Belvedere suspends development at Hitura
Plunging nickel prices have forced Belvedere Resources (BEL-V, BLVDF-o) to suspend operations at its Hitura nickel mine, in Finland.
News
First Nickel, FNX add to mine closure list
In the wake of crumbling nickel prices and mine closures, development has been temporarily suspended at a string of nickel projects, among them, First Nickel’s (FNI-T, FNKLF-o) Lockerby mine and FNX M…
LENDING RATES (November 03, 2008)
as of 9 a. m. ET, Oct. 28, 2008 (%) Bank of Canada 2.75 Target overnight rate 2.25 Canadian Prime 4.25 U. S. Discount Primary 1.75 U. S. Fed Funds market rate 1.50 U. S. Prime …
EXCHANGE RATES (November 03, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Oct. 27 Oct. 24 Oct. 23 Oct. 22 Oct. 21 US$ in C$ 1.2930 1.2732 1.2573 1.2499 1.2202 C$ in US$ 0.7734 0.7854 0.7954 0.8001 0…
INTERNATIONAL QUOTES (November 03, 2008)
Australia (A$) Oct 28 Oct 21 Change Bendigo Mining 0.11 0.13 -0.02 Kingsgate Cons. 2.31 3.51 -1.20 Lion Selection Ltd 1.20 1.30 -0.10 Newcrest Mining 17.71 22.37 -4.66 …
African Gold teams up with Newmont in Ghana
African Gold Group (AGG-V, AGGFF-o)is joining hands with Newmont Mining (NMC-T, NEM-n) to develop its Mankranho gold project in Ghana.
Jinshan hitting gold in China’s Gansu province
Not only is Jinshan Gold Mines (JIN-T, JINFF-o) one of just a handful of foreign mining companies producing gold in China, but the Canadian junior also has some good exploration prospects.
Iamgold says Ecuador nearing new mining law
Iamgold (IMG-T, IAG-n) says Ecuador’s recent referendum, in which 63.9% of all voters supported a new constitution bodes well for a new mining law in the country. The referendum included the mandate t…
Cardero offered US$200M for Pampa de Pongo
Vancouver — In the midst of a flurry of questions about slowing Chinese metal consumption, Cardero Resource (CDU-T, CDY-x) saw its share price jump almost 30% on news that a Chinese group wants to bu…
Noront, Rosseau settle ahead of proxy battle
Noront Resources (NOT-V, NOSOF-o) president and CEO Richard Nemis stepped down at the company’s annual meeting on Oct. 28, but he wasn’t denied a proper send off at the at-times emotional meeting, rec…
Coal cushions Teck’s third quarter (November 03, 2008)
Vancouver — For Teck (TCK. B-T, TCK-n) coal continued to be its saving grace in its most recent quarter.
Elusive green macaw stops Infinito for now
Construction at Infinito Gold’s (IG-V, IGFFF-o) Crucitas gold mine has stopped and Costa Rican President Oscar Arias and Environment Minister Roberto Dobles have found themselves in the hot seat for s…