Chinese, DRC gov’ts forge ‘vast Marshall Plan’
A “sign of the times” development highlighted the week in mining ended May 10, the 19th trading week of 2008.
News
Khan bids for Western Prospector
Khan Resources (KRI-T, KHRIF-O) has made an unsolicited bid for Western Prospector Group (WNP-V, WEPGF-O) to consolidate its position in the Saddle Hills district of Mongolia and to cut costs.
Trevali sees future at old Santander mine
VANCOUVER — Late last year, Trevali Resources (ZINC-C, TREVF-O) purchased the past-producing Santander mine in Huaral province, Peru, and along with it, a 1,000- tonne-per-day mill, a 1,000-person ca…
Ignore equipment firms at your peril
Since the last commodity boom 20 years ago, underinvestment in mining equipment in countries such as the United States, Australia and other mature markets is benefiting companies like Joy Global (JOYG…
TSX VENTURE SHORT POSITIONS (May 19, 2008)
Short positions outstanding at Apr. 30/08 (with changes from Apr. 15/08). Largest Short Positions Peak Gold PIK 4256400 -1430500 Copper Creek CPV 2405000 2405000 Westernzagros WZR …
CANADIAN GOLD MUTUAL FUNDS (May 19, 2008)
Fund name May. 12 May 5 Change Change YTD MER* Assets* ($) ($) ($) (%) (%) (%) (M$) AGF Pr Mtl 27.78 27.33 0.45 1.6 -2.7 2.60 724.7 Altamira Pr & Str Mtl 11.89 11.64 0.25 …
TSX SHORT POSITIONS (May 19, 2008)
Short positions outstanding at Apr. 30/08 (with changes from Apr. 15/08). Largest Short Positions Yamana Gold YRI 29175691 3056885 Equinox Min EQN 25908975 7579497 Lundin Mining LU…
LENDING RATES (May 19, 2008)
as of 9 a. m. ET, May 13, 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 5…
DIVIDENDS (May 19, 2008)
Note: Xstrata will pay its pref sh series 3 div of $0.2862 on June 2, rec May 15. Vale will pay $0.52* on common and pr sh to be paid in two installments on Apr 30 and Oct 31. Alcoa will pay $0.9367* …
EXCHANGE RATES (May 19, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date May 12 May 9 May 8 May 7 May 6 US$ in C$ 1.0039 1.0061 1.0149 1.0021 1.0035 C$ in US$ 0.9961 0.9939 0.9853 0.9979 0.9965 EXC…
INTERNATIONAL QUOTES (May 19, 2008)
Australia (A$) May 13 May 6 Change Bendigo Mining 0.29 0.30 -0.01 Centamin Egypt 1.38 1.39 -0.01 Croesus Mining 0.04 0.28 0.00 Kingsgate Cons. 5.30 5.00 0.30 Lion Sel…
Same recipe, different dish: Rio Alto CEO sticks to the script with La Arena purchase
With its planned acquisition of Iamgold’s (IMG-T, IAG-N) La Arena copper-gold project, Rio Alto Mining’s president and chief executive Alex Black has signalled he’s ready to again make his mark on min…