Teck Cominco Digs Oilsands
Vancouver — Since entering into its first oilsands investment in late 2005, Teck Cominco (TCK.B-T, TCK-N) seems to be developing a taste for the petroleum side of the resource industry. The Vancouver…
2007
Statoil Moves Into Oilsands With NAOS Takeover
It’s the hollowing out of Canadian private equity: North American Oil Sands, owned by Paramount Resources (POU-T, PRMRF-O), the Ontario Teachers’ Pension Plan, and a number of energy funds, has agreed…
Toronto Stock Exchange May 15-18
The TSX Composite Index continued its skyward ascent over the holiday-shortened trading period of May 15 to 18. The TSX gained 1.4% and finished 202 points higher at 14,105.
TSX Venture Exchange May 15-18
Falling metal prices conspired to weigh the TSX Venture Index down 35.05 points, ending the holiday-shortened May 15-18 trading period at 3,274.6.
U.S. Markets May 15-21
Stock markets advanced strongly in the United States during the May 15-21 trading period, with both the Dow Jones Industrial Average and the Standard & Poor’s 500 Index rising 1.5%, and the Dow to…
Spot Prices Courtesy of Scotiabank Tuesday, May 22, 2007
Precious Metals Price (US$/oz.) Change Gold $663.50 -3.50 Silver $13.07 +0.05 Platinum $1299.00 -24.00 Palladium $374.00 +14.00 Base Metals Price (US$/lb.) Change Nickel $24.37 +0.24 Lead $0.98 +0.05 Copper $3.43…
Resource nationalism
Among the challenges facing the mining industry in the 21st century is the resurgence of resource nationalism.
Bid-Ask — May 15-21, 2007
STOCK EXC BID ASK LAST HIGH LO Agau Res V 0.40 0.46 0.43 0.66 0.30 Allied Nevada T 5.31 5.49 5.35 6.50 4.50 Andean Res T 0.60 0.70 … 0.69…
Lending Rates (May 28, 2007)
as of 9 a.m. ET, May 21, 2007(%)
Grieco Brothers Killed in Plane Crash
Brothers Frank and Joe Grieco, principals of Oshawa, Ont.-crusher manufacturer PR Engineering, died in a small plane when it crashed attempting to land at an airstrip in Dunkirk, N.Y.
Gold Reserve Closes US$164M Financing
Vancouver — Gold Reserve (GRZ-T, GRZ-X) has closed a US$164.2-million financing announced in early May, paving the way for construction to begin at its major holding, the Brisas gold-copper project i…
People (May 28, 2007)
Alma Res. — Clint Sharples appointed director.