People (April 25, 2011)
African Aura Mining – Steven Poulton resigned as a director.
Canada
Manitoba brings copper for HudBay, VMS
HudBay Minerals (HBM-T, HBM-N) and VMS Ventures (VMS-V) have a high-grade copper project on their hands right in the safe confines of Manitoba.
Positive PEA pumps Prodigy (April 25, 2011)
Junior explorer Prodigy Gold (PDG-V) got a warm reception on the market after releasing a positive preliminary economic assessment (PEA) for its Magino gold project in northern Ontario.
Suppliers news (April 25, 2011)
Geotech buys new chopper
Ursa Major hits milestones
Since resuming mining a year ago from the West pit at its Shakespeare nickel-copper-platinum group metals (PGM) mine in Ontario, which was closed in 2008 due to weak metal prices, Ursa Major Minerals (UMJ-T) has regained its momentum.
Western Copper updates Casino study
Western Copper (WRN-T, WRN-X) has released an updated prefeasibility study for its sizable but remote Casino gold-copper-molybdenum project in the Yukon, three years and a commodity-price rollercoaster ride after the first.
Quadra FNX releases initial Victoria resource
Vancouver – A first resource estimate for Quadra FNX Mining’s (QUX-T) Victoria project has established a new high-grade, deep polymetallic project in the Sudbury district.
Kaminak begins $15-million Yukon drill program
Vancouver – After one of the most successful first-pass drilling programs in the Yukon last year, Kaminak Gold (kam-v) has returned with plans to drill up to 45,000 metres in 2011 on its 100% owned Coffee gold project in the White Gold district.
Teck doubles adjusted profit in Q1
Vancouver – Teck Resources (TCK.B-T, TCK-N) has more than doubled first quarterly adjusted earnings compared with last year on strong copper and coal prices.
Capstone bids $725 million for Far West, partners with KORES
Vancouver – Capstone Mining (CS-T) has made a $725 million bid for Far West Mining (FWM-T) for its Chilean copper project while bringing on Korean partner KORES to front the cash.
Venture sees straight losses in April 11-15 period
Vancouver – The April 11 to 15 period was a rough one for the S&P TSX Venture Exchange as the board’s straight gains the period before were wiped out by straight loses, with the Venture dropping 97.88 points to end at 2,290.91 points….
Five perspectives on oilsands closure
Much of the discussion these days around oilsands extraction in Alberta has focused on what the area can and should look like after closure.