Matthew Hill

Pebble project to absorb $107m this year

The owners of the Pebble copper/gold asset in Alaska, Anglo American and Northern Dynasty, have signed off on a $107-million 2012 work programme for the controversial project. The money will go towards continuing environmental studies, drilling,...

Osisko says to restart production in 'near term' after fire

Osisko Mining, which suffered a fire at its flagship Canadian Malarctic in Quebec last week, said on Monday it would resume production at reduced levels “in the near term”. The part of the mill the conflagration mainly damaged, the No 4...

Royal Nickel's revised prefeas study improves numbers

Canada’s Royal Nickel on Monday said it tweaked a November prefeasibility study for its Dumont nickel project, in Quebec, boosting its net present value by 31% to $1.4-billion. Improved recoveries and incorporating so-called trolley assist...

Rights issue, loans send White Tiger tumbling on TSX

Shares in Canadian junior White Tiger Gold plunged more than 50% in early Toronto trade after the company announced loan deals with its two biggest shareholders, and that it would pay new stock to them expanding its issued share capital by some...

Cameco buys uranium trader Nukem for $136m

Cameco, the biggest listed uranium producer, agreed to pay private equity firm Advent International €105-million, or $136-million, for nuclear fuel trader Nukem to deepen its involvement in marketing and secure alternative supplies, the company...

HudBay taps debt markets for $400m

HudBay Minerals, which produces base metals in Manitoba and plans on building the Constancia copper project in Peru, aims to raise $400-million in a notes offering, it said on Monday. The money will go towards its Manitoba projects and building...

TNR says received merger approach from unnamed firm

Toronto-listed junior TNR Gold Corp has received an offer from an unnamed company to merge with it to acquire its disputed Argentinean copper-gold properties, the company said late on Friday. TNR did not say what company made the proposal or how...

Strike cripples production at Paladin's Malawi uranium mine

Malawi’s move last week to delink its currency from the US dollar, devaluing by 50%, had an unwelcomed side effect for uranium miner Paladin –workers at its Kayelekera mine in the north of the country on Friday downed tools after the company...

First Quantum buys 19.9% stake in Peru-focused junior

Base metals miner First Quantum on Friday said it bought a 19.9% stake in Zincore Metals, which owns copper and zinc projects in Peru, for a total of C$7.5-million. The TSX-listed junior had said on May 8 First Quantum took up a stake of some 10%...

Glencore unit’s Q1 suffers from $14.5m DRC tax penalty

Katanga Mining, the Congo copper producer Glencore owns, said on Friday first-quarter net profit shrunk to $5-million, about one-eighth of the figure it reported for the same period one-year ago. The TSX-listed company said a $14.5-million...