Exchange Rates (February 11, 2008)
CANADIAN/ U. S. EXCHANGE ( Bank of Canada noon rate) Date Feb. 4 Feb. 1 Jan. 31 Jan. 30 Jan. 29 US$ in C$ 0.9931 0.9943 1.0022 0.9937 0.9977 C$ in US$ 1.0069 1.0057 0.9…
News
Lending Rates (February 11, 2008)
as of 9 a. m. ET, Feb. 5, 2008 (%) Bank of Canada 4.25 Target overnight rate 4.00 Canadian Prime 5.75 U. S. Discount Primary 3.50 U. S. Fed Funds market rate 3.00 U. S. Prime 6…
ABB heads to the Congo
Swiss-based power and automation group, ABB, has just signed a $15- million deal for six thyristor rectifier plants and related engineering services for a newcopper and cobalt refinery in the Democrat…
People (February 11, 2008)
Adex Mining Inc. — Victor Hendriken appointed operations manager for Mount Pleasant mine property.
Columbia Yukon’s Storie keeps growing (February 11, 2008)
VANCOUVER — The more Columbia Yukon Explorations (CYU-V, CYUXF-O) drills its Storie deposit, in northern B.C., the more molybdenum it finds. Results from a 76-hole drill campaign late last year inclu…
Toronto Stock Exchange Jan. 29 -Feb. 4
Although the TSX Composite Index had its worst January since 1990, falling 4.9% over the month, Canada’s benchmark index started February off on a better note.
TSX Venture Exchange Jan. 29 -Feb. 4
With gold pulling back off new record highs, the S&P-TSX Venture Composite Index eked out a very modest 9.93-point gain over the Jan. 29-Feb. 4 trading session — closing at 2,567.73 on an average…
Noront buoyed by high-grade
VANCOUVER–Noront Resources (NOT-V, NOSOF-O) posted a 20% gain in recent trading on drill results the company says are its highest grade to date from the Double Eagle project, in northeastern Ontario.
Golden Goose plans resource upgrade
As Golden Goose Resources (GGR-V, GOOSF-O) gets its 2008 drill season under way at the Lac Levac nickel project in Quebec, the company is collecting the final assays from a 7,150-metre program complet…
Hunting for nickel in Tanzania
Tanzania’s prospective Kabanga nickel belt was first discovered by the United Nations Development Program (UNDP) in the 1970s.
GFMS forecasts US$1,000 gold in 2008
London-based precious metal consultant, GFMS, has released an updated version of its latest gold market report, Gold Survey 2007.
Editorial: Aluminum gets a rise from power crises in South Africa and China
While aluminum has made the headlines during the past couple of years owing to all the mega-mergers among producers, the fifth trading week of 2008 saw prices for the metal stand out, as supply was hi…