Volume 97 Number 15 May 30 - Jun 5, 2011

ArcelorMittal invests $2.1B in Quebec

ArcelorMittal (MT-N) is spending $2.1 billion to expand its Mont-Wright mining complex and Port-Cartier pellet plant near Fermont in northern Quebec. 

Cline slumps on production delays, dilutive financing

Investors disappointed with Cline Mining’s (CMK-T, CLNMF-Q) early morning announcement on May 16 that coal production in 2011 is going to be lower than expected at its recently reopened New Elk coal mine in Colorado were hit with more…

Quaterra picks up past producer in Nevada

The 1970s were not kind to the Anaconda Copper Company. Its properties were expropriated in Chile and the company was eventually taken over by Arco, an oil and gas company that wasn’t interested in the copper producer’s mineral assets, which…

Drillers at Southern Arc Minerals' West Lombok gold-copper project on Indonesia's Lombok Island. Photo by Southern Arc Minerals

Southern Arc outlines wide zone

On one a tough day on the market for miners, Southern Arc Minerals (SA-V) defied the trend and made a solid gain on the back of its latest drill results.

Mining Association of British Columbia CEO Pierre Gratton (centre) with award winners Jim O'Rourke (left) and Robert Pease (right). Photo by Mining Association of BC

MABC honours O’Rourke, Pease

The Mining Association of British Columbia (MABC) has co-awarded Jim O’Rourke of Copper Mountain Mining (CUM-T) and Robert Pease of Terrane Metals as 2010’s “Mining Person of the Year.”

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