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Around the North

Apollo Gold mines banker confidence for $70 million in financing

The Denver-based Apollo Gold Corporation has secured $70 million in financing to complete development of its Black Fox Project, located 75 kilometres east of Timmins.

Political squabble grows in the North's provincial and federal opponents

An intensifying war of words between two of the North's premier politicians reached new heights this week, following an announcement by federal Industry Minister Tony Clement that Sudbury MPP Rick Bartolucci made no contact with Louise Paquette, FedN

Laurentian adds computational science as newest masters program

Thanks to recent approval from the Ontario Council of Graduate Studies, Laurentian University has announced it will soon offer a new master's program in computational science.

New mine for the northeast?

Detour Gold and PDX Resources are edging closer to building a mine in northeastern Ontario.

Forestry industry continues reeling

Northern Ontario forestry mill closures and job losses are coming fast and furious. Domtar is temporarily shutting down its Nairn sawmill, affecting 20 employees for four weeks, starting Feb.

K-L Gold-Queenston acquires more gold property

Kirkland Lake Gold and Queenston Mining have added a fifth property to their joint venture in northeastern Ontario.

Essar Steel posts 3Q loss, FedNor Tony drums up more Indian business

Sault Ste. Marie steel producer, Essar Steel Algoma, posted a $14.2 million net loss for its third quarter ending Dec. 31, 2008. The privately-owned Indian company attributes it to lower steel prices and production volumes, and $96.

Temex digs deep, finds gold

Temex Resources reports significant gold grades on their deep exploration project in Timmins. The Toronto miner is working its Whitney Township property near the former Hallnor Mine and posted results from its drill program on its 19 Vein structure.

Value-added wood projects get cash head-start

A First Nations value-added wood project involving three northwestern Ontario communities received a $1.5 million cash injection from Queen's Park.

Dragons' Den host heads up entrepreneurial funding workshop

CBC TV personality and Dragons' Den host Dianne Buckner and Donald Cooper, former vice president of Cooper Canada, are headlining a Sault Ste. Marie workshop this week on funding opportunities for small business.