S Business

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OMA to Highlight Benefits of Mining at Queen´s Park

The Ontario Mining Association will be working to shine the spotlight on the benefits to Ontario´s society and economy from mining during Meet the Miners day at Queen´s Park on Wednesday, March 25, 2009. The OMA and its members are planning a variety of activities to remind politicians, public servants and others about the importance of mining to our modern lifestyle.

by NationTalk on January 20, 2009893 Views

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NNAPF Organisational Review: Special Message To NNAPF Stakeholders

Dear Stakeholder:

The National Native Addictions Partnership Foundation (NNAPF) is in the process of conducting an organizational review. A key component of this organizational review is the need to gather stakeholder views on NNAPF’s mandate, priorities and activities, performance, representation, resourcing and governance.

by NationTalk on January 20, 2009923 Views

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Suncor Energy reports financial results for 2008 and operational goals for 2009

All financial figures are unaudited and in Canadian dollars unless noted otherwise. Certain financial measures referred to in this document are not prescribed by Canadian generally accepted accounting principles (GAAP). For a description of these measures, see “Non-GAAP Financial Measures” . This document makes reference to barrels of oil equivalent (boe). A boe conversion ratio of six thousand cubic feet of natural gas: one barrel of crude oil is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Accordingly, boe measures may be misleading, particularly if used in isolation. Suncor’s outlook includes a production range of +5%/−10% based on our current expectations, estimates, projections and assumptions for the 2009 fiscal year. Uncertainties in the estimating process and the impact of future events can and will cause actual results to differ, in some cases materially, from our estimates.

Calgary, Alberta (January 20, 2009) – Suncor Energy Inc. today reported 2008 net earnings of $2.137 billion ($2.29 per common share), compared to $2.983 billion ($3.23 per common share) in 2007. Excluding unrealized foreign exchange impacts on the company’s U.S. dollar denominated long-term debt, the impact of income tax rate reductions on opening future income tax liabilities, and project start-up costs, 2008 earnings were $3.013 billion ($3.23 per common share), compared to $2.390 billion ($2.59 per common share) in 2007. Cash flow from operations in 2008 was $4.463 billion, compared to $4.009 billion in 2007.

by NationTalk on January 20, 2009826 Views

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StrataGold Increases The Dublin Gulch Eagle Zone Deposit Indicated Gold Resource By 37% To 2.7 Million Ounces

January 14, 2009 — Vancouver, BC – StrataGold Corporation (SGV-TSX) (“StrataGold” or the “Company”) is pleased to announce that a new independent National Instrument (NI) 43-101 Mineral Resource estimate for the Eagle Zone Deposit has been completed by Wardrop Engineering Inc. StrataGold has increased the Indicated Resource of the Dublin Gulch Eagle Zone Deposit in the Yukon Territory, Canada by 37% to 2.690 million ounces of gold. The new Mineral Resource estimate incorporates 13,057.65 metres (m) of drilling from 2006-2008 into the previously-stated resource estimate (see news release dated February 27, 2006).

by NationTalk on January 20, 2009857 Views

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Stornoway Reports 144 CPHT in Large Tonnage Hibou Dyke Sampling

TSX: SWY
SWY 09-02
January 15th, 2009

Stornoway Diamond Corporation (TSX-SWY) is pleased to provide diamond recovery results on a 544 tonne trench sample extracted from the Hibou Dyke, located at the Foxtrot Property in North Central Québec. The Foxtrot Property, which includes the Renard kimberlite pipes and the Lynx-Hibou system of kimberlite dykes, is a 50:50 joint venture with SOQUEM INC. (“SOQUEM”). The new result represents the highest diamond content yet observed at Hibou. In total, 781.41 carats of diamonds were recovered from 543.86 tonnes (dry weight) of kimberlite, representing an overall diamond recovery of 144 carats per hundred tonnes (cpht) for stones retained on a +1 DTC screen.

by NationTalk on January 19, 2009815 Views

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IOGC to Host Information Sessions for Industry Companies

Information Sessions

IOGC to host information sessions for industry companies
IOGC will be hosting two information sessions on February 18, 2009 for those industry companies with leases on First Nation reserve lands that are impacted by Alberta’s New Royalty Framework. IOGC has previously sent letters listing impacted leases to those companies that are affected. The sessions are intended to help these companies perform calculations of royalties for First Nations.

by NationTalk on January 19, 2009881 Views

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Athabasca Potash Inc. Has Engaged SNC-Lavalin to Provide Pre-feasibility Study Services on the Burr Project

Saskatoon, Saskatchewan –(Jan. 19, 2009) – Athabasca Potash Inc. (“Athabasca” or the “Company”) (TSX:API) is pleased to announce that it has engaged SNC-Lavalin Inc. to provide pre-feasibility study services on the Burr Project adjacent to the PCS Lanigan Mine located 107 kilometers east of Saskatoon, Saskatchewan.

by NationTalk on January 19, 20091616 Views

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Government of Canada Provides Further Support for Business Development in the Yukon

2-3113

WHITEHORSE, YUKON (January 16, 2009) – The Honourable Vic Toews, President of the Treasury Board, on behalf of The Honourable Chuck Strahl, Minister of Indian Affairs and Northern Development and Federal Interlocutor for Métis and Non-Status Indians, today announced funding toward a number of economic and business development projects spearheaded by the Whitehorse Chamber of Commerce ( WCOC ).

by NationTalk on January 18, 2009998 Views

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2008 Another Strong Year for B.C. Mineral Exploration

NEWS RELEASE
For Immediate Release
2009EMPR0001-000048
Jan. 15, 2009

Ministry of Energy, Mines and Petroleum Resources

VANCOUVER – Mineral exploration activity in the province reached $367 million in 2008, with 98 projects spending in excess of $1 million, announced Minister of State for Mining Gordon Hogg today.

by NationTalk on January 15, 20091058 Views

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Kivalliq Reports 2.24% U3O8 Over 1.5 metres From the Lac Cinquante Deposit: New 3-D Model of the Deposit Reveals Potential for Expansion Along Trend and at Depth

January 15, 2009

Vancouver, B.C. – Kivalliq Energy Corporation (KIV: TSX-V) is pleased to report further results of an initial exploration program on the near-surface, historical 11.6 million pound** uranium deposit at Lac Cinquante, Nunavut. Results from logging and assaying of historical drill core as well as new computerized modeling of the deposit are reported here and results from the regional exploration of the greater Angilak property are being compiled and will be released when ready.

by NationTalk on January 15, 2009763 Views

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Kitimat LNG Obtains Environmental Approvals, Signs Agreement With Mitsubishi Corporation for LNG Terminal

Global energy leader to acquire equity stake and terminal capacity for unique West Coast export facility

Calgary, Alberta –(Jan. 13, 2009) – Kitimat LNG Inc. and Mitsubishi Corporation (“Mitsubishi”) announced today that they have signed a Heads of Agreement under which Mitsubishi will acquire terminal capacity and an equity stake in Kitimat LNG’s proposed liquefied natural gas (LNG) export terminal.

by NationTalk on January 13, 2009982 Views

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Crosshair Maintains Labrador Claims

Vancouver, British Columbia –(Jan. 13, 2009) – Crosshair Exploration & Mining Corp. (TSX:CXX)(NYSE Alternext US:CXZ) (“Crosshair”) provides further information regarding its land package in Labrador following Crosshair’s January 7, 2009 News Release announcing that Crosshair and Target Exploration and Mining Corp. (“Target”) agree to combine to create a solid North American uranium asset base. Crosshair currently controls 7133 claims (178,325 hectares) in the Central Mineral Belt (CMB) of Labrador.

by NationTalk on January 13, 2009923 Views

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2009 Canadian North Nunavut Mining Awards

Canadian North is pleased to sponsor the Nunavut Mining Awards, recognizing the contributions of companies, individuals, and organizations to the development of the mining industry in Nunavut.

The Canadian North Nunavut Mining Awards will be presented at the 2009 Nunavut Mining Symposium, held in Iqaluit from March 31–April 2, 2009.

by NationTalk on January 12, 2009868 Views

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Aurora Energy Resources Announces 2009 Program

St. John’s, Newfoundland and Labrador –(Jan. 12, 2009) – Aurora Energy Resources Inc. (“the Company” or “Aurora”) (TSX:AXU) is pleased to announce its program for 2009, which will focus on conserving the Company’s substantial cash position while continuing to build community support and advancing environmental and engineering studies.

by NationTalk on January 12, 2009810 Views

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Flint announces Restructuring of Operations

CALGARY, Jan. 7 – Flint Energy Services Ltd. (Flint, the Company) announced today that, as a part of a continuing process to streamline operations, it has consolidated operations and reporting into four business segments. The new segments are: Production Services, Facility Infrastructure, Oilfield Services, and Maintenance Services.

by NationTalk on January 9, 2009884 Views

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Kodiak Oil & Gas Corp. Provides Operations Update

DENVER, Jan. 8 — Kodiak Oil & Gas Corp. (NYSE Alternext US: KOG), an oil and gas exploration and production company with assets in the Green River Basin of southwest Wyoming and Colorado and the Williston Basin of North Dakota and Montana, today provided an operations update.

by NationTalk on January 9, 2009755 Views

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Stornoway provides 2009 Exploration Outlook

TSX: SWY
SWY 09-01
January 7th, 2009

Stornoway Diamond Corporation (TSX-SWY) is pleased to provide an outlook for planned exploration activities in 2009. Despite the currently challenging market conditions for resource equities, Stornoway intends to conduct modest programs of value-driven exploration focused on our key, advanced projects. It is anticipated that all exploration expenditures will be financed from current cash resources, and work will be tailored so as to provide the most efficient use of funds. Expenditures are planned for the following areas:

by NationTalk on January 8, 2009774 Views

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Strongbow Commissions Resource Estimate for Nickel King, NWT

News Release

January 7, 2009
Trading Symbol: TSXV: SBW
#09-01

Strongbow Exploration Inc. (SBW: TSXV) is pleased to announce it has engaged PEG Mining Consultants Inc. (PEG) of Barrie, Ontario to complete an independent NI 43-101 resource estimation for the Main Zone Ni-Cu-Co deposit at the Company’s wholly owned Nickel King project in the southern Northwest Territories.

by NationTalk on January 8, 2009736 Views

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Innergex announces that the Umbata Falls Hydroelectric Plant is in Commercial Operation

LONGUEUIL, QC, Jan. 8, 2009 — Innergex Renewable Energy Inc. (TSX: INE) (“Innergex”) announces that the performance tests made at the Umbata Falls hydroelectric power plant satisfy the Ontario Power Authority (“OPA”) requirements. The official commercial operation start date is thus retroactively set at November 12, 2008. Built in partnership with the Ojibways of the Pic River First Nation, the plant will benefit from a power purchase agreement with the OPA, with respect to all the power to be produced by the facility during the next 20 years.

by NationTalk on January 8, 20091049 Views

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Sivunivut Corporation By-election

Sivunivut Inuit Community Corporation Inc

By -Election

1 Vice Chairperson
1 Director

Monday, January 19, 2009 7:00pm
Council Chambers – Town Building

by NationTalk on January 7, 2009824 Views

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Labrador Metis Nation 2009 Community Meetings

Wednesday, 07 Jan 2009

Happy Valley – Goose Bay 7:00 PM 25-Jan-09 Labrador Friendship Centre

Black Tickle 1:00 PM 26-Jan-09 Community Hall

Cartwright 7:00 PM 27-Jan-09 Parish Hall

Labrador City – Wabush 7:00pm 03-Feb-09 GateWay Labrador Inc.

by NationTalk on January 7, 2009695 Views

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Letter from Chief Tony Morgan, Gitanyow First Nation

December 17, 2008

Honourable Gordon Campbell, Premier
Province of British Columbia
PO Box 9041 Stn Prov Gov’t
Victoria, BC V8W 9E1

Dear Premier Campbell,

As Chief of the Gitanyow First Nation let me congratulate your government’s recent announcement that the environmental assessment process and First Nations consultation for the Northwest Transmission Line will resume immediately. However, I must ask your government to consider extending a separate environmental assessment process from Bob Quinn to Dease Lake.

by NationTalk on January 7, 20091304 Views

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Crosshair & Target Agree to Combine to Create a Solid North American Uranium Asset Base

Vancouber, British Columbia –(Jan. 7, 2009) – Crosshair Exploration & Mining Corp. (TSX:CXX)(NYSE Alternext US:CXZ) (“Crosshair”) and Target Exploration & Mining Corp. (TSX VENTURE:TEM) (“Target”) have entered into a Letter Agreement to combine their businesses to create a well-funded, low-cost, growth-oriented, uranium exploration and development company with a defined timeline to production in one of the most mining friendly jurisdictions in North America.

by NationTalk on January 7, 2009887 Views

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CIM Voices From Industry

January 2, 2009

Looking back – looking ahead. NWT mining industry at a crossroads. An excerpt from CIM Magazine by Mike Vaydik, General Manager, NWT and Nunavut Chamber of Mines.

>> Download excerpt (pdf)

by NationTalk on January 6, 2009671 Views

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Baffinland Appoints New CFO

TORONTO, ONTARIO–(Dec. 24, 2008) – Baffinland Iron Mines Corporation (“Baffinland” or the “Company”) (TSX:BIM) announced today that, effective December 31, 2008, it has appointed Ms. Gwen Gareau to the position of Chief Financial Officer.

Ms. Gareau will assume the role from Mr. Robert Chausse who has been the Chief Financial Officer of Baffinland since March 2006. Mr. Chausse has accepted a senior financial position with another company but will continue to act in an advisory role, providing consulting services to Baffinland, as necessary, over a transition period.

by NationTalk on January 5, 20091157 Views

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Premier Launches Major 2009 Exploration Plans

PREMIER GOLD MINES LTD PG 1/5/2009
THUNDER BAY, ON, Jan. 5, 2009 —
Shares Issued: 77,565,179

PREMIER GOLD MINES LIMITED (TSX:PG) is pleased to provide an update of its 2009 exploration plans for its Northwestern Ontario projects. Major drill programs are planned for the Hardrock, Rahill-Bonanza, and PQ-North Properties. Key highlights include:

by NationTalk on January 5, 2009813 Views

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CCEDNet Membership Committee: Call for New Members

January 2, 2009

The Canadian CED Network Membership Committee is looking for new members. Currently, there are several positions open.

The Membership Committee is one of the Canadian CED Network’s four standing committees. The purpose of the committee is to guide the Network regarding member retention and recruitment and provide advice to the Board of Directors on member benefi ts and services to support the members’ capacity to advance CED across Canada. The Membership Committee has identifi ed three areas of focus: a more inclusive and comprehensive committee; a pan-Canadian membership survey; and a member retention and recruitment strategy.

by NationTalk on January 5, 2009813 Views

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Living Sky Casino Opens to Public December 29

NEWS RELEASE
December 18, 2008
2008-01
FOR IMMEDIATE RELEASE

The Saskatchewan Indian Gaming Authority (SIGA) and its business partner the File Hills Qu’ Appelle Tribal Council are pleased to announce the opening of the Living Sky Casino in Swift Current. The casino opens its doors to the public December 29, 2008 at 9 am.

by NationTalk on December 24, 20083755 Views

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2008 Mid-year Socio-Economic Monitoring Report

22 December 2008

Yellowknife, NT – Diavik Diamond Mines Inc. (DDMI), operator of the Diavik Diamond Mine, is pleased to release its 2008 mid-year socio-economic monitoring report, which provides a summary of initiatives in training, employment, and business from for the first six months of 2008.

by NationTalk on December 23, 2008924 Views

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OPG and Lac Seul First Nation Form Historic Energy Partnership

Equity share in generating station a first for Ontario

TORONTO, Dec. 19 – Ontario Power Generation (OPG) and the Lac Seul First Nation today formed a historic partnership that will see the First Nation own 25 per cent of the Lac Seul Generating Station, located near Ear Falls, Ontario.

by NationTalk on December 21, 2008939 Views

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Stornoway Provides Corporate Update

TSX: SWY
SWY 08-27
December 17, 2008

Stornoway Diamond Corporation (TSX-SWY) wishes to provide an update on management and board appointments that will come into effect January 1, 2009.

Catherine McLeod-Seltzer, who currently serves as the Board’s Chairman, will move into the role of Lead Director for the Company. At the same time, Eira Thomas, presently serving as Stornoway’s Chief Executive Officer, will assume a new role as Executive Chairman. Matt Manson, who presently serves as President, will assume an expanded role as President and Chief Executive Officer. Coincident with these changes, Ms. Thomas will be taking a four-month maternity leave.

by NationTalk on December 19, 20081043 Views

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Terasen announces Appointment to Boards of Directors

December 18, 2008

Vancouver, B.C. – Terasen Inc. today announced the appointment of Brenda Eaton to both the Terasen Inc. and Terasen Gas Inc. Boards of Directors.

“We are pleased to welcome Brenda Eaton to the Terasen Boards,” said Stan Marshall, Chairman, Terasen Inc. Board of Directors. “Her diverse background and experience will provide an excellent complement to the talents of our existing board members which oversee Terasen in its role as an energy solutions provider for British Columbians, supporting the province’s economic, energy and environmental goals into 2009 and beyond.”

by NationTalk on December 19, 20081128 Views

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Terasen Gas and First Nations Sign Landmark Equity Agreements

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SURREY, BC, Dec. 17 – Terasen Gas (Vancouver Island) Inc. today announced that it has entered into landmark investment agreements that will provide two B.C. First Nations with the opportunity, through a limited partnership, to invest equity in and receive revenue from a regulated utility project. Pending approvals, including that of the British Columbia Utilities Commission (BCUC), the Chemainus First Nation and Cowichan Tribes will have the option to share a 15 per cent equity interest in the Mt. Hayes Natural Gas Storage Facility, located on Vancouver Island.

by NationTalk on December 17, 20081577 Views

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Media Advisory – Ontario Power Generation/Lac Seul First Nation Sign Historic Energy Partnership

Witnesses to include Minister of Energy and Infrastructure, OPG Chairman

TORONTO, Dec. 17 – Leaders from Ontario Power Generation and Lac Seul First Nation will sign a historic partnership agreement Friday, December 19, 2008.

by NationTalk on December 17, 2008816 Views

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Stornoway Reports Filing of NI 43-101 Technical Report for Renard Preliminary Assessment

TSX: SWY
SWY 08-26
December 15th, 2008

Stornoway Diamond Corporation (TSX-SWY) is pleased to announce the filing on SEDAR on December 12, 2008 of a National Instrument (“NI”) 43-101 technical report on the Renard Project located at the Foxtrot Property in North Central Québec. The Foxtrot Property is a 50:50 joint venture with SOQUEM INC. (“SOQUEM”). The independent technical report has been prepared by Scott Wilson Roscoe Postle Associates Inc. (Scott Wilson RPA) and is the qualifying report relating to the Renard Preliminary Assessment. AMEC Americas Limited (AMEC) and SENES Consultants Limited (SENES) have prepared or contributed to sections of this technical report. The technical report includes improved estimates of project economics resulting from certain conceptual mine plan efficiencies identified since the initial results of the preliminary assessment were disclosed by Stornoway on October 28th, 2008. The improved economics are highlighted as follows:

by NationTalk on December 17, 2008917 Views

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Alberta Star Development Corp. Provides Corporate Update

Vancouver, British Columbia –(Dec. 17, 2008) – Alberta Star Development Corp. (the “Company”) (TSX VENTURE:ASX)(OTCBB:ASXSF)(FRANKFURT:QLD) is pleased to provide the following update of its current plans for 2009 during the current global economic crisis that is expected to last for some time.

by NationTalk on December 17, 20081003 Views

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‘Tis the Season for Charitable Giving

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WINNIPEG, Dec. 16 – This holiday season, Canadians are stuffing their stockings with more than gifts and indulgences – they’re making a conscious effort to support charities that are important to them.

Scotiabank’s 2008 Holiday Poll reveals that 72% of Canadians are planning to make a personal donation to charity this holiday season. Despite uncertain economic times, this year’s result is consistent with last year’s finding of 73%.

by NationTalk on December 17, 2008960 Views

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Tahera announces Approval of the Court to Cease Operations at the Jericho Mine

TORONTO, Dec. 15 – Tahera Diamond Corporation (“Tahera” or the “Company”) (TSX: TAH) announces that received court approval on December 12, 2008 to cease operations at the Jericho Mine effective 12:01 a.m. Eastern Standard Time on Saturday, December 13, 2008. At that same time, the Department of Indian and Northern Affairs Canada (“INAC”) will intervene at the Jericho Mine pursuant to section 89 of the Nunavut Waters and Nunavut Surface Rights Tribunal Act (the “Act”). Pursuant to the Act, INAC intends to retain former employees of Tahera to conduct the ongoing care and maintenance activities at the Jericho Mine site. This action was necessitated by the lack of funds currently available to the Company to continue the care and maintenance program and the Company’s inability to date to find a buyer for Tahera’s assets.

by NationTalk on December 16, 2008900 Views

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Global 8 Environmental Technologies, Inc. Revises Plans for Shares of Golden Bear Environmental Technologies, Inc.

Newport Beach, CA –(December 15, 2008) – On December 8, 2008 Global 8 Environmental Technologies, Inc. (OTCBB: GBLE) announced that the registered shareholders of record as of December 31, 2008 would receive one share of Golden Bear Environmental Technologies, Inc. for every one share of Global 8. Upon further investigation into the mechanics and compliance issues for making such a dividend, Global 8 seeks to clarify the company’s options in this regard.

by NationTalk on December 15, 20081072 Views

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Two Native Community Development Financial Institutions Honored for Achievements in Helping Build Native Economies

Albuquerque, N.M. – December 12, 2008 – Two Native opportunity finance institutions were honored last evening for their commitment to community development and asset building in Native communities at the 2008 Native Awards Ceremony, part of the 5th Annual Native CDFI Convening hosted by Opportunity Finance Network (OFN) and First Nations Oweesta Corporation (Oweesta).

by NationTalk on December 15, 2008898 Views

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North West Company Fund Announces Third Quarter Earnings and a Distribution

Winnipeg, Manitoba –(Dec. 12, 2008) – North West Company Fund (the “Fund”)(TSX:NWF.UN) today reported 2008 third quarter earnings of $22.1 million for the period ended October 31, 2008. The Fund also announces a quarterly distribution of $0.32 per unit to unitholders of record on December 31, 2008, distributable by January 15, 2009.

Report to Unitholders

The North West Company Fund reports third quarter earnings to October 31, 2008 of $22.1 million, an increase of 19.4% over last year’s third quarter earnings of $18.5 million. Diluted earnings per unit improved to $0.46 compared to $0.39 last year.

by NationTalk on December 14, 2008986 Views

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Important Invitation to all BC First Nations and Local Governments

To: Local Government Mayors, Chairs, and Administrators
BC First Nations Chiefs and Administrators

From: UBCM Executive and First Nations Summit

Date: December 9, 2008

RE: FUNDING NOW AVAILABLE FOR NEWLY ELECTED C2C PROGRAM

by NationTalk on December 14, 2008812 Views

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Starfield Resources Discovers Diamond At Ferguson Lake

Nearby Sample Found To Contain Diamond-Indicator Garnet Grains

Toronto, Ontario – December 10, 2008 – Starfield Resources Inc. (TSX: SRU / OTCBB: SRFDF) today announced the discovery of a diamond in a till sample taken from an area located near the center of the Company’s claim block in Nunavut, Canada.

by NationTalk on December 14, 2008934 Views

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Diavik Response to Market Conditions

News release
10 December 2008

Diavik Diamond Mines Inc. (DDMI) is taking a series of measures to help protect the business and its workers during the current global economic crisis. These actions will help to reduce and defer costs until such time as the global economic situation has stabilized and becomes more favourable.

by NationTalk on December 14, 2008882 Views

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Tyhee announces additional diamond drillhole results from Goodwin Lake and Clan Lake properties, Yellowknife Gold Belt, NWT, Canada

December 11, 2008
For immediate release
Release: Series 9
Release 16
TSX Venture: TDC

VANCOUVER, BC (December 11, 2008) – Tyhee Development Corp. (TSX-V: TDC) today announced the final results of gold assays from the second phase of diamond drilling at Goodwin Lake and Clan Lake, Yellowknife Gold Belt, NWT, Canada.

Highlighted intersections from the recent program:

Goodwin Lake:
• Drillhole GL022: 35.5 metres (m) of 1.83 grams per tonne (gpt) gold Including:
16.5m of 3.33 gpt gold; and
16.5 m of 1.40 gpt.
• Drillhole GL024 10.5 m of 8.38 gpt gold
• Drillhole GL028: 6.0 m of 2.04 gpt gold

by NationTalk on December 11, 2008706 Views

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Baffinland Provides Update on Mary River Project

TORONTO, ONTARIO –(Dec. 5, 2008) – Baffinland Iron Mines Corporation (“Baffinland” or the “Company”) (TSX:BIM) provides today a general update on the continuing advancement of its Mary River Project.

In January 2008, Baffinland retained CIBC World Markets Inc. and Citigroup Global Markets Inc. to act as the Company’s co-financial advisors to seek a strategic partner or partners, evaluate potential transactions, assist in the course of negotiations and render such other financial advisory and investment banking services as may from time-to-time be agreed upon by the financial advisors and the Company. Baffinland has long recognized the need for strategic partnering due to the scale of its Mary River Project, particularly with regard to the expected capital cost of the project.

by NationTalk on December 11, 20081140 Views

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Harry Winston Diamond Corporation Announces Third Quarter Fiscal 2009 Results

TORONTO, Dec. 10 – Highlights (All figures are in United States dollars unless otherwise indicated)

The Company recorded consolidated net earnings of $71.9 million, or $1.17 per share, for the third quarter compared to a net loss of $7.4 million, or $0.13 per share, respectively, in the third quarter of the prior year. Consolidated net earnings for the third quarter included a $49.0 million net foreign exchange gain, or $0.80 per share, as a result of the weakening of the Canadian dollar relative to the US dollar, compared to a $40.6 million net foreign exchange loss, or $0.70 per share, in the comparable quarter of the prior year.

by NationTalk on December 11, 20081043 Views

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Press Release re: Delay in JRP Review

The NWT & Nunavut Chamber of Mines sympathizes with the people whose livelihoods are seriously affected by this delay, many of whom are suffering under difficult economic conditions. The Chamber sees this development as further evidence of the urgent need for government to urgently address the environmental and socio-economic assessment process in the north.

December 7, 2008
Yellowknife NT

Joint Review Panel Report Delay

Friday’s announcement by the Joint Review Panel that its report on the Mackenzie Valley Natural Gas Pipeline will be delayed by a further year is severely disappointing to the residents of the Mackenzie Valley.

by NationTalk on December 10, 2008863 Views

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Coastal First Nations Study Award Winning Hartley Bay Tourism Model

Attention: Assignment Editor, Business/Financial Editor, News Editor, Travel/Tourism Editor, Government/Political Affairs Editor

VAancouver, BC, PRESS RELEASE –(Dec. 9, 2008) – Representatives of Coastal First Nations working together under the Turning Point Initiative are meeting with leaders from the Gitga’at Nation of Hartley Bay to review the model of their relationship with award winning tourism operator, King Pacific Lodge.

by NationTalk on December 9, 20081537 Views

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First Aboriginal Business Awards Recipents Announced

NEWS RELEASE
For Immediate Release
2008OTP0285-001854
Dec. 9, 2008

Office of the Premier
Ministry of Aboriginal Relations and Reconciliation
British Columbia Achievement Foundation

VANCOUVER – The recipients of the inaugural British Columbia Aboriginal Business Awards were announced today by Premier Gordon Campbell and Keith Mitchell, chair of the BC Achievement Foundation. The recipients will be honoured at a gala celebration on Jan. 27, 2009 in Vancouver.

by NationTalk on December 9, 20081130 Views

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