Dividends (December 10, 2007)
Company Div.($) Pay Date Record Date Endeavour Min Cap 0.015 Nov 30 Nov 26 Inmet Mining 0.10 Dec 15 Nov 30 Barrick Gold 0.15* Dec 17 Nov 30 Newmont Mining…
News
Exchange Rates (December 10, 2007)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Anglo American CEO sees ‘solid’ metals outlook in ’08
Beijing, China–In her keynote speech at the recent China Mining Conference here, Anglo American (AAUK-Q, AAL-L) chief executive Cynthia Carroll highlighted key trends — and concerns — in the mining…
The China factor
Beijing, China–China’s insatiable appetite for iron ore has been a major factor behind the recent enormous price increases and profits in the global iron ore industry.
CVRD changes name to Vale
Say goodbye to the abbreviation CVRD. Companhia Vale do Rio Doce, the Brazilian mining giant, has changed its name to Vale (RIO-N).
Copper-hungry Sherwood taking over Western Keltic (December 10, 2007)
Vancouver — Fresh off the success of its newly opened and already growing Minto mine, Sherwood Copper (SWC-V, SWOPF-O) has launched a friendly takeover bid for Western Keltic Mines (WKM-V, WLKTF-O) i…
Copper dubbed ‘one-trick pony’ in 2008 forecast
In their report on copper and zinc prices, Scotia Capital analysts Onno Rutten and Lawrence Smith upped their copper price forecast by 35% to US$3.25 per lb., but turned bearish on zinc.
More water woes for Cameco (December 10, 2007)
Vancouver — Water problems are again affecting underground operations at a Cameco (CCO-T, CCJ-N) uranium project in northern Saskatchewan’s Athabasca basin.
Rio spends as suitors circle
Rio Tinto (RTP-N, RIO-L) plans to get stronger and thwart BHP Billiton’s (BHP-N, BLT-L) hostile takeover bid the old-fashioned way — through organic growth.
Platinum shortfall
Vancouver — Global demand for platinum is poised to touch a record level of 6.93 million oz. this year, up 195,000 oz. or 2.9% from 2006, says refiner and PGM marketing group Johnson Matthey in its r…
Century kicks off hostile bid for Sulliden (December 10, 2007)
Century Mining (CMM-V, CMNZF-O) has formally launched its hostile, all-share takeover bid for Sulliden Exploration (SUE-T, EXSDF-O).
Gold isn’t all that glitters
While investors buzz about the possibility of gold breaking the US$1,000 per oz. plateau in the coming year, Patricia Mohr, vice-president of industry and commodity research at Scotiabank, says the ho…