Vancouver – Rio Tinto (RIO-N, RIO-L) wants more coal: the major has offered A$3.9 billion for Riversdale Mining (RIV-A), an Australian coal company with one mine in operation, one in construction, and one primed for development.
Four months after he was hired as managing director and chief executive of Coalspur Mines (cpt-t, cpl-a) Gene Wusaty was still working out of his home and a local coffee shop in Calgary and putting business expenses on his personal credit card.
Tuesday, Jan. 4, 2011Precious Metals Price (US$/oz.) ChangeGold $1405.50 +25.00Silver $30.67 +1.60Platinum …
Newly listed NSGold (nsx-v) is determined to make a name for itself in the historic gold camps of Nova Scotia.The junior recently wrapped up a $750,000-exploration drilling campaign on the Mooseland gold project, 110 km by paved highway…
In this Technical Analysis Report we re-visit the Commitments of Traders (COT) report, supplied by the U.S. Commodity Futures Trading Commission to see if any metals appear ready to make a significant move.
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 31, 2010 (change from Dec. 23 in brackets):Aluminium Alloy 69820 (+720)Aluminium 4280600 …
At the opening bell on Dec. 30, 2010, Shear Minerals began trading on a consolidated basis under the new name of Shear Diamonds (srm-v).At the company’s recent annual meeting, shareholders and the board of directors approved a 10-to-1 rollback…
Revised offers in the dwindling hours of 2010 from both Nunavut Iron Ore Acquisition and global steel giant ArcelorMittal (mt-n) for junior Baffinland Iron Mines (bim-t) have grabbed the headlines in the first week of 2011. Nunavut Iron Ore,…
Investors shrugged off the tendency to sell at the close of the year causing the TSX Composite index to rise from 13,231.49 points to 13,443.22 for the Dec. 20-31 period. Perhaps investors were emboldened by year-end figures on the Canadian…
The Dec. 20-31 holiday-filled period saw the S&P-TSX Venture composite index climb 153.52 points to close the year at 2,287.85.Daily trading volume was understandably down somewhat, averaging 120 million shares traded thanks in part…
For the Dec. 20-31 report period, U.S markets were tepid. The S&P 500 closed 13.73 points higher at 1,257.64, marking its best December performance in 19 years. The Dow Jones was up 0.7% to 11,577.51, while Nasdaq closed up at…
Despite all the geopolitical and economic jitters around the world, 2010 proved to be a sweet year for commodities investors.
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