Canada aims to set new records
Speaking at the recent China Mining Conference in Beijing, Stephen Lucas, assistant deputy minister of Natural Resources Canada, said the country’s total exploration budget this year could reach an un…
News
People (December 10, 2007)
Universal Uranium — Chairman Ronald Atlas appointed interim president.
Toronto Stock Exchange Nov. 27-Dec. 3
While economists continue their age-old debate over whether Canada catches a cold every time the U.S. sneezes — investor confidence seemed remarkably upbeat on the Toronto Stock Exchange during the t…
U.S. Markets Nov. 27-DEC. 3
In a week that saw no less than three Federal Reserve Bank officials — including chairman Ben Bernanke — talking out of school about tweaking interest rates, United States equity markets put up a st…
TSX Venture Exchange Nov. 27-Dec. 3
The Nov. 27-Dec. 3 trading session was a subdued one for the S&P-TSX Venture Composite Index. The junior board saw slightly more in the way of losses than gains to close down 59.3 points, or 2.2%,…
CVRD changes name to Vale
Say goodbye to the abbreviation CVRD. Companhia Vale do Rio Doce, the Brazilian mining giant, has changed its name to Vale (RIO-N).
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…
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).