Murenbeeld, Walker Diverge On Gold Predictions
DENVER, COLO. — The average price of gold could top US$1,100 per oz. in 2010 as central banks and investors buy up the metal amidst a new world economy, says Martin Murenbeeld, president of DundeeWea…
News
Barrick Raising US $4B To Slash Hedge Book
As the price of gold surpassed the critical US$1,000 per oz. mark on Sept. 8, Barrick Gold (ABX-T, ABX-N) announced it would substantially trim its gold hedges — derivative instruments originally cre…
China Reaching For Canadian Resources
The financial crisis may have dried up capital for many mining companies in the West but not in China, where cash-rich companies are taking advantage of the credit crunch and going on shopping sprees.
Lions Gate To Go Global With Merger
VANCOUVER — Lions Gate Metals (LGM-V) is planning to buy Aus- NiCo, a private Australian nickel explorer.
Xstrata Ponders Merger Options
Xstrata (XSRAF-O, XTA-L) could be gearing up for another run at the world’s third-largest platinum producer, Lonmin (LMI-L).
No Moto? No Problem: Red Back Eyes Organic Growth In Africa
These are good days for Red Back Mining (RBI-T, RBIFF-O) in the West African country of Mauritania.
Party Time For Gold
There’s often a little more seriousness and sobriety in the air in North America the week after Labour Day, as the nights get colder, students head back to school, 9-11 is commemorated and businesses …
Ontario’s Far North Act Would Cause Conflict, Delay: OMA
The following is the second of two edited portions of the Ontario Mining Association’s submission to the Standing Committee on General Government on the Mining Act (Bill 173) and the Far North Act (Bi…
People (September 21, 2009)
Aberdeen International — David Stein appointed president, COO and a director; George Faught has resigned as president but remains CEO and a director.
Obituary: Mineral Exploration Inventor Tony Barringer Dies At 83
Few individuals can rival the impact Tony Barringer made on mineral exploration technology, in the illustrious 50 years he spent pursuing scientific discovery and invention in the industry.
U.S. Markets – Sept. 8-14
U. S. equity markets continued their upswing in the Sept. 8-14 reporting period with the Dow Jones Industrial Average gaining 129.46 points or 1.36% to finish at 9,626.8, while the S&P 500 index a…
Toronto Stock Exchange – Sept. 8-14
The S&P/TSX composite index gained 226.74 points or 2.04% over the Sept. 8-14 reporting period, closing at 11,332.04. The Capped Metals and Mining index increased 14.93 points or 1.78% to finish a…