Crystallex loses another round
Crystallex International (KRY-T, KRY-X) has received word from the Director General in the Administrative Office o…
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CNQ TRADING — MAY 20-26, 2008
(100s) WEEK 12-MONTH STOCK TICKER VOLUME HIGH LOW LAST CHANGE HIGH LOW May 20-26, 2008 Alliance Mining AMCL 740 0.10 0.10 0.10 0.00 0.23 0.085 Avanti Mining AVMI 20 0.28 0.28 0…
LENDING RATES (June 02, 2008)
as of 9 a. m. ET, May 27, 2008 (%) Bank of Canada 3.25 Target overnight rate 3.00 Canadian Prime 4.75 U. S. Discount Primary 2.25 U. S. Fed Funds market rate 2.00 U. S. Prime 5…
More consolidation likely in oilsands
News reports that India’s biggest oil producer, Oil & Natural Gas Corp. (ONGC) is negotiating to buy a 100% interest in an unidentified mid-sized Canadian oilsands company has unleashed a flood of…
EXCHANGE RATES (June 02, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date May 26 May 23 May 22 May 21 May 20 US$ in C$ 0.9896 0.9883 0.9861 0.9844 0.9930 C$ in US$ 1.0105 1.0118 1.0141 1.0158 1.0070…
TORONTO STOCK EXCHANGE MAY 20-26
After the TSX Composite Index hit a record high of 15,000 on May 20, the benchmark index slipped 1.9% to 14,758.57 points over the May 20-26 trading session. Other indexes followed suit, with the Capp…
TSX VENTURE EXCHANGE MAY 20-26
The TSX Venture Composite Index surged 4% over the May 20-26 trading period, rising 107.43 points to 2,718.75.
Kinbauri drilling hints at Black Skarn extension
The latest assays from Kinbauri Gold’s (KNB-V) infill drill program at the El Valle mine in Spain show high-grade mineralization that could extend the Black Skarn North zone, possibly linking it up wi…
Mega projects facing mounting costs
Developing Canada’s oilsands is far more complex and expensive than conventional oil and gas production. Multibillion-dollar upgraders are needed to convert the raw bitumen, a heavy, viscous material,…
Teck Cominco a mining pioneer in oilsands
VANCOUVER–The sky-high cover charge for entry into Alberta’s oilsands has kept most mining companies from diversifying into this rapidly expanding sector of the energy business. One notable exception…
Japan Canada Oil Sands to quadruple production at Hangingstone
For a decade now, bitumen production at Japan Canada Oil Sands’ (JACOS) Hangingstone demonstration plant south of Fort McMurray, Alta., has been caught between experimental mode and commercial product…
Greens and nationalists draw North-South lines in oilsands
VANCOUVER — Alberta and Venezuela host most of the world’s heavy oil deposits, with both areas containing recoverable reserves comparable to those of Saudi Arabia. But given the choice between invest…