Toronto Stock Exchange, June 24-28
The Toronto Stock Exchange closed trading in positive territory, with the S&P/TSX Composite Index gaining 133 points, or 1.11%, to 12,129.11. Despite the boost, the index is down 2.45% year to date.
Asia
Open-pit mining resumes at Grasberg
The Indonesian government has given the go-ahead for Freeport-McMoRan Copper & Gold’s (FCX-N) to resume open-pit mining at its Grasberg complex after suspending operations there following the death of 28 workers in May.
Silvercorp sees expansion potential in China’s Ying district
VANCOUVER — China-focused silver miner Silvercorp Metals (SVM-T, SVM-N) had a busy year in 2012 on the exploration front, and has released a myriad of results over the past eight weeks that cover 80,000 metres of drilling over three mines…
UPDATE2: Grasberg tunnel collapse kills 28
Twenty-eight workers have died at Freeport-McMoRan Copper & Gold’s (FCX-N) Grasberg mining complex in Indonesia after the roof of an underground training facility collapsed on May 14. Ten others have been rescued.
Who’s afraid of CNOOC?
The $15.1-billion takeover last year of oilsands producer Nexen by state-owned China National Offshore Oil Co., or CNOOC (CEO-N), tested Canadians’ willingness to allow foreign state-controlled firms full access to the country’s…
Centerra’s shares jump on unexpectedly strong Q1
VANCOUVER — There are quite a few moving pieces at Toronto-based Centerra Gold’s (CG-T) flagship Kumtor gold mine in Kyrgyzstan. But despite some uncertainty, the company was able to register a strong first quarter that includes…
Aldridge de-risks Yenipazar in Turkey
A nation at the crossroads of Europe and Asia measuring about 800 by 1,600 km is punching above its weight as an emerging mining jurisdiction, with operating mines owned by Inmet Mining (IMN-T), Eldorado Gold (ELD-T, EGO-N) and Alacer Gold…
New milestone for OceanaGold
Earlier this week OceanaGold (OCG-T, OGC-A) declared that the first concentrate from its Didipio open-pit mine in the Philippines was en route to Japan.
Aldridge de-risks Yenipazar
Turkey—a nation at the crossroads of Europe and Asia measuring about 1,600 km long and 800 km wide—is punching above its weight as an emerging mining jurisdiction with operating mines owned by Inmet Mining (IMN-T), Eldorado Gold…
Alamos gets busy after losing out on Aurizon
Alamos Gold (AGI-T, AGI-N) isn’t letting its failed Aurizon Mines (ARZ-T) bid get it down.
Centerra faces challenges at Kumtor
VANCOUVER — The past year has been marked by operational and jurisdictional challenges for Toronto-based producer Centerra Gold (CG-T) at its flagship Kumtor gold mine, 350 km southeast of Bishkek in Kyrgyzstan.
Centerra continues to face challenges at Kumtor
VANCOUVER — The past year has been marked by significant operational and jurisdictional challenges for Toronto-based producer Centerra Gold (CG-T) at its flagship Kumtor gold mine 350 km southeast of Bishkek in the Kyrgyz Republic.