LENDING RATES (June 02, 2008)
as of 9 a. m. ET, May 27, 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…
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EXCHANGE RATES (June 02, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date May 26 May 23 May 22 May 21 May 20 US$ in C$ 0.9896 0.9883 0.9861 0.9844 0.9930 C$ in US$ 1.0105 1.0118 1.0141 1.0158 1.0070…
DIVIDENDS (June 02, 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 instlmnts on Apr 30 and Oct 31. Alcoa will pay $0.9367* per…
INTERNATIONAL QUOTES (June 02, 2008)
Australia (A$) May 27 May 20 Change Bendigo Mining 0.31 0.32 -0.01 Centamin Egypt 1.42 1.44 -0.02 Croesus Mining 0.33 0.30 0.03 Kingsgate Cons. 5.62 5.60 0.02 Lion Se…
Coalcorp raises $120M for ‘streamlined growth’
VANCOUVER — After a strategic review prompted by an unsolicited takeover offer, Coalcorp Mining (CCJ-T, CCJMF-O) is planning to ramp up production at its La Francia coal mine in Colombia to 6 million…
Oromin rewarded for rapid progress at Sabodala
VANCOUVER — It’s a golden cycle for Oromin Explorations (OLE-V, OLEPF-O): strong drill results prompt the company to add more rigs to its Sabodala gold project, then the added rigs produce more stron…
Runaway tailings forces closure of Gold Hawk’s Coricancha mine in Peru
Unexplained ground movement around the dry tailings storage area of Gold Hawk Resources’ (CGK-V, CGHRF-O) Coricancha silver-gold-lead-zinc mine in Peru has forced the company to shut down crushing and…
Redhawk hits near-surface
Redhawk Resources (RDK-V, RHWKF-O) has intersected some solid copper grades at its Copper Creek project, near San Manuel, Ariz., that it believes will add important near-surface resources to its next …
More consolidation likely in oilsands
News reports that India’s biggest oil producer, Oil & Natural Gas Corp. (ONGC) is negotiating to buy a 100% interest in an unidentified mid-sized Canadian oilsands company has unleashed a flood of…
Kinbauri drilling hints at Black Skarn extension
The latest assays from Kinbauri Gold’s (KNB-V) infill drill program at the El Valle mine in Spain show high-grade mineralization that could extend the Black Skarn North zone, possibly linking it up wi…
EnCana narrows its focus with oilsands spinout
For EnCana (ECA-T, ECA-N), being big had its disadvantages.
Hello US$130 oil
The macroeconomic effects of higher oil prices made headlines around the world during the week ended May 24, the 21st trading week of 2008.