ArcelorMittal offers $433M for Baffinland
VANCOUVER — ArcelorMittal (MT-N) has bested an unsolicited private equity bid for Baffinland Iron Mines (BIM-T) by 38% and has secured the support of Baffinland’s board of directors.
Volume 96 Number 39 - Nov 15 - 21, 2010
Ventana produces La Bodega resource, scoping study
VANCOUVER — Two and a half years ago Ventana Gold’s (VEN-T) first hole into the La Bodega gold project in Colombia returned 107 metres grading 7.81 grams gold per tonne. Now, 266 drill holes later, L…
Champion posts PEA for Fire Lake North iron
VANCOUVER — Champion Minerals (CHM-T) has released a positive preliminary economic assessment (PEA) on its Fire Lake North iron project in northeastern Quebec.
Mountain Province securing $23M
On the back of a positive feasibility study for the Gahcho Ku diamond project in Canada’s Northwest Territories, Mountain Province Diamonds (MPV-T, MDM-X) is looking to raise $23 million.
Western Copper doubles down on Casino
SITE VISIT CARMACKS, YUKON — Western Copper’s (WRN-T) Casino gold-copper- molybdenum deposit in the Yukon is huge. Standing atop the hill in its centre, the bright orange flags that mark…
BHP’s bid for Potash Corp. blocked (November 15, 2010)
VANCOUVER — The Canadian government has rejected BHP Billiton’s (BHP-N) US$39-billion hostile takeover bid for Potash Corp. of Saskatchewan (POT-T, POT-N).
Federal gov’t deals TKO to Prosperity mine
VANCOUVER — The federal government has decided to block Taseko Mines (TKO-T, TGB-X) from developing an open-pit mine at its Prosperity copper-gold project in central British Columbia, citing “concern…
SPOT PRICES (November 15, 2010)
COURTESY OF SCOTIABANK
LME WAREHOUSE LEVELS (November 15, 2010)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 8, 2010 (change from Nov. 1 in brackets):
Lithium Americas steps up Cauchari
SITE VISIT SUSQUES, JUJUY PROVINCE, ARGENTINA ARGENTINA — What once was overlooked as a clay basin is now set to become one of the largest lithium brine deposits in the world by 2014.Lithium Americas’ (LAC-T) flagship Cauchari project…
Blue Sky taps into Argentina’s uranium
Drawing comparisons to similar types of uranium deposits in Australia and Namibia, Blue Sky Uranium (BSK-V) believes its new grassroots uranium find in Argentina’s Rio Negro province has the potential to be economically attractive at grades…
Thompson Creek’s fine Q3
VANCOUVER — Higher molybdenum prices and increased output helped Thompson Creek Metals’ (TCM-T) increase third quarter revenue and profits while it continues to advance the recently acquired Mt. Mill…