ARMZ’s $1.3B offer for Uranium One too low, analysts say
Uranium One (UUU-T) shareholders should “demand higher compensation” from majority owner ARMZ, which is bidding $1.3 billion to take the company private, one analyst says.
Canada
Alderon on track for iron ore production at Kami
Vancouver-based Alderon Iron Ore (ADV-T, AXX-X) has passed another milestone in a quest to put its Kamistiatusset (Kami) iron ore project in western Labrador into production by the end of 2015. On Jan. 9, the company announced the results of a…
Cameco closes Nukem acquisition
It took longer than expected, but Cameco (CCO-T, CCJ-N) has cleared all its regulatory hurdles and acquired nuclear fuel trader Nukem Energy GmbH.
Bayfield hits more high grade
With each new drill hole, Bayfield Ventures (BYV-V) is learning more about a high-grade gold-silver shoot that extends from its East Burns zone towards the Intrepid gold-silver zone on Rainy River Resources’ (RR-T) surrounding property.
Clifton Star hits PEA milestone at Duparquet
VANCOUVER — The way forward continues to come into focus for junior explorer Clifton Star Resources (CFO-V) at its multi-million ounce Duparquet gold property in northwestern Quebec — 50 km by road to the north of the mining town of…
[Update] Brigus looks to a brighter 2013
Brigus Gold (BRD-T, BRD-X) has hit its 2012 production target and is eyeing more gold production and growth in the new year.
Commentary: The case for random alcohol testing by employers in dangerous workplaces
On Dec. 7, 2012, the Supreme Court of Canada heard argument on the subject of random alcohol testing by employers in dangerous workplaces. The case arose from a union grievance and arbitration challenging the policy of Irving Pulp & Paper…
Harry Winston sells jewelry arm to Swatch for $1 billion
VANCOUVER – Eight years after getting into the jewelry sector, Harry Winston Diamond (HW-T) is locking in its gains and getting out, selling its luxury retail unit to Switzerland’s Swatch Group in a $1-billion deal.
TSX Venture continues to climb, Jan. 7-11
VANCOUVER — The S&P TSX Venture Composite Index posted a second consecutive gain during the Jan. 7-11 trading period, rising 0.98% to 1,240.25 points for a 12.02 point weekly jump.
Karnalyte scores foreign investment for Wynyard
VANCOUVER — Alberta-based Karnalyte Resources (KRN-T) received a financial boost in its drive to develop its wholly-owned Wynyard potash project — located outside the township of Wynyard, Saskatchewan — when India’s…
Gold Reach climbs on more long Ootsa intercepts
VANCOUVER – Drills continue to return long mineralized intercepts from the West Seel zone at Gold Reach Resources’ (GRV-V) Ootsa property in northwest British Columbia.
Metanor steps into the future
Make a wrong turn while driving along the streets of one of Canada’s great mining towns and you may feel you’ve gone through a portal into the past.