Happy Creek Minerals Ltd. would like to provide an update on its 100% owned Rateria property, located approximately 10 kilometres southeast of the Highland Valley Copper concentrator operated by Teck Cominco Ltd.
Exploration on the Rateria property in 2008 has comprised a 3D induced polarization and magnetic survey along with diamond drilling of eight widely-spaced holes [...]

Roca Mines Inc. reports that a possible new molybdenum system has been discovered in close proximity to the recently completed Adit #2 at the MAX Molybdenum Mine.
Drilling targeted a molybdenum biogeochemical anomaly with a surface footprint of 150 metres (m) X 350 m and centered approximately 200 m north of Adit #2. Two initial holes [...]

On July 6, 2008, Inmet Mining Corporation announced that it intends to make an all-cash offer (the “Offer”) for all of the outstanding common shares of Petaquilla Copper Ltd. (the “Company”) (Toronto:PTC.TO) at a price of $2.00 per share.
Until the Offer is formally commenced and has been reviewed, the Board of Directors is unable to [...]

Five months after it launched a failed bid to buy two of Canada’s largest metals producers, Arizona’s Phelps Dodge Corp. was itself swallowed by smaller rival Freeport-McMoRan Copper & Gold Inc., a $26-billion (U.S.) takeover that was driven in part by a promising African venture between Phelps Dodge and a small Vancouver company.
The cash and [...]

Canadian stocks may struggle to build on this month’s rally as energy producers such as Petro-Canada may fall along with oil prices.
Losses in the market may be limited after Alcan Inc. and Rogers Communications Inc. reported earnings that exceeded analysts’ estimates.
The Standard & Poor’s/TSX Composite Index may also be supported by higher prices for industrial [...]

Canadian gold miner Goldcorp Inc. has agreed to buy Reno, Nevada-based rival Glamis Gold Ltd. for about $8.6 billion in stock in a deal that will create one of the world’s largest gold producers.
The new company will have proven and probable reserves of about 41.1 million ounces of gold with focused operations in the Americas [...]

Canadian nickel miner Inco Ltd. , which plans to be acquired by Phelps Dodge Corp. , said on Monday it would open negotiations with unsolicited suitor Teck Cominco Ltd.
Inco urged shareholders to reject Teck’s existing takeover offer of C$19.6 billion (US $17.3 billion), but said the overture could potentially lead to a “superior proposal.”
As [...]

For Evy Hambro, who manages the world’s biggest mining fund at Merrill Lynch & Co., small is profitable.
Hambro steered the $6.6 billion fund to the best performance this year among 270 peers tracked by Standard & Poor’s by increasing investments in small and mid-sized companies. Shares of Hambro’s top performers, Perilya Ltd. of Australia and [...]

Inco Ltd., a nickel miner seeking to convince shareholders of Falconbridge Ltd. to accept its takeover offer, said second-half earnings will more than double from the first half because metal prices will remain high.
Profit excluding some items will be about $1.42 billion, or $6.17 a share, in the second half, assuming nickel prices of $12.01 [...]

The CEOs of Inco Ltd., Phelps Dodge Corp. and takeover target Falconbridge Ltd. stood staunchly behind what they called a winning deal yesterday, despite observers’ view the new bid does not guarantee victory in the heated mining battle.
“In my mind, it clearly is a knockout bid,” Falconbridge CEO Derek Pannell said in an interview.
Falconbridge’s board [...]