Check out this article:...

Check out this article:

http://www.yukon-news.com/news/wolverine-shutters-as-mining-honchos-hobnob-in-vancouver/


Here is an abstract:

The mining industry news this week is not all doom and gloom.
BMC (UK) Ltd. announced this week the purchase of the Kudz Ze Kayah project from Teck Resources Ltd.
“We spent just about 18 months looking around the world at different projects that had the right blend of geology, location, political risk, community support, that kind of thing,” said BMC CEO Scott Donaldson in an interview yesterday.
The opportunity to buy Kudz Ze Kayah came up and they took it, he said.
“It was the precise type of project that we were looking for.”
Kudz Ze Kayah is a base metals project, with deposits of zinc, copper, lead, silver and gold. It is located between Ross River and Watson Lake, and neighbours the Wolverine mine.
The company is backed by Barclays Natural Resource Investments, which has committed $150 million in equity funding for the project.
That will cover the purchase of property plus things like feasibility studies, engineering and environmental assessments, said Donaldson.
The company plans to spend about $15 million developing the property this year, he said.
Things might not look great for the industry today, but that won’t always be the case, said Donaldson.