NON-MERGER: LSE, TSX part ways
LONDON, U.K. - The London Stock Exchange and TMX Group, owner of the TSX, have abandoned their attempted merger. The LSE cited lack of shareholder support for its offer.
Canadian Mining Journal Staff
Posts by Canadian Mining Journal Staff:
PHILANTHROPY: Barrick, Wilkins family donate $5.5M to global health
(Contributed by the Ontario Mining Association)
GOLD STUDY: PEA gives F2 system at Phoenix project bright prospects
ONTARIO - Rubicon Minerals of Toronto has released the results of the preliminary economic assessment for the F2 system at its Phoenix gold project in the Red lake Gold Camp. The PEA was prepared by AMC Mining Consultants (Canada) with...
BASE METALS STUDY: Buchans buoyed by PEA for Lundberg project
NEWFOUNDLAND - Buchans Minerals Corp. of Windsor, NS, is pleased with the results of the preliminary economic study of its 100%-owned Lundberg base metal project near Buchans. The PEA is based on a 5,000 t/d open pit and milling operation over...
GOLD MINING: Meadowbank ramping up after kitchen fire
NUNAVUT - Toronto-based Agnico-Eagle Mines is ramping up production at its Meadowbank gold mine near Baker Lake following a fire in March that completely destroyed its kitchen, dining room and canteen. A temporary kitchen is on site, and...
GOLD DEVELOPMENT: Rambler juggles three project on Baie Verte Peninsula
NEWFOUNDLAND - Rambler Metals and Mining of Baie Verte, NL, has three gold projects on the go on the Baie Verte Peninsula. All are advancing as planned.
LABOUR RELATIONS: Quadra FNX renews contract for Sudbury Operations
ONTARIO - Quadra FNX Mining of Vancouver has signed a new 36-month collective labour agreement for its mining operations in Sudbury. The agreement includes competitive wage and benefit increases through June 30, 2014. The bonus structure...
AWARD: Pelican Products executive wins E&Y’s Entrepreneur of the Year
LOS ANGELES - Pelican Products president and CEO Lyndon Faulkner has won the 2011 Ernst & Young Entrepreneur Of The Year® Award (Greater Los Angeles Region) in the Distribution and Manufacturing category. The award program...
Klondike eclipsed by Northern Ontario gold mines
(The following has appeared in numerous Northern Ontario newspapers and was submitted by the author.)
GOLD DEVELOPMENT: Northgate updates Young-Davidson construction
ONTARIO - To the end of May 2011, Northgate Minerals of Vancouver has spent $170 million on its Young-Davidson gold project near Matachewan, and the project is remains on schedule and on budget. The first gold pour is scheduled for the first...
COPPER RESOURCES: Little Deer deposit expands over 60%
NEWFOUNDLAND - Cornerstone Capital Resources of Mount Pearl, NL, and joint venture partner Thundermin Resources of Toronto are pleased with the increased resource estimate for their Little Deer copper project 10 km north of Springdale. The...
MINING PEOPLE IN THE NEWS: Aurizon, Castle Resources, GeoMegA and Rio Novo
George N. Paspalas is joining Aurizon Mines of Vancouver as its new president and CEO, effective Aug. 15, 2011. Current president and CEO David Hall will become chairman at that time. Paspalas is a graduate of the University of New South Wales...
MERGER: LSE, Maple launch bidding war for TSX
TORONTO - A bidding war appears to have broken out in the contest to take over the Toronto Stock Exchange. The original suitor, the London Stock Exchange, increased its offer by $300 million to be paid as a $4 per share special dividend,...
POTASH DEVELOPMENT: BHP Billiton commits further US$488-M to Jansen project
SASKATCHEWAN - BHP Billiton has approved the spending of another US$488 million, what it calls "pre-commitment capital", at its Jansen potash project near Lanigan. The funds will be used for site preparation and purchasing long lead time items...
Q2 Metals drills 404 metres at 1.57% lithium at giant Cisco in Quebec
Q2 Metals (TSXV: QTWO; US-OTC: QUEXF) has drilled its best hole yet at the Cisco lithium project – which it estimates as […]