Canadian Exploration Spending Expected To Halve In 2009
VANCOUVER–For a junior to spend even half as much on exploration in Canada this year as compared to last may now be considered pretty normal, if not pretty good.
News
US Gold Raises Gold Bar
US Gold (UXG-T, UXG-X) has upped measured and indicated resources at its Gold Bar project in Nevada by 64% after drilling 20 holes in 2008 and incorporating two other deposits with historic drill data…
Alpha To Take Over Foundation In US$2B Coal Merger
The Big fish Alpha Natural Resources (ANR-N) is using the attractive valuations created by the recession to get even bigger with a friendly all-stock takeover bid for Foundation Coal Holdings (FCL-N).
Golden Goose Updates Magino
Golden Goose Resources (GGR-V, GGOSF-O) has tallied a new resource at its wholly owned Magino property, 40 km northwest of Wawa in northern Ontario, and plans to proceed to a feasibility study.
Uracan Cuts More Uranium Along Quebec’s North Shore
Uracan Resources (URC-V, URCFF-O) has intercepted uranium on the Double S zone at its North Shore project in Quebec, extending the known mineralized zone.
People (June 01, 2009)
Africo Resources — Tony Harwood has resigned as president and CEO.
LME Warehouse Levels (June 01, 2009)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 26, 2009 (change from May 19 in brackets):
Syncrude Works At Reclamation In The Oilsands
Having been one of the earlier entrants into the oilsands in the 1970s, Syncrude, one of the largest oilsands operators, has had some practice with reclamation.
Uranium One Celebrates Start Of Pilot Mining In Kazakhstan
Japanese, Canadian and Kazakh officials collected in a remote corner of Kazakhstan in April to mark the beginning of the pilot-mining phase at the Kharasan uranium project.
Spot Prices (June 01, 2009)
COURTESY OF SCOTIABANK
Producer And Dealer Prices (June 01, 2009)
Antimony: Mid-mkt US$4,350/t.
Daily Metal Prices (June 01, 2009)
Date May 25 May 22 May 21 May 20 May 19 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy Holiday 1190/1215 1201/1240 1210/1245 1222/1255 Alu…