Rockwood wants Talison
Rockwood Holdings (ROC-N) is bidding $6.50 per share — a 53% premium — for Talison Lithium (TLH-T) in a deal valuing the company at $724 million on a fully diluted basis.The pure-play lithium producer’s board of directors has…
Volume 98 Number 29 Sep 3 - 9, 2012
Letters to the editor: Barkerville article ‘disturbing’
We have been very long-time subscribers of your newspaper as a source of factually correct information in the mining industry. We want to draw your attention to some serious errors found in your article, “Barkerville in the doghouse with…
Agnico joining Miranda in Colombia
Prospect-generating company Miranda Gold (MAD-V) has enticed mid-tier gold miner Agnico-Eagle Mines (AEM-T, AEM-N) to help out in its efforts to explore for gold in Colombia.The junior says the new alliance, outlined in a letter…
Plus a change: a trip down memory lane with Frank Callaghan’s International Wayside at Cariboo
With all the hullabaloo swirling around Barkerville Gold Mines (BGM-V) and the new resource estimate for its Cow Mountain gold deposit in central B.C. that has led to a trading halt imposed on the stock by the B.C. Securities Commission…
Toronto Stock Exchange
The S&P/TSX Composite Index slipped 7.66 points during the trading week to close at 12,082.23.
TSX Venture Exchange
The S&P/TSX Venture Composite Index climbed for a second week, up 18.46 points in the period to end at 1,251.88 points after four days of gains. Volume was fairly consistent and reached an average of 68 million shares traded daily.
US markets
The Dow Jones Industrial Average and the S&P 500 Index ended a five-week winning streak despite glimmers of hope that the U.S. Federal Reserve may provide more stimulus, and news that the European Central Bank could set targets in a new…
Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankTuesday, August 7, 2012 Precious MetalsPrice…
Short position reports
TSX Short Positions Short positions outstanding at Aug 15/12 (with changes from July…
Anglo American, Codelco settle copper clash in Chile
Following 10 months of mediation and a looming courtroom showdown, Anglo American (AAL-L) and Chile’s state-owned copper miner Codelco have reportedly reached an agreement over the ownership rights of Anglo’s South American…
Rocky times for Great Basin Gold
Technical and infrastructure issues at Great Basin Gold’s (GBG-T, GBG-X) two principal gold projects hammered its revenues and put it deeply into the red in the second quarter, and the company now says it faces a “near-term…
BHP delays Olympic Dam expansion
BHP Billiton’s (BHP-N, BLT-L) decision to delay a US$30-billion dollar expansion of its Olympic Dam copper-uranium-gold mine in South Australia due to escalating capital costs will put a forecasted uranium supply deficit under even…