Rio Tinto cuts emissions, boosts production at Kitimat
VANCOUVER — Mining giant Rio Tinto (NYSE: RIO; LSE: RIO) has produced the first aluminum cast from its 60-year-old Kitimat smelter in B.C. since its extensive, US$4.8-billion upgrade.
Canada
TSX Venture tumbles, July 6-10
The S&P/TSX Venture Composite Index had a six-month low during the trading sessions, dropping 4.4%, or 29.60 points, before finishing at 640.98 points. Investors monitored the Greek debt crisis and Chinese stock market, while commodity…
Abitibi Royalties inks three deals in 30 days
Within a month of launching an online platform that junior mining companies and prospectors can use to pitch their properties to Abitibi Royalties (TSXV: RZZ; US-OTC: ATBYF), CEO Ian Ball says the company has received 41 submissions…
Aston CEO outlines potential at Storm copper project
Despite an uphill battle in raising funds, Aston Bay Holdings’ (TSXV: BAY) founder and CEO Benjamin Cox remains upbeat on the copper potential at the junior’s Aston Bay property in Somerset Island, Nunavut.
Silver Wheaton circles the wagons against CRA challenge
VANCOUVER — The Canada Revenue Agency (CRA) has taken the first shot in what is likely to become a protracted legal battle with streaming outfit Silver Wheaton (TSX: SLW; NYSE: SLW), and the results could affect the…
TSX drops, July 6-10
Canada’s benchmark index tumbled 1.9% to 14,411.07 after a weak jobs report, the continuing debt crisis in Greece and a slump in China’s stock market. The S&P/TSX Capped Diversified Metals & Mining Index fell 5.5% to 630.99,…
BC government sets mandate for Mount Polley start-up
VANCOUVER — Imperial Metals (TSX: III; US-OTC: IPMLF) has been given the green light to temporarily resume operations at Mount Polley, 56 km northwest of Williams Lake, B.C., provided the company meets a number of…
Denison, Fission join forces in the Athabasca
VANCOUVER — Lukas Lundin’s Denison Mines (TSX: DML; NYSE-MKT: DNN) and exploration powerhouse Fission Uranium (TSX: FCU; US-OTC: FCUUF) have agreed on a deal that could create the second-largest pure uranium…
Bathurst geologist Baldwin celebrated
A plaque honouring geologist Ben Baldwin was unveiled in May at the Promenade Waterfront in Bathurst, N.B. Baldwin discovered zinc-lead mineralization in rocks near Austin Brook as he prepared his thesis while studying at the University of New…
Auryn to buy North Country Gold
If the past is any guide, Shawn Wallace has a knack for spotting good projects. Last year, the mining executive sold a company that he co-founded called Cayden Resources to Agnico Eagle Mines (TSX: AEM; NYSE: AEM) for a tidy $205…
Odds ‘n’ sods: No good deeds go unpunished at drill job in the Yukon
Our company was completing a drill program out of Mayo, Yukon Territory, in February 1996. We had to build an ice bridge over the McQuesten River, plus 21 km of winter road to the top of Red Mountain (5,000 feet elevation) and complete 5,000…
Western Potash’s redesign attracts $80M Chinese investment
China-based private equity firm Beijing Tairui Innovation Capital Management has decided to invest $80 million for a 51% stake in Western Potash (TSX: WPX) after the junior unveiled a less expensive mine plan for its Milestone potash project in…