Cadiscor and Tiomin call off proposed merger deal
A risk of legal action from Jaguar Financial (JFC-T, JGFCF-O) was enough to derail a proposed friendly merger betwe…
News
Tahera Diamond finds interested party
Vancouver – CCAA-protected Tahera Diamond, the owner of the closed Jericho diamond mine in Nunavut, says it …
Iamgold to raise $300 million in equity offering
Iamgold (IMG-T, IAG-n) plans to raise C$300 million in an equity offering to help pay for the development of its ne…
Zambia wants Glencore to cough up two assets
The government of Zambia isn’t taking the consequences of falling metal prices lying down.
First Quantum earns US$45.9 million in 2008
Vancouver – Despite record copper production First Quantum Minerals (FM-T) managed to earn just US$45.9 million in …
The PDAC speech Don Coxe didn’t give
Due to a rare Parvo virus contracted on vacation in the Caribbean, Donald Coxe, founder and chairman of Coxe Adviso…
Rio Tinto sells Jacobs Ranch to Arch Coal
It looks like Rio Tinto’s (RTP-N, RIO-L) recent US$19-billion cash infusion from Chinese state-owned Aluminum Corp….
Vedanta buying Asarco for US$1.7B
Vancouver – Beleagured US copper giant Asarco has agreed to Vedanta Resources’ (VED-L) revised US$1.7 billion offer…
Canadian Royalties to renegotiate debentures
If market conditions don’t improve, Canadian Royalties (CZZ-T) might not have enough cash to pay interest on $137.5…
Good grades can’t lift Hana
The latest results from Hana Mining’s (HMG-V) Ghanzi copper and silver project in Botswana returned high grades, bu…
U. S. Markets – Feb. 24 -Mar. 2
U. S. markets were down during the Feb. 24-Mar. 2 trading period. The catalyst for the sell-off was a staggering quarterly loss of US$62 billion, the highest in corporate history, at troubled insurer …
Toronto Stock Exchange – Feb. 24 -Mar. 2
There was a mixture of good and bad news over the Feb. 24-March 2 trading period, making for a 40-point gain on the S&P/TSX composite index to 7,687.51 points. Profits from Canada’s banking sector…