SPOT PRICES (November 03, 2008)
COURTESY OF SCOTIABANK
News
LME WAREHOUSE LEVELS (November 03, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 28, 2008 (change from Oct. 21 in brackets):
TSX VENTURE EXCHANGE – OCT. 21-27
The Oct. 21-27 trading session was another tough week for the S&P-TSX Venture Composite Index. The junior board lost 175.95 points to end the week at just 808.99 points. The Venture board hadn’t b…
TORONTO STOCK EXCHANGE – OCT. 21-27
Heavy losses in the mining sector weighed down the S&P-TSX Composite Index over the Oct. 21-27 trading period. Any signs that the worst had passed were quickly erased as the index plummeted 16.7% …
U. S. MARKETS – OCT. 21-27
U. S. markets continued their descent during the Oct. 21-27 trading session, with the market anticipating a global recession weighing on corporate profits. The Dow Jones Industrial Average lost 1,090 …
PEOPLE (November 03, 2008)
GlobeStar Mining — David Brace appointed CEO.
Severstal and Chalco cutting output (November 03, 2008)
Severstal, Russia’s largest steel maker, is slashing output in Russia, the U. S. and Europe by 25-30% amidst slowing demand, according to a report by Bloomberg news.
Lake Maitland shows strong economics for Mega Uranium
Vancouver — A month after the government in Western Australia lifted a ban on uranium mining, Mega Uranium (MGA-T, MGAFF-o) released a preliminary economic assessment for its Lake Maitland project th…
Suppliers News: Atlas Copco opens new factory in North Bay
Stockholm-based mining equipment supplier Atlas Copco, has announced the opening of a new factory in North Bay, Ont.
Suppliers News: IISI becomes World Steel Association
The International Iron and Steel Institute has changed its name to the World Steel Association to better reflect its global expansion.
Book Excerpt: Jewel of the Kootenays: The Emerald mine
— The following is an edited excerpt from Jewel of the Kootenays: The Emerald Mine, an oral history of British Columbia’s Emerald lead-zinc-tungsten mine by Larry Jacobsen. The 335-page book is avail…
Editorial: Loonie plunges as oil prices slide
Canada’s loonie seems to dip and dive just like any other petrodollar these days, if the week ended Oct. 25, the 43rd trading week of 2008, is anything to go by.