Lonmin’s wage deal fuels more unrest in South Africa
While Lonmin (LMI-L) has ended a bloody labour dispute at its Marikana platinum mine near Rustenburg in South Africa that left 46 dead, other miners in the country are demanding higher wages.
News
Brigus piles on the ounces in latest resource update
Brigus Gold (BRD-T) has updated its resource estimate for the Grey Fox gold property and the results show the company is particularly adept at pushing inferred resources up into a ballooning indicated category. Grey Fox is 4…
Ivanhoe Australia beefs up Osborne
In late February Ivanhoe Australia (IVA-T, IVA-A) started production ahead of schedule and on budget at its Osborne copper-gold project in northwestern Queensland. The initial shipment of copper-gold concentrate to Asian smelters left port in…
Alpha faces lower credit rating after closing 8 mines
Alpha Natural Resources (ANR-N) may have its credit ratings cut by Standard & Poor’s after it said it will curtail production and close eight of its U.S. coal mines to stay profitable in the low price environment.
Queensland’s new coal royalties upset miners
Australia’s biggest miners say the Queensland government’s move to hike royalties on coal operations will cause more job losses and project cancellations in the troubled sector.
Silver Wheaton’s Smallwood paddles world’s silver streams
Silver Wheaton (SLW-T, SLW-N) has come a long way in a short time. Formed in 2004 out of Wheaton River Mineral’s silver assets, the company is now the biggest silver-streaming company in the world.
NuLegacy gets in line on Nevada’s Cortez trend
A little over two decades ago Roger Steininger made a major gold discovery in Nevada by bucking conventional wisdom. Today he’s trying to do it again.Steininger has found himself chief operations officer and a director at Nevada-focused…
Toronto Stock Exchange
The S&P/TSX Composite Index gained during the trading week to close at 12,268.01, up 319 points from where it began.The lift followed two major announcements, including the European Central Bank’s plan to buy government bonds from…
TSX Venture Exchange
The TSX Venture Exchange collected itself and resumed its forward march. After falling four straight days the week before, the holiday shortened period saw the index climb 31 points to 1,276.71 points, on the back of renewed enthusiasm for…
U.S. markets
Hope for more stimulus from the U.S. Federal Reserve after disappointing jobs data in August; the Chinese government announcing a US$150-billion infrastructure-building program; and news that the European Central Bank plans to buy more…
Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankTuesday, September 11, 2012 Precious MetalsPrice…
Short position reports
TSX Short Positions Short positions outstanding at Aug 31/12 (with changes from Aug 15/12). Largest Short Positions Security Ticker Total Short Change Lundin Mining LUN 44646706 476706…