Noront, Rosseau agree on compromise board
A day before Noront Resources’ (NOT-V) annual shareholders’ meeting — where a dramatic proxy contest was set to de…
News
Intrepid gets positive assays from Paulsens extension
Intrepid Mines (IAU-T) is busy developing two newly found gold zones at its Paulsens gold mine in Western Australia…
Green Macaw gets in the way of Infinito
Costa Rican President Oscar Arias and Environment Minister Roberto Dobles find themselves in the hot seat for their…
Waratah rejects bid by Aussie company
Waratah Coal (WCI-V, WRTHF-o) says a partial takeover bid by Mineralogy Pty. undervalues the company’s Galilee Basin coal project in eastern Australia and has advised shareholders to reject the $1.41-…
Int’l Beryllium builds on the ‘nuclear renaissance’
International Beryllium (IB-V, IBRYF-o) is buying Franklin, Ind.-based Nonferrous Products, a beryllium metalworking and specialty alloy processing company, for about US$10.5 million. The combined com…
Editorial: Uncertainty spawns paralysis
The global financial crisis continued to grind forward during the week ended Oct. 18, the 42nd trading week of 2008, leaving in its wake further depressed metals prices, distressed mining share prices…
Fortress looks to Russia’s Far East
Getting to Fortress Minerals’ (FST-V, FTMNF-o) flagship Svetloye property, in Russia’s Far East, isn’t easy. The gold project lies 750 km west of Magadan, a port city on the sea of Okhotsk, where the …
Metals Commentary: Daiwa Research sets price bottom for mid-2009
A new report from Japan’s Daiwa Institute of Research forecasts that looser monetary policy next year in China will help stimulate a recovery in investment and metal demand there, while a bottom to th…
LENDING RATES (October 27, 2008)
as of 9 a. m. ET, Oct. 21, 2008 (%) Bank of Canada 2.75 Target overnight rate 2.25 Canadian Prime 4.25 U. S. Discount Primary 1.75 U. S. Fed Funds market rate 1.50 U. S. Prime …
EXCHANGE RATES (October 27, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Oct. 13 Oct. 10 Oct. 9 Oct. 8 Oct. 7 US$ in C$ 1.1976 1.1823 1.1952 1.1802 1.1602 C$ in US$ 0.8350 0.8458 0.8367 0.8473 0.86…
Discovering Yukon’s Underworld (October 27, 2008)
Underworld Resources (UW-V, UNDWF-o) recently released promising results from three drill holes at its White Gold property, in the Yukon.
PEOPLE (October 27, 2008)
Africo Resources — Jim Cook, Pieter Deboutte, Matthew Fisher and Douglas Ryan appointed directors.