Canadian Mining Journal


  • News

    MERGER: Cameco ups Hathor offer to $4.50/share, all cash

    November 14, 2011 by Canadian Mining Journal Editor

    SASKATOON – Cameco Corp. has raised its offer for Hathor Exploration to $4.50 per Hathor share, 8.4% above the $4.15/share offer made by Rio Tinto last October and 20% above Cameco’s initial bid of $3.75/share in August 2011. The most recent…

  • News

    URANIUM RESOURCE: Uracan files 43-101 for Double S zone

    November 7, 2011 by Canadian Mining Journal Editor

    QUEBEC – Vancouver-based Uracan Resources has filed an upgraded 43-101 report for the Double S zone at its North Shore uranium property 60 km east of the deep-water port at Havre St. Pierre. The zone has an indicated resource of 21.5 million…

  • News

    Rio Tinto makes recommended all-cash offer of C$4.15 per share for Hathor Exploration

    October 19, 2011 by Canadian Mining Journal Editor

     Rio Tinto, through its indirect wholly owned Canadian subsidiary (“Rio Tinto”), and Hathor Exploration Limited, has agreed that Rio Tinto will make an offer to acquire all of the common shares of Hathor for C$4.15 in cash per common share.

  • News

    COPPER-URANIUM-GOLD PROJECT: Olympic Dam gets environmental nod

    October 11, 2011 by Canadian Mining Journal Editor

    AUSTRALIA – The federal and South Australian governments have approved the environmental impact statement submitted by BHP Billiton for the expansion of its Olympic Dam copper-uranium-gold mine. The project, that reportedly carries a…

  • News

    URANIUM DEVELOPMENT: Cigar Lake ore to be milled at McClean Lake

    October 6, 2011 by Canadian Mining Journal Editor

    SASKATCHEWAN – Cameco of Saskatoon and its partners in the Cigar Lake uranium development has signed a memorandum of understanding to mill all ore from the Cigar Lake mine at the McClean Lake mill.

  • News

    PERSPECTIVE: Hathor, Cameco square off for fight

    September 15, 2011 by Canadian Mining Journal Editor

    SASKATOON and VANCOUVER – Two weeks after Cameco made a hostile bit of Hathor Exploration, the uranium miner and the uranium explorer look to be bracing for a fight.

  • News

    MERGER: Hathor rejects Cameco offer

    September 14, 2011 by Canadian Mining Journal Editor

    VANCOUVER – The board of Hathor Exploration has unanimously rejected the unsolicited takeover bid from Cameco of Saskatoon. The special committee examining the offer noted that Hathor shares have been trading above the offer price, and…

  • News

    URANIUM STUDY: Roughrider PEA puts NPV at $1 billion

    September 13, 2011 by Canadian Mining Journal Editor

    SASKATCHEWAN – Vancouver’s Hathor Exploration has completed an encouraging preliminary economic assessment for two of three zones at its Roughrider uranium project in the Athabasca Basin.

  • News

    MERGER: Cameco makes hostile bid to acquire Hathor Exploration in $520M deal

    August 29, 2011 by Canadian Mining Journal Editor

    SASKATOON – Cameco, one of the world’s leading uranium producers, has announced its intention to acquire Hathor Exploration of Vancouver. Cameco is making an all-cash offer of $3.75 per Hathor share, a 33% premium over Hathor’s 20-day volume…

  • URANIUM EXPLORATION: Matoush project closer to reality

    August 3, 2011 by Canadian Mining Journal Editor

    QUEBEC – The Matoush uranium mine belonging to Strateco Resources of Boucherville, QC, is a step or two closer to reality with the granting of underground exploration permits. Both the Canadian Nuclear Safety Commission and the Federal Review…

  • News

    REO-URANIUM STUDY: Pele Mountain’s Eco Ridge start-up to cost US$212 million

    July 6, 2011 by Canadian Mining Journal Editor

    ONTARIO – Toronto-based Pele Mountain Resources has released the results of the preliminary economic assessment of its Eco Ridge uranium and rare earths project in Elliot Lake. The mine and a 9,400-t/d plant would generate two-thirds of its…

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    Mali’s Minister of Mines visits Canadian uranium mine site

    May 31, 2011 by Canadian Mining Journal Editor

    Mali’s Minister of Mines, the Honourable M. Amadou Cisse, recently toured Rockgate Capital Corp.’s Falea project, the only potential uranium mine in Mali.