Monument to build Selinsing
Vancouver — Monument Mining (MMY-V, MMTMF-o) is building a mine at its Selinsing gold project, about 100 km north of Kuala Lumpur, Malaysia.
2008
Avanti puts US$424M price tag on Kitsault
Vancouver — To take a crack at reopening the Kitsault molybdenum mine, 140 km northwest of Prince Rupert, B. C., Avanti Mining (AVT-C, AVNMF-o) will have to shell out about US$424 million in capital …
DAILY METAL PRICES (November 17, 2008)
Date Nov. 10 Nov. 7 Nov. 6 Nov. 5 Nov. 4 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 1445/1490 1400.50/1460 1375/1421 1440/1490 1412/14…
NORTH AMERICAN STOCK EXCHANGE INDICES (November 17, 2008)
52-week Date Nov. 10 Nov. 7 Nov. 6 Nov. 5 Nov. 4 High Low S&P/TSX-Ven Comp 914.02 921.88 920.13 951.42 975.27 3048.54 800.57 TSX Composite 9688.80 9596.21 9555.41 9887.20 1…
Hana hits more copper at Ghanzi (November 17, 2008)
Vancouver — Hana Mining has (HMG-v) quadrupled the strike length of Zone 2 at its Ghanzi copper project, in northwestern Botswana, to 2 km. The zone is one of six Hana has targeted on the 4,370-sq.-k…
TSX SHORT POSITIONS (November 17, 2008)
Short positions outstanding at Oct. 31/08 (with changes from Oct. 15/08).
Mining policy, Venezuelan style (November 17, 2008)
Falling oil prices and the global credit crisis are fuelling Venezuela’s descent towards the lowest rungs on the ladder of investor confidence.
Potash One looks at solution mining in Saskatchewan
Vancouver — On the heels of an oversubscribed $10.4-million financing, Potash One (KCL-T, KCLOF-o) is starting prefeasibility work on the Legacy potash project in Saskatchewan, where it hopes to soon…
China’s GDP growth slows to a simmer
As chief economist for non-Japan Asia at Credit Suisse First Boston in Hong Kong and a former senior regional economist and head of China research at Schroders Securities Asia, Dong Tao is probably on…
CANADIAN GOLD MUTUAL FUNDS (November 17, 2008)
as of Sept. 31/08
Thompson Creek boasts stellar Q3
A sudden drop in molybdenum demand over the last few weeks has prompted Thompson Creek Metals (TCM-T, TC-n) to batten down the hatches.
Citigroup turns bearish across the board (November 17, 2008)
Vancouver– In a new commodity outlook Citigroup Global Markets predicts all base metal markets moving to surplus in 2009, meaning trough cycle prices will dominate through 2009.