Teck goes ahead with Aqqaluk (May 31, 2010)
VANCOUVER –After months of uncertainty, Teck Resources (TCK. B-T, TCK-N) has said it will develop the Aqqaluk deposit at its Red Dog zinc mine in northwestern Alaska.
Volume 96 Number 15 - May 31 - June 6, 2010
Western Copper denial justified
In regards to the article “Western Copper permit denial casts shadow on Yukon permitting process” ( T. N. M., May 24-30/10), the record needs to be set straight.
TORONTO STOCK EXCHANGE -May 18-21
Continued worries over the euro zone banking sector combined with rising tensions on the Korean peninsula had a negative impact on the TSX composite index as it fell nearly 500 points to finish the ho…
TSX VENTURE EXCHANGE -May 18-21
The S&P/TSX Venture composite index fell again during the shortened May 18 to 21 trading period, losing 132.87 points in three days before recovering with a 31.58-point gain on the last day to clo…
U.S. MARKETS -May 18-24
Investors bailed out of the markets as worries escalated about Europe’s evolving debt crisis and tensions rose between North and South Korea. The Bank of Spain’s move over the weekend to seize regiona…
Goldcorp defends mining practices (May 31, 2010)
While Goldcorp (G-T, GG-N) discussed plans for production growth and dividend increases at its annual shareholders’ meeting in Toronto on May 19, much of the conversation surrounded the gold miner’s p…
Cliffs makes play for majority stake in Big Daddy
A battle for control over the high-grade Big Daddy chromite deposit in the McFauld’s Lake area of nor thwes tern Ontar io has erupted. For the moment, it looks like KWG Resources (KWG-V) and Spider Re…
SouthGobi looks to reverse slide
Realigning an open-pit mine and large losses have dampened the recent market enthusiasm for SouthGobi Resources (SGQ-T) and its Ovoot Tolgoi coal project in Mongolia.
Argentinian porphyry attracts Peregrine Metals (May 31, 2010)
Peregrine Metals (PGM-T) is fast-tracking a preliminary economic assessment (PEA) on a solvent extraction-electrowinning (SX/EW) copper heap-leaching operation for its near-surface higher-grade copper…
B2Gold expands potential of Nicaraguan gold mines (May 31, 2010)
VANCOUVER — B2Gold (BTO-T) has hit long and high-grade gold intercepts as part of a drill program to extend the life of its 100%-owned La Libertad open-pit gold mine in central Nicaragua.
PEOPLE (May 31, 2010)
Abacus Mining & Exploration — James Excell appointed a director.
Commodities sink in jittery markets
The twentieth trading week of the year was characterized by a wide retreat in commodity prices as doubts grew regarding the health of the global economy in the face of continued sovereign debt problem…