allowed Century Mining (CMM-V) to resume milling and processing operations at its San Juan gold mine after the ministry completed an evaluation of the mine’s tailings dams. The company has yet to downgrade its gold…
Soltoro finds new bonanza-grade silver structure
Drill results from the previously untested Soledad structure on Soltoro’s (SOL-V) El Rayo silver project in Mexico’s Jalisco state, 100 km southwest of Guadalajara, have revealed high-grade silver over significant widths in a near-surface ore…
Extorre finds high-grade zone at Cerro Morro
A new high-grade discovery at Extorre Gold Mines’ (XG-T, XG-X) Cerro Morro gold project in southern Argentina has propelled its share price to an all-time high.