Gold One, First Uranium sign binding Ezulwini agreement

ASX- and JSE-listed Gold One has signed a binding agreement to buy TSX- and JSE-listed First Uranium’s Ezulwini mine, west of Johannesburg. Last month, First Uranium said it would sell its Ezulwini Mining Company to Gold One for $70-million to...

Mountain Province property spin-out cleans up firm for potential takeover

Mountain Province Diamonds said on Thursday it will unbundle the properties it owns around its joint venture with De Beers in Canada’s Northwest Territories, which could make it easier for the Anglo American unit to buy the TSX-quoted firm. CEO...

Coeur would mull holding silver over cash, says CEO

Idaho-based Coeur d’Alene Mines would at a future point consider holding some of its reserves in silver, as an alternative to keeping all of its money in the bank, CEO Mitchell Krebs told Mining Weekly Online on Wednesday. The silver and gold...

Adamus/Endeavour shareholders give nod to merger

The shareholders of TSX-listed Endeavour Mining and ASX-listed Adamus Resources have approved a merger between the gold juniors. The scheme agreement, which was announced in August this year, was still subject to a number of conditions, including...

Century Iron names Aubut new chair

Toronto-listed Century Iron Mines, which China’s Wuhan Iron & Steel owns one-quarter of, said on Monday it appointed Quebec lawyer Marcel Aubut as chairperson. Aubut, president of the Canadian Olympic Committee, is a partner with Canadian law...

Formation Metals credit facility terminated

Shares in TSX-quoted Formation Metals gave back nearly 13% on Thursday, after the company said its previously announced $80-million financing had fallen through. French bank BNP Paribas, which on the same day said third-quarter profit plunged...

Off to the main board for New Millennium and Prophecy

Two mining juniors are quitting kindergarten for big school on Wednesday, with iron-ore developer New Millennium Iron Corp. and Prophecy Coal, which has assets in Mongolia, both announcing approval to graduate to the TSX main board. Both had been...

New Gold snares additional properties around BC project

Vancouver-based New Gold on Monday unveiled two acquisitions to bulk up its ownership of the Blackwater property in central British Columbia, which it has said could be its biggest producer. In the first deal, New Gold will pay the equivalent of...

Silvercorp denies faceless fraud claims, shares slide

Shares in TSX-quoted Silvercorp plunged over 12% on Friday after the company, which owns silver mines in China, said it had received an anonymous letter from someone making fraud allegations, and claiming to have shorted its stock. The company...

Tom Dale

Full name: Thomas Graham Dale Position: CEO of the TSX- Aim- and JSE-listed Platmin Main activity of the company: Exploration, development and mining of platinum Date and place of birth: June 13, 1950, Manchester, England Education: St Michael’s...

Drill results send Canada Lithium 14% higher on TSX

Shares in TSX-quoted Canada Lithium Corp (CLQ) vaulted 14% higher on Thursday, after the company announced early results from a drilling programme at its Quebec project, and said it was on track to produce the battery making ingredient by late...

'Merger of equals' for Adamus and Endeavour

Gold juniors Endeavour Mining and Adamus Resources have entered into a definitive merger implementation agreement to create a West Africa-focused gold miner, with an production target of 172 000 oz for 2011. The merger between TSX-listed...