LME Warehouse Levels (November 30, 2009)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, November 24, 2009 (change from Nov. 17 in brackets):
News
Toronto Stock Exchange – NOVEMBER 17-23
The S&P/TSX composite index continued to show resilience over the Nov. 17-23 reporting period, warding off the previous week’s minor slump to finish at 11,624.03 points — a gain of more than 100 …
TSX Venture Exchange – NOVEMBER 17-23
The S&P/TSX Venture composite index continued to break 52-week highs, gaining 38.69 points over the Nov. 17-23 reporting period to close at 1,416.63. Strong commodity prices bolstered investor app…
U.S. Markets – NOVEMBER 17-23
U. S. markets remained in a holding pattern during the Nov. 17-23 reporting period, with the Dow Jones Industrial Average inching up just 13.53 points or 0.13% to close at 10,450.95, while the S&P…
Cabo Drilling Boosts Its Treasury
North Vancouver-based driller Cabo Drilling (CBE-V) is planning to use a $870,000 private placement to build its equipment arsenal at a time when discounts are plentiful.
People (November 30, 2009)
Atacama Minerals — Tim Miller appointed president, CEO and a director, replacing a retiring Edward Posey.
Correction (November 30, 2009)
In our article on this year’s Canadian Mining Hall of Fame inductees ( T. N. M., Nov. 23-29/09), we incorrectly stated the date of the inductee dinner. The dinner will take place on Thursday, Jan. 14,…
PDAC Makes Pre-Budget Proposals
— The following is an edited excerpt of the Prospectors and Developers Association of Canada’s (PDAC) pre-budget recommendations to the federal government.
Cliffs Warms To Ring Of Fire
Ontario’s enticing but remote Ring of Fire polymetallic exploration camp took another step towards becoming a mining centre in late November with the first significant move into the camp by a miner ac…
Gleichen Gets Teck’s Morelos Gold Project
VANCOUVER — On the heels of closing a $241-million financing, Gleichen Resources (GRL-V) has acquired Teck Resources’ (TCK. B-T, TCK-N) 78.8% stake in the Morelos gold project for US$150 million and …
Lucara Builds On African Assets
Lucara Diamond (LUC-V) is acquiring a big stake in the AK6 diamond project in Botswana.
Medusa Keeps It Simple At Its Gold Mine In The Philippines
SITE VISIT MINDANAO, PHILIPPINES — It’s not the Abu Sayyaf guerrillas, 500 km away on the other side of the island, or communist rebels, or…