Crowflight restarts Manitoba nickel mine

Vancouver-based Crowflight Minerals has restarted mining at its Bucko Lake nickel operation in Manitoba, the firm said on Monday. Crowflight said in early October that it would temporarily halt Bucko Lake to address operational issues, set up its...

Crowflight to restart nickel production in Manitoba

TSX-listed Crowflight Minerals said on Wednesday it would restart mining at its Bucko Lake operation in Manitoba next month, where it aims to produce around five-million pounds of nickel in 2011. The company said it will spend $15-million on...

Crowflight completes financing, announces CEO departure

TSX-listed Crowflight Minerals has appointed director Kevin Zhu as interim CEO, after chief executive Mark Trevisiol resigned with immediate effect, the firm said on Monday. Crowflight has also issued a C$10-million secured convertible debenture...

Crowflight issues C$10m debenture to shareholder King Place

TSX-listed Crowflight Minerals will issue a C$10-million secured convertible debenture in a private placement to biggest shareholder King Place Enterprises and has also agreed to changes to its board of directors, the company said on Monday....

Crowflight still battles issues at Bucko Lake

Nickel-miner Crowflight Minerals will miss its productiont target for this month at the Bucko Lake mine, in Manitoba, the company said on Friday. The mill was unavailable six days early in September for relining of the nickel concentrator rod...

Crowflight still talking to Jinchuan on offer

Nickel-miner Crowflight Minerals is still in negotiations with representatives from China's Jinchuan Group on a potential takeover of the company, Crowflight said on Friday. The offer technically expired on August 31, but talks continue and...

Crowflight won't meet cost, output forecasts for 2010

Canadian nickel-miner Crowflight Minerals does not expect to meet its 2010 guidance for production and costs, and will provide updated forecasts later in the year after reviewing its operating plans, the firm said late on Monday. Crowflight said...

Jinchuan offers C$150m for nickel miner Crowflight

China's Jinchuan Group has made a C$150-million cash offer for Toronto-based Crowflight Minerals, which operates the Bucko Lake nickel mine in Canada's Manitoba province. Shares in the Canadian company jumped 41,18% on Tuesday morning, to C$0,24...

Crowflight posts Q4 loss after write down

Canadian nickel miner Crowflight Minerals recorded a fourth-quarter net loss of C$22,3-million, compared with a C$28,9-million profit a year earlier, the company said on Thursday. The net loss figure included a C$33,7-million pre-tax write down...

Crowflight closes private placement

TSX-listed Crowflight Minerals raised C$11,55-million in a private placement financing, and will use the funds for the continued ramp-up of its Bucko Lake mine, in Manitoba, as well as for “general corporate and working capital purposes”, the...

Crowflight aims to restart Bucko Lake by end-Feb

TSX-listed Crowflight Minerals plans to restart mining at its Bucko Lake nickel mine, in Manitoba, by the end of this month, the company announced on Monday. Milling operations and shipments of concentrate will get under way soon afterwards, in...

Crowflight halts Bucko Lake to complete development

TSX-listed Crowflight Minerals has announced it will immediately suspend all production and lay off employees at its Bucko Lake nickel mine, in Canada's Manitoba province. The company, which posted a C$2,9-million loss for the third quarter, said...