news blog from Vikki

InterContinental Hotels in 12 new China brand deals -China head

Tue, 18 Oct 2011 00:16:58 -0400

Earlier in the year, IHG signed a management deal with China’s Poly Real Estate Group Co Ltd to cooperate on developing and managing hotels in China.IHG has said that one in four of the hotel rooms it opens over the next five years will be in China, highlighting the market’s importance to the company. The firm has 154 hotels in China with about 140 more in the pipeline.

UPDATE 1-Brigus Gold Q3 production rises

Thu, 13 Oct 2011 08:48:25 -0400

Gold production at the company’s Black Fox underground mine, located near Timmins in Ontario, rose 7 percent to 16,838 ounces from 15,688 ounces in the last quarter.For the same period, the company processed 189,674 tonnes of gold at an average grade of 2.9 grams per tonne.Mill throughput averaged 2,062 tonnes per day for the third quarter.Shares of the company closed at C$1.14 on Wednesday on the Toronto Stock Exchange.

UPDATE 1-Harry Winston Q3 diamond output rises on higher grades

Thu, 13 Oct 2011 08:02:30 -0400

The luxury diamond jeweler produced 1.9 million carats from 0.6 million tonnes of ore processed, and forecast output of 1.8 million carats in the fourth quarter.Toronto-based Harry Winston, which operates the Diavik diamond mine in the country’s North Slave region a few hundred kilometres south of the Arctic Circle, said it was on track to produce 6.8 million carats for the full year.