Vale may sell part of its base metals division
After paying almost US$20 billion for Inco in 2006, Vale (NYSE: VALE) says it may sell a portion of its base metals division to unlock value.
Canadian Mining Journal Staff
Posts by Canadian Mining Journal Staff:
GIVING: Help Noront bring Christmas to First Nations in Ring of Fire
As the holiday season draws nearer, Noront Resources' employees are organizing the Sixth Annual Ring of Fire Christmas Fund. Over the past five years, the fund has raised more than $75,000 in donations. That ensured that each child under the...
GOLD: Lake Shore closes $15M flow-through deal
ONTARIO – Toronto-based Lake Shore Gold has closed a bought deal private placement financing for $15 million. The company issued 12.9 million flow-through common shares at a price of $1.17 each. The shares were bought by a syndicate of...
GOLD: Marathon reports high recoveries from Leprechaun tests
NEWFOUNDLAND – Marathon Gold Corp. of Toronto calls metallurgical tests of ore from its Leprechaun gold deposit in the central part of the province "very positive." The results of several bench scales tests indicated that direct...
NICKEL: Westhaven drills 150+ metres of 0.18% Ni and 0.010% Co at Ben
BRITISH COLUMBIA – Westhaven Ventures of Vancouver recently completed a nine-hole drill program at its Ben property 50 km north of Williams Lake. The best intersection was 153.7 metres of 0.18% Ni and 0.010% Cu starting from the bedrock...
Scotiabank’s Patricia Mohr favours base metals in 2015
Patricia Mohr, vice-president economics and commodity market specialist at Scotiabank in Toronto, will release her metal price forecasts for 2015 in her annual year-end report just before Christmas. But she agreed to share some of her thoughts...
URANIUM: Gryphon high grades add to Wheeler River for Denison
SASKATCHEWAN – Denison Mines Corp. of Toronto has received the last of the assays from the summer drill program on the new Gryphon zone at the Wheeler River property between the Key Lake mill and McArthur River uranium deposit in...
GRAPHITE: Wide, high grade graphite zone discovered at La Loutre project
QUEBEC – Canada Strategic Metals of Montreal has identified high grade, near surface graphite mineralization at its La Loutre graphite project in the Mont-Laurier area. Assays have been received from five of the 25 holes that were...
GOLD: Condemnation drilling at Lamaque returns 101 g/t
QUEBEC – Vancouver-based Integra Gold Corp. finds itself in a bit of a dillema at its Lamaque gold project in Val d'Or. After the site for the Triangle deposit was chosen, two condemnation holes intersected considerable gold...
Trevali finds more mineralization at Stratmat
Trevali Mining (TSX: TV; US-OTC: TREVF) has found a new mineralized body outside of the current 2009 resource at its Stratmat zinc-lead-silver-copper-gold project in New Brunswick.
URANIUM: Fission hits 32%+ U3O8 on line 735E at PLS
SASKATCHEWAN – Fission Uranium Corp. of Kelowna, BC, continues its successful drilling program at the Patterson Lake South property in the Athabasca Basin and reports the final 18 holes drilled on the R780E zone. All the holes encountered...
GOLD: IDM drills two new high grade zones at Red Mountain
BRITISH COLUMBIA – Vancouver-based IDM Mining says drilling at its Red Mountain gold project 15 km northeast of Stewart has discovered two new zones – Marc Extension and Cambria – outside the current resources.
ROYALTY: Guatemalan congress passes large increase
GUATEMALA – Late last week the Guatemalan congress passed legislation to significantly boost the mining royalties in that country. No other changes were proposed for the mining law, leaving miners to wonder if the country is trying to...
NEW ADDRESS: Tetra Tech consolidates in Vancouver
VANCOUVER – Tetra Tech EBA and WEI needs more office space, so the company is moving into a single building on Jan. 5, 2015. About 500 professional engineers and scientists will then occupy five floors of 885 Dunsmuir St, Suite 1000 (10th...
Greenland advances Tanbreez rare earths project
Critical Metals (Nasdaq: CRML) has won Greenland government approval for the mining and closure plans at its Tanbreez rare earths project, clearing […]