Is coal the new gold? (February 18, 2008)
UBS and Citigroup Global Markets have raised their price forecasts for thermal and coking coal for the coming two years and it’s not just because of the disruptive floods washing across Queensland in …
News
How to approach a bear: Amsterdam’s advice on Russia
Robert Amsterdam’s advice to Canadian businesses and government regarding Russia is simple: be firm. During a recent speech to members of the Economic Club of Toronto the lawyer to one of Russia’s …
Century withdraws Sulliden offer (February 18, 2008)
Century Mining (CMM-V, CMNZF-O) has withdrawn its hostile offer for rival Sulliden Exploration (SUE-T, EXSDF-O).
Birim and Goldcrest join forces to take on West Africa
West Africa-focused juniors Birim Goldfields (BGI-T, BRGFF-O) and Goldcrest Resources (GCL-V, GCTRF-O) have agreed to merge after unanimous votes by the boards of both companies.
SPOT PRICES (February 18, 2008)
COURTESY OF SCOTIABANK
Midway doubles Spring Valley gold resource
Midway Gold (MDW-V, MDW-X) has boosted the inferred gold resource at its Spring Valley project in Nevada.
NORTH AMERICAN STOCK EXCHANGE INDICES (February 18, 2008)
52- week Date Feb. 11 Feb. 8 Feb. 7 Feb. 6 Feb. 5 High Low S& P/ TSX- Ven Comp 2541.53 2526.82 2493.04 2505.66 2509.97 3372.00 2340.21 TSX Composite 13130.92 …
Creston drills thick, high-grade moly
VANCOUVER — Creston Moly’s (CMS-V, CMSJF-O) initial round of infill drilling at its El Creston project in Sonora, Mexico, has turned in some long intervals of high-grade molybdenum mineralization.
TSX VENTURE SHORT POSITIONS (February 18, 2008)
Short positions outstanding at Jan. 31/08 (with changes from Jan. 15/08).
Strathmore nearly doubles Reno Creek resource
A new resource estimate for Strathmore Minerals’ (STM-V, STHJF-O) Reno Creek deposit in northeastern Wyoming’s Powder River basin is nearly twice previous estimates.
FACTS ‘N’ FIGURES (February 18, 2008)
With prices of metals and minerals on the rise, it’s no surprise that the value of mineral production in the United States increased 2.9% in 2007 from the previous year.
De Beers gets frostbite in Canada’s Arctic
The week ended Feb. 9, the sixth trading week of 2007, was punctuated by another setback for Canada’s emerging diamond mining industry, with De Beers taking a severe haircut at its new Snap Lake mine,…