News

BC revives northern power line project

Vancouver — British Columbia Premier Gordon Campbell has resuscitated the Northwest Transmission Line (NTL), a project that would see at least 335 km of new, 287-kilovolt, power lines extended into t…


Royalty companies trumpet their low-cost model

Managing a royalty company these days is like running a MASH unit, Douglas Silver, chairman and chief executive of International Royalty Corp. (IRC-T, ROY-x) told analysts and investors at the recent …



DAILY METAL PRICES (October 06, 2008)

Date Sept. 29 Sept. 26 Sept. 25 Sept. 24 Sept. 23 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 2155/2200 2190/2201 2135/2210 2180/2250 2…



TSX VENTURE SHORT POSITIONS (October 06, 2008)

Short positions outstanding at Sept 15/08 (with changes from Aug 31/08). Largest short positions Gold Wheaton GLW 1481912 273112 Westernzagros WZR 1124451 -7283 Raytec Metals RAY …



Drillers at work at CIC Energy's Mmamabula coal field, in Botswana, where resources have climbed by 28% to 2.93 billion tonnes. The company is planning an electricity generating station, coal export facility, and coal-to-hydrocarbon conversion plant at Mmamabula.

CIC Energy buys back shares, advances Mmamabula

CIC Energy (ELC-T, CIEGF-o) is planning to buy back up to 5% or 2.7 million of its outstanding shares on the open market in a bid to boost its stock, which the company says is undervalued.



LENDING RATES (October 06, 2008)

as of 9 a. m. ET, Sept. 30, 2008 (%) Bank of Canada 3.25 Target overnight rate 3.00 Canadian Prime 4.75 U. S. Discount Primary 2.25 U. S. Fed Funds market rate 2.00 U. S. Prime …


DIVIDENDS (October 06, 2008)

Note: Vale will pay $0.52* on common and pr sh in two instlmnts on Apr 30 and Oct 31. Alcoa will pay its quarterly div of US$0.9375 for US$3.75 cmltv…


EXCHANGE RATES (October 06, 2008)

CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Sept. 29 Sept. 26 Sept. 25 Sept. 24 Sept. 23 US$ in C$ 1.0394 1.0349 1.0338 1.0351 1.0355 C$ in US$ 0.9621 0.9663 0.9673 0.966…


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