Russia and gold
In a scenario long plotted out by gold bugs, there was another geopolitical shift in the use of the U.S. dollar and gold as financial instruments over the week.
News
Lead, zinc in oversupply in 2010: ILZSG
The International Lead and Zinc Study Group (ILZSG) released preliminary data for world lead and zinc supply and demand during the first nine months of 2010. A brief summary is listed in the tables be…
Rio Tinto to create Sudbury research centre
Rio Tinto (RIO-N, RIO-L, RIO-A) has announced it will establish the Rio Tinto Centre for Underground Mine Construction at the Centre for Excellence in Mining Innovation (CEMI) in Sudbury, Ont. The min…
North American Energy acquires Cyntech
North American Energy Partners (NAEP) (NOA-T, NOA-N) has bought Calgary-based Cyntech, a designer and manufacturer of screw piles and pipeline anchoring systems and a provider of tank maintenance serv…
Inmet contracts SNC-Lavalin for Cobre Panama
Inmet Mining (IMN-T) has awarded a contract to Joint Venture Panama (JVP), a joint venture held 70% by SNC-Lavalin Group (SNC-T), to provide basic engineering for the Cobre Panama copper-gold project …
Orbit Garant buys Advantage Control Technologies
Orbit Garant Drilling (OGD-T) has acquired Advantage Control Technologies (ACT). As part of the transaction, Orbit Garant will buy specialized technologies and equipment, while also expanding its oper…
PEOPLE (December 06, 2010)
Asia Now Resources — Lieng-Seng Wee resigned as a director; Chan Wing Kwong (commonly known as Wing Chan), John Lee Luen Wai, Alex Tjokrorahardjo and Ng Tai Chiu appointed directors.
TORONTO STOCK EXCHANGE -Novenber 22-26
The TSX composite index was off 39 points to 12,892 points for the Nov. 22-26 trading period despite solid data on retail spending and signs of inflation. Along with such bullish indicators came incre…
TSX VENTURE EXCHANGE -November 22-26
The last full week of November saw the S&P-TSX Venture composite index bounce back above the 2,000-point threshold after slipping below it the week before. The index ended up 61.13 points at 2,057…
U.S. MARKETS -November 22-26
The Dow Jones industrial average fell 111.55 points or 1% to finish at 11,092.00, while the S&P 500 index slipped 10.33 points to 1,189.40. Nasdaq added 16.44 points to reach 2,534.56. The Philade…
SPOT PRICES (December 06, 2010)
COURTESY OF SCOTIABANK Tuesday, Nov. 30, 2010 Precious Metals Price ( US$/oz.) Change Gold $1375.00 +14.00 Silver $27.13 -0.18 Platinum $1651.00 -11.00 Palladium $697.00 +12.00 Base Me…
LME WAREHOUSE LEVELS (December 06, 2010)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 29, 2010 (change from Nov. 22 in brackets):