Clifford new ICMM chair
Rio Tinto (RTP-N) chief executive Leigh Clifford was appointed chair of the International Council on Mining & Metals ICMM. He succeeds Newmont Mining CEO Wayne Murdy.
2006
PDAC seeks nominations
The Prospectors and Developers Association of Canada (PDAC) is seeking nominations to its board.
Rainy River pulls high-grade gold
Vancouver — Rainy River Resources (RR-V, RRFFF-O) has announced a number of high-grade drill intercepts from its namesake gold project located about 80 km south of Kenora, in northwestern Ontario.
Suppliers News (November 13, 2006)
Katanga secures more pieces of copper mine
Toronto Stock Exchange Oct. 31-Nov. 6
Finance Minister Jim Flaherty’s Halloween announcement of changes to the tax treatment of income trusts was the “boo” heard round the markets during the reporting period Oct. 31-Nov. 6. A previously s…
U.S. Markets Oct. 31-Nov. 6
As investors braced for the outcome of mid-term elections, the Dow Jones Industrial Average was once again nudging record territory after rising to 12,105.55 during the Oct. 31-Nov. 6 trading session.
Lihir to take over Ballarat (November 13, 2006)
Lihir Gold (LIHR-Q, LHG-A) has offered to take over Ballarat Goldfields (BLRTF-O, BGF-L, BGF-A) in an all-paper merger that values Ballarat at A$350 million ($300 million). The proposal is to trade fi…
Exchange Rates (November 13, 2006)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Dividends (November 13, 2006)
Company Div. Pay Record ($) Date Date Pr Mtls Mng Trust 0.05 Nov 15 Oct 31 Peabody Energy 0.06* Nov 22 Nov 1 Goldcorp 0.015* Nov 24 Nov 17 Alcoa…
Lending Rates (November 13, 2006)
as of 4 pm ET, Nov. 7, 2006 (%) Bank of Canada 4.50 Target overnight rate 4.25 Canadian Prime 6.00 U.S. Discount Primary 6.25 U.S. Fed Funds market rate 5.25…
Disappointment at El Corazon
Vancouver — Shares of Skeena Resources (SKE-V, SKREF-O) dropped 30% on high volume following drill results of up to 8.8 metres of 6.2 grams gold per tonne from its El Corazon project, in northwestern…
Peace but still worry in Kyrgyzstan
While the signature of Kyrgyzstan’s president on constitutional reforms has — at least for the moment — quelled t…