INTERNATIONAL QUOTES (August 23, 2010)
Australia (A$) Aug 17 Aug 10 Change Aquila Resources 8.69 8.01 0.68 Bendigo Mining 0.18 0.19 -0.01 Centennial Coal 6.04 5.98 0.06 Fortescue Res 4.56 4.59 -0.03 Iluka …
2010
EXCHANGE RATES (August 23, 2010)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Aug 16 Aug 13 Aug 12 Aug 11 Aug 10 US$ in C$ 1.0432 1.0402 1.0434 1.0456 1.0348 C$ in US$ 0.9586 0.9614 0.9584 0.9564 0.9664…
Inmet weathers rough Q2
The second quarter wasn’t the smoothest for Inmet Mining (IMN-T) but the company is confident that it has some of its key issues worked out and is on the right path.
Medoro sees good gold hits at Marmato
Exploration and infill drilling that began in January have turned up the longest intersection widths to date at Medoro Resources’ (MRS-V) Marmato gold project in Caldas, Colombia.
The key players in Quebec’s lithium scene
SITE VISIT Nemiscau, Que. — Quebec has earned a reputation for being one of the world’s best mining jurisdictions. So it seems only fitting that lithium — widely touted as the metal of the future — would be found in great abundance in the…
Permitting delays Labrador Iron’s DSO mine
VANCOUVER — While moving towards a direct-shipping iron ore (DSO) operation in Labrador, a few problems have surfaced for Labrador Iron Mines Holdings (LIM-T).The company is working to commission a multi-stage open-pit mine at its…
Rockland looks for lost Retty Lake deposit (August 23, 2010)
New junior Rockland Minerals (RL-V) is on the hunt for a mystery copper-nickel-platinum group metals (PGM) deposit in the southern Labrador Trough along the Quebec-Labrador border.Rockland is waiting for the results of a recent airborne…
Maudore boosts gold resource at Comtois
VANCOUVER — Deeper drilling and better gold prices have allowed Maudore Minerals (MAO-V, MAOMF-Q, M6L-F) to more than double the gold resource at its Comtois project, near Val d’Or, Que., to 1.2 million contained ounces.The initial 2002…
Fraser Institute: Quebec loses limelight
After being named the world’s best place to mine for three consecutive years, Quebec falls to third spot, according to the recent Fraser Institute’s Survey of Mining Companies: 2010 Mid-year Update. Respondents included more than 400…
Consolidated Thompson hits key milestone at Bloom Lake
In late July Consolidated Thompson Iron Mines or CLM (CLM-T) shipped the first iron ore concentrate to its Chinese partner WISCO from the company’s Bloom Lake mine on the south end of the Labrador Trough, an area spanning northeastern Quebec…
Goldbrook advances Nunavik
Construction of the Nunavik nickel project in Ungava, Que., is back on track with a startup goal of early 2012 now that Jien Canada Mining, a subsidiary of China’s Jilin Jien Nickel Industry Co., has approved a $122.4 million budget for this…
Marathon PGM continues to extend Leprechaun
VANCOUVER — Marathon PGM (MAR-T) has pulled some significant drill results from the Valentine Lake gold project in central Newfoundland, about half-way through its summer exploration program.