Henry Lazenby

New Gold starts formal takeover bid for Rainy River Resources

NYSE- and TSX-listed New Gold has formally started its takeover bid to buy Canadian precious metals explorer Rainy River, the companies jointly announced on Tuesday. The C$3.83-a-share offer represented a premium of 67% to the volume-weighted...

Orbite Aluminae clinches offtake deal with Glencore International

Quebec-based specialist alumina producer Orbite Aluminae has inked an offtake agreement that would see commodity-trading giant Glencore Xstrata subsidiary Glencore International buy all the smelter-grade alumina (SGA) to be produced by Orbite at...

Verde Potash’s final exploration reports approved

The final exploration reports for TSX-listed Verde Potash’s Cerrado Verde mineral licences were given the nod by the National Department of Mineral Production (DNPM), paving the way for the fertiliser developer to submit an economic development...

Pangolin Diamonds discovers second kimberlite within Botswana project

TSX-V-listed explorer Pangolin Diamonds on Tuesday announced that it had discovered a second kimberlite pipe within its 1 545 km2 Tsabong North project, in Botswana. The company’s newly discovered Magi-02 kimberlite had an aeromagnetic anomaly...

Alcoa completes capacity upgrades for 3rd gen aluminium/lithium alloys

US-based aluminium refiner Alcoa has completed the second-phase expansion of aluminium/lithium alloy capacity at its Kitts Green facility, in the UK, to better serve the growing demand for the company’s third-generation aluminium/lithium...

Canada raises absolute liability for offshore drill operators

The Canadian government on Tuesday announced it would raise the absolute liability for energy companies operating offshore Atlantic Canada and Arctic Canada to $1-billion to align accountability with international standards. Natural Resources...

Aldridge gains full ownership of Turkish flagship project

Turkey-focused project developer Aldridge Minerals on Monday announced that it had exercised its option to earn a 100% working interest in its flagship Yenipazar polymetallic volcanogenic massive sulphide project in the country, after it delivered...

Shell celebrates a decade of oil sands production in the Athabasca basin

Global fossil fuels major Royal Dutch Shell on Monday celebrated a decade of oil sands production as operator of the Athabasca oil sands project. Starting with just a handful of employees, over the last ten years Shell had built an oil sands...

Royal Nickel announces $1.1bn NPV for Quebec nickel project

Royal Nickel, which is working to develop the Dumont nickel project in Ontario’s Abitibi mining camp, on Monday announced a bankable feasibility study had demonstrated a technically and economically sound project with an after-tax net present...

Veris Gold lifts Nevada mine’s compliant reserves

TSX-listed miner Veris Gold has lifted the National Instrument 43-101-compliant proven and probable mineral reserves at its fully owned Jerritt Canyon gold mine, in Elko County, Nevada, with 211 900 oz to 1.14-million ounces. The updated reserves...