U.S. Markets – June 16-22
While there is some evidence that the U. S. economy’s rate of deterioration may be slowing and multibillionaire financier George Soros boldly declared on Father’s Day that the worst of the crisis “is …
News
Iamgold To Expand Niobec
Iamgold’s (IMG-T, IAG-N) board has given the green light to a major expansion of the company’s wholly owned Niobec underground niobium mine, situated just north of Chicoutimi in Quebec’s Lac St. Jean …
Teck Sells 33% Of Waneta Dam For $825M
VANCOUVER — In its latest debt-reduction move, Teck (TCK. B-T, TCK-N) is selling a 33% stake in its Waneta hydroelectric dam in southeastern British Columbia to BC Hydro for $825 million.
Mercury Issue Closes Yukon-Nevada Roaster Again
Yukon-Nevada Gold (YNG-T, YNGFF-O) has shut down a portion of its Jerritt Canyon mine operation in Nevada yet again.
PEOPLE (June 29, 2009)
Alcoa — Elizabeth Besen resigned as director of investor relations; Matthew Garth appointed director of investor relations.
Xstrata’s Overture
Mega-merger talk kicked up again at the end of the 24th trading week of the year, as Xstrata unveiled its desire for a “merger of equals” with Anglo American.
Nautilus Hones Undersea Plans
VANCOUVER — Construction of its novel deep-sea mining equipment has been on hold since December, but Nautilus Minerals is seeing opportunity rather than disappointment in its delay: the company has s…
National Bank: Looming Food Crisis To Benefit Fertilizers
National Bank analysts Pierre Fournier and Angelo Katsoras say that a looming food crisis will raise prices of agricultural commodities and challenge the world’s food production capacity. And the fert…
Pebble Creek Gets Key Permit In India
It’s been 13 long years in the making, but Pebble Creek Mining (PEB-V, PBLEF-O) is now just one step away from getting a mining lease for its Askot project, in the scenic foothills of the Himalayas in…
Mongolian Government Suspends Centerra Mining Licence
VANCOUVER– As Centerra Gold’s (CG-T, CAGDF-O) headache in Kyrgyzstan dissipates, a fresh one is building in Mongolia.
Semafo Raising $40.5M
West-Africa focused Semafo (SMF-T, SEMFF-O) plans to raise $40.5 million through a bought-deal financing, the company reports.
Xstrata Triggers Consolidation Talk With Anglo American Offer
Consolidation is the key word again in the base metals sector after Xstrata (XSRAF-O, XTA-L) tabled an informal offer for London-based Anglo American (AAL-L, AAUK-Q) on June 21.