Canadians lead new Scramble for Africa
London, U.K. — Africa is endowed with an abundance of natural resources, particularly minerals — hence the “Scramble for Africa” of the pre-colonization era in the 18th and early 19th centuries, whe…
News
Spot Prices Courtesy of Scotiabank Tuesday, Dec. 4, 2007
Precious Metals Price (US$/oz.) Change Gold $790.25 -33.00 Silver $14.25 -0.40 Platinum $1460.00 -6.00 Palladium $347.00 -9.00 Base Metals Price (US$/lb.) Change Nickel $11.60 -1.24 Lead $1.28 -0.07 Copper $2.94…
Petra Diamonds group to buy De Beers’ Cullinan mine
Vancouver — Petra Diamonds (PDMDF-O, PDL-L) is leading a group planning to buy the Cullinan diamond mine in South Africa from De Beers for 1 billion rand (US$149 million).
CNQ Trading — Nov. 27-Dec. 3, 2007
STOCK TICKER VOLUME HIGH LOW LAST CHANGE HIGH LOW Avanti Mining AVMI 1485 0.60 0.52 0.59 0.00 0.80 0.40 Bison Gold Exp BGEI 89 0.15 0.15 0.15 0.00 0.50 0.10…
More water woes for Cameco (December 10, 2007)
Vancouver — Water problems are again affecting underground operations at a Cameco (CCO-T, CCJ-N) uranium project in northern Saskatchewan’s Athabasca basin.
Century kicks off hostile bid for Sulliden (December 10, 2007)
Century Mining (CMM-V, CMNZF-O) has formally launched its hostile, all-share takeover bid for Sulliden Exploration (SUE-T, EXSDF-O).
Gold isn’t all that glitters
While investors buzz about the possibility of gold breaking the US$1,000 per oz. plateau in the coming year, Patricia Mohr, vice-president of industry and commodity research at Scotiabank, says the ho…
WGC predicts stronger gold
With the 1980 record gold price of US$850 per oz. within sight once again, high demand and tight supply of the yellow metal have the World Gold Council predicting a new price floor, making gold’s futu…
TSX Rights & Warrants (December 10, 2007)
Ascendant Copper (ACX.WT) — Wt buys sh @ $2.50 to Nov 21/10.
Canadian Gold Mutual Funds (December 10, 2007)
Fund name Nov.26($) Dec.3($) Change($) Change(%) YTD(%) MER*(%) Assets*(M$) AGF Pr Mtl 28.38 28.56 -0.18 -0.6 6.1 2.61 692.2 Altamira Pr & Str Mtl 12.48 12.53 -0.05 -0.4 -3.7 2.67…
Rio spends as suitors circle
Rio Tinto (RTP-N, RIO-L) plans to get stronger and thwart BHP Billiton’s (BHP-N, BLT-L) hostile takeover bid the old-fashioned way — through organic growth.
Platinum shortfall
Vancouver — Global demand for platinum is poised to touch a record level of 6.93 million oz. this year, up 195,000 oz. or 2.9% from 2006, says refiner and PGM marketing group Johnson Matthey in its r…