ARM, Vale To Turn Teal Into 50-50 JV
VANCOUVER– In a roundabout deal, Vale (RIO-N) is paying a hefty premium to get its hands on half of Teal Exploration and Mining (TL-T, TLXMF-O).
News
Juniors Looking For A Lifeline
When a mine closes down, it makes news — and so do the attendant layoffs, which even for a small mine, can number in the hundreds.
Gold Reserve, Rusoro Continue War Of Words
Calling Rusoro Mining’s (RML-V, RMLFF-O) unsolicited takeover bid “opportunistic” and “financially inadequate,” Gold Reserve’s (GRZ-T, GRZ-X) board of directors has unanimously recommended that shareh…
Linear Gold And Central Sun Mining To Wed
With the well of money run dry, the mining industry is likely to witness a few marriages of convenience in the months ahead, like the proposed coupling of Linear Gold (LRR-T, LGCFF-O) and Central Sun …
Editorial: Miners Limp Across The Finish Line
The last two trading weeks of 2008 were characterized by miners catching their breath and licking their wounds after a brutal past few months.
Odds ‘n’ sods: Friends close and far
One thing that has always amused me during my 40 years in mining is meeting friends in strange places.
U. S. Markets – Dec. 23-Jan. 5
U. S. stock markets were up during the Dec. 23-Jan. 5. trading session, driven chiefly by the end of the tax-loss selling season and by bargain-hunters scooping up beaten-down issues. There was not mu…
Silvercorp Gains On TLP-LM Prefeasibility
VANCOUVER — China’s largest primary- silver producer, Silvercorp Metals (SVM-T, SVMFF-O), now has a five-year mine plan for its recently acquired and already operating TLP-LM silver-lead project. It …
Lending Rates (January 12, 2009)
as of 9 a. m. ET. Jan. 6, 2009 (%) Bank of Canada 1.75 Target overnight rate 1.50 Canadian Prime 4.00 U. S. Discount Primary 0.50 U. S. Fed Funds market rate 0-0.25 U. S. Prime …
Exchange Rates (January 12, 2009)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Jan. 5 Jan. 2 Jan. 1 Dec. 31 Dec. 30 US$ in C$ 1.1914 1.2107 Holiday 1.2246 1.2217 C$ in US$ 0.8393 0.8260 Holiday 0.8166 0….
Business As Usual After Guinea’s Military Coup
It didn’t take long for unrest to take hold in Guinea after the country’s long-serving president was pronounced dead on Dec. 22 and that has meant increased uncertainty for miners in the country.
International Quotes (January 12, 2009)
Australia (A$) Jan 6 Dec 23 Change Bendigo Mining 0.15 0.15 0.00 Kingsgate Cons. 3.53 3.09 0.44 Lion Selection Ltd 0.78 0.73 0.05 Newcrest Mining 31.60 32.40 -0.80 Zi…