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MERGER

Atlantic Gold eyes merger with Canadian firm

ASX-listed junior Atlantic Gold on Monday announced its intention to merge with TSX-listed Spur Ventures. The two companies have signed a heads of agreement, under which Spur would acquire all the ordinary shares of Atlantic. Atlantic...
7th April 2014
 
MINING SURVEY

Alberta top Canadian jurisdiction in global mining survey, Quebec sinking fast

Alberta remains the most attractive jurisdiction for mining investment in Canada, according to the yearly global survey of mining executives released by Canadian public policy think-tank the Fraser Institute. For the second consecutive year,...
4th March 2014
 
OIL SANDS

India’s OVL eyes oil sands assets in Canada

ONGC Videsh Limited (OVL), the overseas arm of Indian oil exploration and production major ONGC Limited, was scouting for oil sand assets in Canada, marking a beginning by setting up an office in Calgary. According to a senior ONGC official, the...
24th January 2014
 
GOLD

Brigus Gold lifts output from Ontario mine

Halifax, Nova Scotia-based Brigus Gold has lifted its third-quarter gold output from the Black Fox mine in Timmins, Ontario, 17% quarter-on-quarter, placing the company on track to achieve its full-year guidance. During the quarter ended September...
9th October 2013
 
GOLD

Gold remains top investment choice – Brigus

Despite volatility in the gold sector over the past few months, gold remained – and would for the next few years remain – a worthwhile investment, NYSE- and TSX-listed Brigus Gold chairperson and CEO Wade Dawe averred on Tuesday. In a letter...
28th August 2013
 
CAPITAL RAISING

LionGold raises funds to pursue gold assets

Singapore-listed LionGold would look to raise up to S$202-million through a share placement and warrant issue to fund its acquisition drive. “The S$200-millio we have proposed raising will provide LIonGold with a war chest to take advantage of...
15th August 2013
 
GOLD

Despite rising output, Brigus Gold posts Q2 loss

NYSE- and TSX-listed Brigus Gold this week posted a net loss of $4.74-million for the second quarter, despite selling 22% more ounces of gold, as a lower realised gold price and higher production costs per ounce sold hurt earnings. The company,...
13th August 2013
 
BC EXPORTS

BC expected to top export growth charts in 2 yrs, coal hit hard

Back-to-back double-digit increases will vault British Columbia's (BC’s) international exports to the top of the growth charts over the next two years, despite the expectation that coal exports will decline by 12% in 2013, Export Development...
17th May 2013
 
ENERGY MINERALS

North America becoming big coal exporter as domestic consumption declines

The North American coal industry is in transition; a significant decline in domestic consumption means that it is becoming a significant exporter of the fossil fuel to emerging economies, especially those in Asia.
29th March 2013
 
COAL

North America becoming big coal exporter as domestic consumption declines

The North American coal industry is in transition; a significant decline in domestic consumption means that it is becoming a significant exporter of the fossil fuel to emerging economies, especially those in Asia. The domestic US coal market has...
28th March 2013
 
ECONOMIC GROWTH

Atlantic Canada’s economy set to improve in 2013 – RBC Economics

Unexpected production disruptions and delays across Atlantic Canada slowed economic growth this year, but the region is well positioned to see this improve next year, the latest RBC Economics 'Provincial Outlook', issued today, has found. RBC...
13th December 2012
 
ALUMINA

Orbite Aluminae granted option to acquire Nova Scotia clay property

TSX-listed Orbite Aluminae has entered into an agreement with a private company for an exclusive three-year option to acquire mineral claims and exploration rights of the Chaswood kaolin clay and sand property located in Halifax, Nova Scotia....
16th November 2012
 
 
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