China Inc buys another slice of the oilsands
Vancouver – Another year, another purchase by a state-owned Chinese energy company in Alberta’s burgeoning oilsands industry.
Canada
Enbridge touts pipeline demand as review continues
Vancouver – Building a nearly 1,200-km-long pipeline is inevitably challenging, but putting one through two provinces, the territory of dozens of first nations and long tracks of wilderness, only to emerge in a highly contentious port location…
Norway’s Statoil defends its turf in Alberta’s oilsands
Norway’s Statoil ASA (STO-N, STL-O) has long been considered one of the world’s leading offshore operators but lately it has turned its attention to Canada’s oilsands. The Company landed in Alberta in a big way back in 2007 via its $2 billion…
Magino holds promise for Prodigy Gold
Results from infill and resource expansion drilling at Prodigy Gold’s (PDG-V) Magino gold project in Ontario sent the junior’s shares up 10.34% to close at 64¢ yesterday. At presstime in Toronto Prodigy was trading at 59¢ per share…
Richmont’s Wasamac property shows potential
Shares of Richmont Mines (RIC-T) jumped $1.42 or 15.32% to $10.69 on drill results from its Wasamac property in Quebec and the company plans to expand its exploration program there by another 10,000 metres to 45,000 metres this year as part of…
Selwyn looks to Norway to fund ScoZinc mine restart
Vancouver – Selwyn Resources (SWN-V) is looking to raise US$30 million in a senior bond offering through Norway’s First Securities AS in order to restart operations at the company’s newly acquired ScoZinc zinc-lead mine in Nova Scotia.
Positive results for Lake Shore’s Thorne
Promising assays from Lake Shore Gold’s (LSG-T) Thorne gold property in Timmins, Ont., did little to lift the company’s shares. The junior has been trading near its 52-week low of $1.91 (Aug. 15, 2011) since releasing dismal second-quarter…
Keystone clears major hurdle
Hollywood actors, climate experts and other opponents of the proposed Keystone XL pipeline will have ninety days to prevent the final approval of the project after the U.S. State Department ruled on Friday that the pipeline would have “no…
Commentary: The Keewatin decision – A sea change in provincial control of natural resources?
An Ontario Superior Court, in Keewatin v. Ontario, has cast doubt on the validity of provincial forestry licenses in the Treaty 3 area of northwestern Ontario, which includes the Red Lake gold camp. Mining could also be at risk of litigation in…
Ocampo, meet Young-Davidson
AuRico Gold (AUQ-T, AUQ-N) wants to be the world’s next significant intermediate gold producer, and it has tabled a rich, all share offer for Northgate Minerals (NGX-T, NXG-X) to help it get there.
Venture edges down Aug. 22-26
Vancouver – The S&P TSX Venture composite index was fairly calm in the August 22 to 26 period, with the fluctuating gold price not translating directly to stock movements. Still, three days of losses outweighed two days of gains, leaving…
Gold Mountain up on Elk, financing
A junior led by Copper Mountain Mining’s (CUM-T) CEO, Jim O’Rourke, saw its shares jump as high as 50%, two days after it completed a qualifying transaction and a concurrent financing.