LME Warehouse Levels (September 14, 2009)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, September 8, 2009 (change from Sept. 1 in brackets):
News
TSX Venture Exchange – Sept. 1 – 4
The S&P/TSX Venture composite index showed renewed strength over the Sept. 1-4 trading week, a session shortened by the Labour Day holiday. The board posted considerable gains on three of four day…
Toronto Stock Exchange – Sept. 1 – 4
The S&P/TSX composite index increased by 1.4%, or 149.26 points, to 11,017.47 points over the Sept. 1-4 trading period, which was shortened by the Labour Day holiday on Sept. 7.
U.S. Markets – Sept. 1 – 4
The Sept. 1-4 trading period — shortened by the Labour Day holiday — was all about gold, as the U. S. dollar’s weakness, concerns about the sustainability of the global economic recovery and fears a…
GFI Threatens Legal Action Against Forsys
George Forrest International (GFI) is threatening legal action after Forsys Metals (FSY-T) said it was cancelling the deal that would have seen GFI acquire Forsys for $579 million.
OMA Weighs In On Ontario’s Bill 173
The following is an edited portion of the Ontario Mining Association’s submission to the Standing Committee on General Government on the Mining Act (Bill 173) and the Far North Act (Bill 191).
Gold Cracks US$1,000
Gold’s day-long breach of the US$1,000-per-oz.-mark was the biggest news for gold bugs around the world in early September.
Sparton Nails $1.7M Loan For China Acquisition
Toronto-based junior Sparton Resources (SRI-V) has secured a $1.7- million loan to complete its acquisition of a coal, germanium and uranium project in southern China.
North American Palladium Backtracks On $50M Debt Issue
North American Palladium (PDL-T, PAL-X) thought twice about issuing convertible notes, and decided it wasn’t such a good idea after all.
Making An Impact
SITE VISIT ZACUALPAN, MEXICO — In retrospect, George Gorzynski says, he wishes Impact Silver (IPT-V, ISVLF-O) hadn’t found the Royal Mines of Zacualpan so quickly….
Nuclear Co-Operation Agreement Close For India, Canada
For the first time in more than a quarter of a century, Canada and India are negotiating an agreement that would allow the two countries to trade in civilian nuclear equipment, technology and uranium.
Lithium: Is It Worth The Hype?
VANCOUVER — Lithium demand is on the rise and supply may or may not be able to keep up, which means that while the recent surge of interest in the light metal has been over the top, the metal’s marke…