Japanese Consortium Buys Into Uranium One
Uranium One (UUU-T, SXRZF-O) will raise $270 million through a private placement with a Japanese consortium made up of Tokyo Electric Power Co., Toshiba Corp., and the Japan Bank for International Coo…
News
Exchange Rates (February 23, 2009)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Feb. 16 Feb. 13 Feb. 12 Feb. 11 Feb. 10 US$ in C$ 1.2437 1.2433 1.2477 1.2424 1.2332 C$ in US$ 0.8041 0.8043 0.8015 0.8049 0…
Lending Rates (February 23, 2009)
as of 9 a. m. ET. Feb. 17, 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 …
Colossus Advances Serra Pelada, Raises $20.5M
The first systematic assay results for the full suite of platinum group elements at Colossus Minerals’ (CSI-T, COLUF-O) Serra Pelada project in Brazil appear to confirm what Vic Wall, the company’s pr…
Lme Warehouse Levels (February 23, 2009)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 17, 2009 (change from Feb. 10 in brackets):
Spot Prices (February 23, 2009)
COURTESY OF SCOTIABANK
Chinalco Deal Rankles Rio Tinto Shareholders
The sixth trading week of 2009 saw a blockbuster deal struck between Rio Tinto and Aluminum Corp. of China (Chinalco), which has the Chinese state-owned major pumping a much larger than anticipated US…
COMMENTARY: Maintenance: Cost Versus Investment
Mining is a tough business and in order to stay competitive, every available advantage must be considered and wherever possible, put into practice.
Colombia Proving Golden For Ventana
VANCOUVER — An intense three-year drilling effort in Colombia keeps returning bonanza gold grades for Ventana Gold (VEN-T).
Gold Hawk Restructures Debt
Gold Hawk Resources (CGK-V, CGHRF-O) has restructured its debt in the nick of time.
Producer And Dealer Prices (February 23, 2009)
Antimony: Mid-mkt US$4,350 /t.
Court Blocks Rusoro Bid For Gold Reserve
Rusoro Mining (RML-V, RMLFF-O) has dropped its hostile takeover offer for Gold Reserve (GRZ-T, GRZ-X), after the Ontario Superior Court of Justice issued an interlocutory injunction on Feb. 10 stoppin…