General Moly gets Chinese backing
A flurry of news from General Moly (GMO-T, GMO-N) had the company playing market darling, in early March.
News
Rock fall kills three at Barrick mine in Tanzania (March 29, 2010)
VANCOUVER– Three miners at the Bulyanhulu underground gold mine in Tanzania were killed on March 16 by falling rocks. Owner Barrick Gold (ABX-T, ABX-N) immediately suspended mining operations and the…
Renard flashes with brilliance
One of the most pleasant surprises of the eleventh trading week came out of Canada’s beleaguered junior diamond subsector, as equal joint-venture partners Stornoway Diamond and Soquem transformed thei…
New claims tax unfair to Nevada explorers
The following is an open letter from John Gardiner, president and CEO of Nevadafocused junior mineral explorer, Taranis Resources, to the president of the Nevada Mining Association, Tim Crowley.
NZ gov’t proposes opening land to miners
New Zealand is facing a political divide on its government’s proposal to open up conservation land for mining.
PEOPLE (March 29, 2010)
Arian Silver — David Cather retired as a non-executive director.
TORONTO STOCK EXCHANGE -MARCH 16-22
While markets rallied south of the border on the passage of national health care reform, it was a sideways period for the TSX composite index. The index finished the March 16-22 period 12 points lower…
TSX VENTURE EXCHANGE -MARCH 16-22
The S&P/TSX Venture composite index lost ground four of five days over March 16-22 to end the week down 6.92 points at 1554.59. Daily trading volumes remained strong over the week, averaging 116 m…
U.S. MARKETS -MARCH 16-22
The Dow Jones industrial average edged up 99.91 points or 0.94% to finish the March 16-22 reporting period at 10,785.89, while the S&P 500 index advanced 6.36 points or 0.55% to 1,165.81. The Nasd…
SPOT PRICES (March 29, 2010)
COURTESY OF SCOTIABANK
LME WAREHOUSE LEVELS (March 29, 2010)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 23, 2010 (change from Mar. 16 in brackets):
PRODUCER AND DEALER PRICES (March 29, 2010)
Antimony: Mid-mkt US$5750.00/t.