U. S. Markets – May 12-18
Data showing that new U. S. housing starts and permits unexpectedly slid to record lows in April — the worst in fact since 1959 — is further proof if anyone needed any that the U. S. economy is far …
News
Toronto Stock Exchange – May 12-15
The TSX was down during the Victoria Dayshortened May 12-15 reporting period, with the S&P/TSX composite index off 331 points, or 3.3%, to 9,763. The mining sector fell harder, with the Capped Met…
TSX Venture Exchange – May 12-15
The S&P/TSX Venture composite index closed the May 12-15 trading week almost unchanged, down just 0.02 points at 1,063.09. Even though the week’s losses ended up cancelling its gains, daily tradin…
Athabasca Minerals: Supplying The Sandsbox
VANCOUVER — Aggregates. Sand and gravel. “I could write a book on them,” says Athabasca Minerals (ABM-V) vice-president Shaun O’Connor-Parsons. It might not make The New York Times best-seller list, …
BC Pipeline Plans Meet Resistance
First Nations, activist shareholders and environmental groups from British Columbia were in Toronto on May 6 to protest Enbridge’s (ENB-T, ENB-N) plan to build two 1,170-km pipelines that will carry o…
Fort Hills’ Future Uncertain
In September 2007, Teck (TCK. B-T, TCK-N) raised its stake to 20% in the Fort Hills Energy Partnership, which is developing the Fort Hills oilsands project in Alberta.
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…
Q1 Strong For Kinross
Lower costs, higher margins and new ounces from mines in Russia, the U. S. and Brazil all added up to record first-quarter revenues and earnings for Kinross Gold (K-T, KGC-N).
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…
Potash One Grows Legacy Resource
VANCOUVER — Saskatchewan produces one-third of the world’s supply of potash, the key ingredient in fertilizer, but the province has not seen a new potash mine in 40 years. With a new, increased resou…
Mosaic’s Profit Falls 89% In Q3
Lower sales and production along with higher costs for materials and reduced selling prices were to blame for Mosaic Co.’ s (MOS-N) dismal third-quarter 2009 earnings, the producer of concentrated pho…
Hana Picking Up Speed At Ghanzi In Botswana
VANCOUVER–Following up on last summer’s percussion-drill campaign at the Ghanzi property in central Botswana, Hana Mining (HMG-V) has confirmed strong copper intercepts with two diamond-drill holes.