Volume 97 Number 37 Oct 31 - Nov 6, 20111 45

Surface facilities at Agnico-Eagle Mines' Goldex gold mine in Quebec. Photo by Agnico-Eagle Mines

Agnico closes, writes off Goldex

In a significant blow to its bottom line, Agnico-Eagle Mines (AEM-T, AEM-N) has been forced to indefinitely shut down and write off its Goldex underground gold mine in Val-d’Or, Que., because of the mine’s physical instability.

Canpotex's newest vessel, the U-Sea Colonsay. Photo by Canpotex

U-Sea Colonsay sets sail

The second of nine new vessels to be operated by Canpotex through a joint venture with Copenhagen-based U-Sea Bulk has been delivered, and is expected to arrive at the Neptune Terminals facility in Vancouver’s North Shore on Nov. 7 to load…

Hathor Exploration CEO Mike Gunning at the Roughrider uranium project in Saskatchewan. Photo by Trish Saywell

Rio Tinto outbids Cameco for Hathor

Rio Tinto (RIO-N, RIO-L, RIO-A) has swooped in with an all-cash, $578-million bid for uranium explorer Hathor Exploration (HAT-T) and its world-class Roughrider uranium project in Saskatchewan’s Athabasca Basin.


Alcoa – Michael Pepper appointed president of Alcoa Power and Propulsion business unit.

The work camp at Hard Creek Nickel's Turnagain nickel project in northwestern B.C. Photo by Matthew Allan

Hard Creek cuts capex by $1.6B at Turnagain

Metallurgical advancements have led Hard Creek Nickel (HNC-T) to release a new preliminary economic assessment (PEA) for its flagship Turnagain low-grade nickel project in northwestern B.C. 

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