Cliffs Natural Resources idles metallurgical coal output
As the economic crisis continues to squash demand for steel, Cliffs Natural Resources (CLF-N) is idling some of its…
News
Mosaic’s profit plummets 89% in third quarter
Lower sales and production along with higher costs for materials and reduced selling prices were to blame for Mosai…
Lending Rates (April 13, 2009)
as of 9 a. m. ET. April 7, 2009 (%) Bank of Canada 0.75 Target overnight rate 0.50 Canadian Prime 2.50 U. S. Discount Primary 0.50 U. S. Fed Funds market rate 0-0.25 U. S. Prime 3….
International Quotes (April 13, 2009)
Australia (A$) April 7 March 31 Change Bendigo Mining 0.25 0.25 0.00 Kingsgate Cons. 5.26 5.22 0.04 Lion Selection Ltd 0.95 1.04 -0.09 Newcrest Mining 28.75 32.73 -3.98…
B2Gold Gets Cent’l Sun
VANCOUVER — B2Gold (BTO-T, BGLPF-O) has completed its takeover of Central Sun Mining, following the approval of the deal by Central Sun shareholders.
BC Approves Terrane’s Mt Milligan
VANCOUVER — The British Columbia government has approved an environmental assessment certificate for Terrane Metals’ (TRX-V, TRXOF-O) Mt. Milligan gold-copper project in central B. C.
NA Palladium Bids For Cadiscor
Taking a big step into the gold sector, North American Palladium (PDL-T, PAL-X) has launched a friendly all-share deal for Cadiscor Resources (CAO-V), owner of the dormant Sleeping Giant gold mine in …
Cons. Thompson Gets Chinese Partner
VANCOUVER — Consolidated Thompson Iron Mines (CLM-T) has found itself a partner to develop and run the Bloom Lake iron mine in eastern Quebec.
Griffin Mining Pulls Plug On Ivernia Offer
In an unexpected move, Griffin Mining (gfmif-o, gfm-l) has withdrawn its unsolicited takeover offer for lead miner Ivernia (IVW-T, IVWFF-O).
Royal Gold Buys Andacollo Royalty
VANCOUVER — Teck (TCK. B-T, TCK-N ) and its minority partner have agreed to sell a major share of the anticipated gold stream from their Carmen de Andacollo copper-gold mine in Chile to Denver-based …
Rio Tinto To Idle Diavik, QIT-Fer
Autumn’s global collapse in diamond demand continued to ripple through Canada’s diamond mines during the thirteenth trading week of the year, as the lively Canadian diamond scene grapples with its fir…
First Resource On Fronteer’s Long Canyon
Fronteer Development Group’s (FRG-T, FRG-X) has long said that its Long Canyon gold deposit in the heart of the Pequop mountain range in northeastern Nevada may define an entirely new gold trend, and …