First Uranium lowers value of operations (May 03, 2010)
VANCOUVER — First Uranium (FIU-T, FUM-J) has been forced to significantly drop the estimated value of its South African gold-uranium operations after cost escalations and permitting issues.
News
GobiMin sells Yanxi deposit
GobiMin (GMN-V) has agreed to sell most of its equity interest in the Yanxi copper deposit in China’s Xinjiang province for $9 million in convertible bonds and cash to China Daye Non-Ferrous Metals Mi…
Taxes and rumours of taxes
Governments squeezed the golden mining goose a little tighter in two major mining countries over the week.
Mineral exploration in the NWT falls 80% in 2009
Canada’s Northwest Territories seems to be of waning interest to mine-finders, according to a new estimate from Natural Resources Canada (NRCan).
Shaft collapse kills worker at Wolverine mine
VANCOUVER — A shaft collapse at the Wolverine mine in the Yukon has killed one worker, marking the second death at the mine in the past year.
Newcrest still in running for Lihir
Despite Lihir Gold’s (LGG-T, LGL-A, LIHR-Q) rejection of Newcrest Mining’s (NCM-A) offer on April 1, the potential to create the leading gold company in Asia Pacific may be too strong to ward off inde…
PEOPLE (May 03, 2010)
Big Bear Mining– John Glasscock appointed a director.
TORONTO STOCK EXCHANGE -April 20-26
The TSX composite index increased over the April 20-26 trading period, gaining 178 points, or 1.5%, to close at 12,102.97 points.
TSX VENTURE EXCHANGE -April 20-26
The S&P/TSX Venture composite index climbed back up towards its post-recession high over the April 20-26 trading week, gaining 18.89 points to close the week at 1672.85. Daily trading volumes were…
U.S. MARKETS -April 20-26
As Iceland’s volcanic ash storm settled and stranded airline passengers made their way back home, a financial storm brewing over Wall Street captured the news headlines during the April 20-26 reportin…
SPOT PRICES (May 03, 2010)
COURTESY OF SCOTIABANK
LME WAREHOUSE LEVELS (May 03, 2010)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 27, 2010 (change from Apr. 20 in brackets):