News

Hillside drilling at Andean Resources' Cerro Negro gold-silver project in Santa Cruz province, Argentina. Recent results have expanded zones at the Eureka West vein, where bonanza-grade gold has been intercepted.

Andean Resources Cuts High-Grade Gold In Argentina

VANCOUVER — Deep stepout drilling on the Eureka West vein has expanded the size of zones showing bonanza-grade gold for Andean Resources (AND-T, AND-A) at its Cerro Negro property in the province of …



In addition to its US$850-million sale of undeveloped potash assets to Brazil's Vale, Rio Tinto will get US$750 million for its Corumba open-pit iron ore mine (above), in Brazil.

Rio Tinto Sells More Assets To Pare US$37B Debt

Rio Tinto (RTP-N, RIO-L) continues to hack away at its immense debt load with sales to Vale (RIO-N) of its undeveloped potash assets in Argentina and Canada and an iron ore mine in Brazil for US$1.6 b…


World Crude Steel Production Falls 1.2%

World production of crude steel fell 1.2% between 2007 and 2008, with production weighing in at 1.33 billion metric tonnes last year, according to a report released by the World Steel Association.



Athabasca Potash Pairs Up With SNC-Lavalin At Burr

Montreal-based engineering and consulting firm SNC-Lavalin Group (SNC-T, SNCAF-O), has been contracted by Athabasca Potash (API-T, ABHPF-O) to provide prefeasibility study services for the company’s B…


Lending Rates (February 16, 2009)

as of 9 a. m. ET. Feb. 10, 2009 (%) Bank of Canada 1.25 Target overnight rate 1.00 Canadian Prime 3.00 U. S. Discount Primary 0.50 U. S. Fed Funds market rate 0-0.25 U. S. Prime …


David Garofalo of Agnico-Eagle Mines (left) collects the award for best investor relations by a CFO from Michael Nowlan of Marketwire.

Agnico-Eagle, PotashCorp Scoop Up IR Awards

In a field dominated by the slicker sectors of the Canadian economy such as banking and hi-tech, the investor-relations efforts of a couple of mining companies came out on top at the IR Magazine Canad…


Dividends (February 16, 2009)

Note:Xstrata PLC subsidiary, Xstrata Canada is sending a notice of redemption for all outstanding Cmltv prf sh, series 3, redeemable Mar 1 for $25 each in cash, plus accruded and unpaid dividends. Alc…





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