Volume 98 Number 24 Jul 30 - Aug 5, 2012

An aerial view of core racks at Intrepid Mines' Tujuh Bukit copper-gold project in Java, Indonesia. Photo by Intrepid Mines

Indonesian ‘shadow interests’ frustrate Intrepid

Brisbane, Australia-based Intrepid Mines (IAU-T) is the latest victim in an ongoing nationalization saga in Indonesia and its neighbours. On June 28 an unknown entity seized control of its Indonesian joint-venture partner Indo Multi Niaga…



An aerial view of drought-affected farms, 130 km east of Denver, Colo. Green areas are irrigated, the yellow areas are dryland wheat crops. Photo by Lance Cheung/USDA

US drought: a benefit to fertilizer companies?

If the dry weather in the U.S. continues, it could turn out to be “the worst drought of our generation,” CIBC analyst Jacob Bout writes in a 196-page industry report, noting that damage to the corn crop so far this year is…


Exchange rates

EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date July 23 July 20 July 19 July 18 July 17   US$ in C 1.0172 1.0114 1.0077 1.0112 1.0141  …


The processing plant at Paladin Energy's Kayelekera uranium mine in northern Malawi. Photo by Paladin Energy

Paladin Energy turns the corner

Two months of unplanned shutdowns to upgrade its plant and complete remediation work due to land movement at the Kayelekera open-pit uranium mine in Malawi have not stalled production for junior Paladin Energy (PDN-T), as it increased…


Sinking the Gaumond exploration shaft at Goldcorp's lonore gold project. Photo by Goldcorp

Goldcorp remains on target at Eleonore

Goldcorp’s (G-T, GG-N) new Éléonore gold mine under construction in northern Quebec’s James Bay region is a cornerstone of the company’s four-year expansion of operations worldwide.Éléonore is the…


Northern Graphite falls on Bissett Creek feasibility study

A race is on amongst prospective graphite producers and Ottawa-based Northern Graphite (NGC-V) has been one of the favourites with its advanced-stage Bissett Creek property 100 km east of North Bay, Ont. The company released a bankable…


Barrick undeterred by Argentine glacier ruling

Despite an unfavourable court ruling, Barrick Gold (ABX-T, ABX-N) is confident that its Pascua-Lama gold-silver project in Argentina’s San Juan province will push ahead.Argentina’s Supreme Court ruled that a much-debated…


Floatation cells at Flinders Resources' past-producing Kringel graphite mine in central Sweden. Photo by Flinders Resources

Flinders sees upside in Swedish graphite revival

Just outside the small town of Edsbyn central Sweden sits the idle Kringel graphite mine, which represents a prime opportunity according to Vancouver-based Flinders Resources (FDR-V).With the deposit delineated by the Swedish government in the…


A view of the airstrip at the Colomac project, part of Nighthawk Gold's Indin Lake gold property in the Northwest Territories 220 km north of Yellowknife. Photo by Nighthawk Gold

Nighthawk to soar on NWT gold

Gold finds in the Far North don’t begin and end with the Yukon. While the territory has hogged much of the exploration headlines over the last few years, Nighthawk Gold (NHK-V) is reminding investors that the territory to the east still…


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