People (February 16, 2009)
ATW Gold — Graham Harris appointed chairman; David Stone appointed COO.
News
Rio Tinto Sells More Assets To Pare US$37B Debt
Rio Tinto (RTP-N, RIO-L) continues to hack away at its immense debt load with sales to Vale (RIO-N) of its undeveloped potash assets in Argentina and Canada and an iron ore mine in Brazil for US$1.6 b…
World Crude Steel Production Falls 1.2%
World production of crude steel fell 1.2% between 2007 and 2008, with production weighing in at 1.33 billion metric tonnes last year, according to a report released by the World Steel Association.
Vale Builds Its Fleet — Spends US$171M On New Tugboats And Barges
Brazilian mining giant Vale (RIO-N) has signed a contract with three major Brazilian shipyards worth US$171.1 million, to build up the company’s fleet.
Athabasca Potash Pairs Up With SNC-Lavalin At Burr
Montreal-based engineering and consulting firm SNC-Lavalin Group (SNC-T, SNCAF-O), has been contracted by Athabasca Potash (API-T, ABHPF-O) to provide prefeasibility study services for the company’s B…
Lending Rates (February 16, 2009)
as of 9 a. m. ET. Feb. 10, 2009 (%) Bank of Canada 1.25 Target overnight rate 1.00 Canadian Prime 3.00 U. S. Discount Primary 0.50 U. S. Fed Funds market rate 0-0.25 U. S. Prime …
Agnico-Eagle, PotashCorp Scoop Up IR Awards
In a field dominated by the slicker sectors of the Canadian economy such as banking and hi-tech, the investor-relations efforts of a couple of mining companies came out on top at the IR Magazine Canad…
Dividends (February 16, 2009)
Note:Xstrata PLC subsidiary, Xstrata Canada is sending a notice of redemption for all outstanding Cmltv prf sh, series 3, redeemable Mar 1 for $25 each in cash, plus accruded and unpaid dividends. Alc…
Pace pays off with rapid resource for Oroco
Vancouver – It took only $1.25 million and five months of drilling for Oroco Resource (OCO-V) to define a promisi…
Assay lab ‘Oops’: Northern Freegold intercept now bonanza grade gold
Vancouver – Northern Freegold (NFR-V) CEO Bill Harris and president Susan Craig suspected the assay result of a dri…
Victoria Gold and StrataGold propose merger
Nevada-focused Victoria Gold (VIT-V) has made a friendly offer for StrataGold (SGV-V), which has an advanced gold p…
Centamin to bring back gold in land of the Pharaohs
After a long hiatus Egypt is on the cusp of getting a new major gold mine.