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Hauling coal at Teck's Greenhills project, in southeastern B. C. The diversified miner will likely have a difficult time paying down the US$9.8 billion in debt its acquisition of Fording Canadian Coal Trust left it with, especially if metals prices remain weak.

Teck Wrestles With US$10B Debt

Vancouver — For the last few years, Teck (TCK. B-T, TCK-n) has been a reliable, dividend-paying investment option, a major mining company regularly recording substantial profits by cashing in on stro…


Road to nowhere: New equipment is transported to Apex Silver Mines' San Cristobal zinc and silver project in Bolivia, under construction in 2005. Apex is selling its 65% stake in San Cristobal to its joint-venture partner Sumitomo for US$22.5 million.

Apex Silver Forced Into Fire Sale Of San Cristobal

Apex Silver Mines (SIL-x) has been forced to sell its 65% stake in the massive San Cristobal zinc and silver mine to its minority partner, Japan-based Sumitomo Corp. (SSUMY-o) for US$22.5 million.






DAILY METAL PRICES (November 24, 2008)

Date Nov. 17 Nov. 14 Nov. 13 Nov. 12 Nov. 11 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 1352/1415 1371/1420 1370/1411 1360/1400.50 141…





CANADIAN GOLD MUTUAL FUNDS (November 24, 2008)

Featured Fund: Altamira precious & Strategic Metals, as of 07/31/08 (in weighted order): Goldcorp, Barrick Gold, Kinross Gold, Agnico-Eagle Mines, Yamana Gold, Franco-Nevada, Newmont Mining, Compa…


DIVIDENDS (November 24, 2008)

Note: Alcoa will pay its quarterly div of US$0.9375 for US$3.75 cmltv pr sh on Jan 1, rec Dec 12. Xstrata Canada will $0.2863 div for pr sh series 3…


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