U. S. MARKETS (April 28, 2008)
Are U. S. stocks starting to recover? The chief investment strategist and chairman of the investment policy committee at Standard & Poor’s seems to think so. In an investment outlook teleconferenc…
News
MacLean Engineering brings new scissor truck to Canada
MacLean Engineering and Marketing, the Collingwood, Ont.-based supplier of underground mining equipment has announced the introduction of its new Mine Mate series scissor truck to the Canadian market.
Will technology derail the uranium boom? (April 28, 2008)
Emerging from a long slump, uranium has consistently proven itself as a hot commodity over the last decade, with a price performance nothing short of stellar. According to Ux Consulting Co. of Roswell…
Thompson Creek weighs risk and reward at Davidson (April 28, 2008)
VANCOUVER — Risk-averse major mining companies didn’t rush to revive molybdenum properties as prices began to climb in 2004, after averaging US$4.50 per lb. for a decade. They’d seen moly prices soar…
Golden Arrow hits the mark
Drill results that revealed continuous gold and silver mineralization over a lengthy intercept at the Poncha gold-copper project, in Argentina, drove Golden Arrow Resources’ (GRG-T, GARWF-O) shares up…
Fiesta’s over in Ecuador
The chaotic unravelling of Ecuador’s mineral exploration scene dominated talk in global mining circles during the week ended April 19, the 16th trading week of 2008.
INTERNATIONAL QUOTES (April 28, 2008)
Australia (A$) April 22 April 8 Change Bendigo Mining 0.29 0.29 0.00 Centamin Egypt 1.51 1.49 0.02 Croesus Mining 0.28 0.28 0.00 Kingsgate Cons. 4.31 4.15 0.16 Lion S…
LENDING RATES (April 28, 2008)
as of 9 a. m. ET, April 22, 2008 (%) Bank of Canada 3.75 Target overnight rate 3.00 Canadian Prime 5.25 U. S. Discount Primary 2.50 U. S. Fed Funds market rate 2.25 U. S. Prime …
Rio Tinto Alcan developing greener smelting technology
Aluminum giant Rio Tinto Alcan, a subsidiary of Rio Tinto, has announced that it has begun development of new smelting technology that could reduce energy consumption by 20%.
Alberta Star explores historic uranium area
Alberta Star Development (ASX-V, ASXSF-O) delved deep into the Northwest Territories’ uranium past and is finding what could develop into the area’s future.
EXCHANGE RATES (April 28, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date April 21 April 18 April 17 April 16 April 15 US$ in C$ 1.0066 1.0084 1.0113 1.0025 1.0181 C$ in US$ 0.9934 0.9917 0.9888 0.997…
DIVIDENDS (April 28, 2008)
Note: Xstrata will pay its pref sh series 3 div of $0.2862 on June 2, rec May 15. Vale will pay $0.52* on common and pr sh to be paid in two installments on Apr 30 and Oct 31. Alcoa will pay $0.9367* …