Gold Fields cuts deal with Iamgold
Gold Fields (GFI-N, GFI-J) wants as much control over its key mining assets as it can get, and is buying Iamgold’s (IMG-T, IAG-N) minority stake in a project in Ghana.
Volume 97 Number 10 Apr 25 - May 1, 2011
Where does uranium go now? (April 25, 2011)
While the environmental and social consequences of the Fukushima Daiichi nuclear power plant disaster rightfully remain the focus of most onlookers, its effect on uranium prices has not gone unnoticed either.
Market news (April 25, 2011)
Toronto Stock Exchange
Spot prices (April 25, 2011)
Tuesday, Apr. 19, 2011
LME warehouse levels (April 25, 2011)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Apr. 18, 2011 (change from Apr. 1 in brackets):
Peregrine Metals is on the move
With the war for talent heating up in the mining industry, it was something of a coup for junior Peregrine Metals (PGM-T) to snag as its new president Richard Leclerc – a seasoned mining veteran who, over his 29-year career, has been a key…
Capstone bids $725M for Far West, partners with KORES
Capstone Mining (CS-T) has made a $725-million bid for Far West Mining (FWM-T) for its Chilean copper project while bringing on South Korean partner – Korea Resources Corp. (KORES) – to front the cash.
Mercator to buy Creston Moly for $195M
Mercator Minerals (ML-T) has agreed to buy Creston Moly (CMS-V) in a friendly merger with significant potential for synergies that values Creston at $195 million.
EMED clears permitting hurdle
After years of struggling through a bureaucratic, political and legal quagmire, Cyprus-based EMED Mining (EMD-T, EMED-L) finally looks to have production at its Rio Tinto copper project in Spain within sight.
People (April 25, 2011)
African Aura Mining – Steven Poulton resigned as a director.
Delavaco Capital spawns Dalradian Resources, Tolima Gold (April 25, 2011)
In the early 1990s Andy DeFrancesco was working as an equity trader at C.M. Oliver – Canada’s oldest brokerage house until it was bought out later that decade by Canaccord Capital.
Gold cracks US$1,500, silver above US$45
Mid-April was one of those times when gold bugs ask themselves, “why is everyone else so slow to catch on?”