Iron Ore: Will Benchmark Pricing Go?
With the growth of spot pricing for iron ore, it looks as if the existing system, based on a benchmark price set by annual negotiations between miners and steelmakers, is coming under increasing press…
News
Suncor And Petro-Canada To Create Oilsands Behemoth In All-Share Deal
The proposed merger of Suncor Energy (SU-T, SU-N) and Petro- Canada (PCA-T, PCZ-N) will create the largest Canadian company by market capitalization. It will also have the biggest resource footprint i…
Zinc Comeback Drives Canadian Miners
Zinc prices have come back from the dead, and revived zinc producers like Breakwater Resources (BWR-T, BWLRF-O).
Silvermex to buy mine and mill from Aurcana
Silvermex Resources (SMR-V) says that plans to buy the mine and mill next door to its San Marcial silver property i…
Nautilus using down time to improve Solwara 1 plans
Vancouver – Construction of its novel deep-sea mining equipment has been on hold since December but Nautilus Mine…
Mongolian election to take investment climate temperature
At a shareholders meeting earlier this month Ivanhoe Mine’s (IVN-T, IVN-N) president and chief executive, John Mack…
Short Position Report (May 22, 2009)
TSX Short PositionsShort positions outstanding at May 15/09 (wi…
UPDATE: Cardero sells Pampa de Pongo for half price
Vancouver – With a bleak outlook for iron ore markets Cardero Resource (CDU-T, CDY-X) president and CEO Henk van Al…
High River Gold Mines may get bail out from Severstal
Financially strapped High River Gold Mines (HRG-T) says its largest shareholder, Russian steelmaker Severstal, has …
Core drilling more than doubles grades for Oro Gold
Vancouver – It looks like Oro Gold Resources (OGR-V) will have to re-estimate the resource at its Trinidad gold pro…
Platmin to use financing to repay debt
Vancouver – Platmin (PPN-T) is raising $69 million in a private placement arranged through GMP Securities.
Sage scoops up Puma
An all-share merger between Geraldton-Beardmore explorer Sage Gold (SGX-V) and Consolidated Puma Minerals (CPW-V)…