Mincor slams Australia’s mining tax
As Australian Prime Minister Kevin Rudd and his Labor Party argue the merits of their newly proposed Resource Super Profits Tax, the Australian mining industry is gearing up to fight it.
News
Sierra Minerals, Goldgroup form Goldgroup Mining
Shareholders have given the go-ahead for Sierra Minerals and privately- held Goldgroup Resources to combine their assets in Mexico in a merger they hope will create an intermediate gold producer with …
US$401-M IOC expansion greenlighted
Rio Tinto (RIO-N, RIO-L) stands to be one of the biggest losers if Australia passes a proposed 40% tax on windfall profits on all operating mines in Australia and it appears the U.K.-headquartered min…
PEOPLE (May 17, 2010)
Alcoa — Klaus Kleinfeld elected chairman and CEO, succeeding a retiring Alain Belda; Frank Thomas and Henry Schacht retiring as directors; Arthur Collins, Jr. elected a director.
TORONTO STOCK EXCHANGE -May 4-10
It was a wild ride for the TSX composite index over the May 4-10 period.
TSX VENTURE EXCHANGE -May 4-10
The S&P/TSX Venture composite index dropped during the May 4-10 trading period, following jitters about Greek sovereign debt and wild market trading, possibly caused by runaway computer trading. T…
U.S. MARKETS -May 4-10
A US$1-trillion emergency rescue package to contain Greece’s debt crisis is not a long-term fix for the problems afflicting Europe but was enough to resurrect U.S. equity markets after their biggest-e…
SPOT PRICES (May 17, 2010)
COURTESY OF SCOTIABANK
LME WAREHOUSE LEVELS (May 17, 2010)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 11, 2010 (change from May 4 in brackets):
PRODUCER AND DEALER PRICES (May 17, 2010)
Antimony: Mid-mkt US$9,333.33/t.
DAILY METAL PRICES (May 17, 2010)
Date May 10 May 7 May 6 May 5 May 4 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 1980/2020 1941/1975 1925/1950 1951/1980 2050/2075 Alumi…
CANADIAN GOLD MUTUAL FUNDS (May 17, 2010)
Featured Fund: AGF Precious Metals (US$) as of 08/31/09 (in weighted order): Goldcorp, Kinross Gold, Iamgold, Central Fund of Canada, Agnico-Eagle Mines, Inmet Mining, Eldorado Gold, Randgold, Osisko …