OMA Weighs In On Ontario’s Bill 173
The following is an edited portion of the Ontario Mining Association’s submission to the Standing Committee on General Government on the Mining Act (Bill 173) and the Far North Act (Bill 191).
News
U.S. Markets – Sept. 1 – 4
The Sept. 1-4 trading period — shortened by the Labour Day holiday — was all about gold, as the U. S. dollar’s weakness, concerns about the sustainability of the global economic recovery and fears a…
Toronto Stock Exchange – Sept. 1 – 4
The S&P/TSX composite index increased by 1.4%, or 149.26 points, to 11,017.47 points over the Sept. 1-4 trading period, which was shortened by the Labour Day holiday on Sept. 7.
TSX Venture Exchange – Sept. 1 – 4
The S&P/TSX Venture composite index showed renewed strength over the Sept. 1-4 trading week, a session shortened by the Labour Day holiday. The board posted considerable gains on three of four day…
Chariot Board Fends Off Lundin Dissidents
If Lukas Lundin still wants Chariot Resources( CHD-T) he’ll have to pay for it now.
North American Palladium Backtracks On $50M Debt Issue
North American Palladium (PDL-T, PAL-X) thought twice about issuing convertible notes, and decided it wasn’t such a good idea after all.
LME Warehouse Levels (September 14, 2009)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, September 8, 2009 (change from Sept. 1 in brackets):
Spot Prices (September 14, 2009)
COURTESY OF SCOTIABANK
Sparton Nails $1.7M Loan For China Acquisition
Toronto-based junior Sparton Resources (SRI-V) has secured a $1.7- million loan to complete its acquisition of a coal, germanium and uranium project in southern China.
Gold Cracks US$1,000
Gold’s day-long breach of the US$1,000-per-oz.-mark was the biggest news for gold bugs around the world in early September.
GFI Threatens Legal Action Against Forsys
George Forrest International (GFI) is threatening legal action after Forsys Metals (FSY-T) said it was cancelling the deal that would have seen GFI acquire Forsys for $579 million.
Producer And Dealer Prices (September 14, 2009)
Antimony: Mid-mkt US$4,950/t.