Barrick plans to buy oil and gas junior
Barrick Gold (ABX-T, ABX-N) is hedging against soaring oil prices with an all-cash offer for Albertan oil and gas junior Cadence Energy (CDS-T, CDSFF-O).
News
Mmamabula power plant hits major hiccup for CIC Energy (July 21, 2008)
VANCOUVER — Plans to develop a new coal mine and coal-fired power station in Botswana to add muchneeded capacity to South Africa’s power grid have been derailed and shares of CIC Energy (ELC-T, CIEGF…
Gahcho Ku JV yields 25-carat diamond
Mountain Province Diamonds (MPV-T, MDM-X) and joint-venture partner De Beershave found a 25.13- carat gem-quality diamond at their Gahcho Ku diamond project in Canada’s Northwest Territories.
Khan bested in bid for Western Prospector
Western Prospector Group’s (WNP-V, WEPGF-O) confidence that Khan Resources (KRI-T, KHRIF-O) wouldn’t succeed in a hostile takeover bid for the company is proving well founded.
Boreal plan could be bad news for miners
Mining, forestry and all other kinds of development will be banned from nearly half of Ontario’s northern boreal region, the Ontario Liberal government has announced.
METALS COMMENTARY (July 21, 2008)
In the next 12 months, Citigroup Global Markets thinks Alcoa is going to move to US$50 per share from US$32.78 on the back of stronger aluminum prices.
AMEC hired as engineering team for Afton/Ajax project
Vancouver-based Abacus Mining & Exploration (AME-V) has hired AMEC Americas to build an updated mineral resource model and carry out the necessary engineering work at the company’s Afton- Ajax pro…
Taseko spends $100M on Gibraltar mine equipment
Vancouver-based Taseko Mines (TKO-T, TGB-X) has purchased $100 million worth of mining and milling equipment from Bucyrus International (BUCY-N).
Nevada Geothermal Power borrowing US$145M for generating plant
Nevada Geothermal Power (NGP-V, NGLPF-O) is planning to borrow US$145 million from a banking syndicate led by Morgan Stanley (MS-N) and Glitnir Capital to build a geothermal power plant at Blue Mounta…
LME WAREHOUSE LEVELS (July 21, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 15, 2008 (change from July 8 in brackets):
PEOPLE (July 21, 2008)
Abacus Mining & Exploration– Victor Lazarovici appointed a director.
SPOT PRICES (July 21, 2008)
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