INTERNATIONAL QUOTES (June 02, 2008)
Australia (A$) May 27 May 20 Change Bendigo Mining 0.31 0.32 -0.01 Centamin Egypt 1.42 1.44 -0.02 Croesus Mining 0.33 0.30 0.03 Kingsgate Cons. 5.62 5.60 0.02 Lion Se…
News
Coalcorp raises $120M for ‘streamlined growth’
VANCOUVER — After a strategic review prompted by an unsolicited takeover offer, Coalcorp Mining (CCJ-T, CCJMF-O) is planning to ramp up production at its La Francia coal mine in Colombia to 6 million…
Oromin rewarded for rapid progress at Sabodala
VANCOUVER — It’s a golden cycle for Oromin Explorations (OLE-V, OLEPF-O): strong drill results prompt the company to add more rigs to its Sabodala gold project, then the added rigs produce more stron…
Runaway tailings forces closure of Gold Hawk’s Coricancha mine in Peru
Unexplained ground movement around the dry tailings storage area of Gold Hawk Resources’ (CGK-V, CGHRF-O) Coricancha silver-gold-lead-zinc mine in Peru has forced the company to shut down crushing and…
Redhawk hits near-surface
Redhawk Resources (RDK-V, RHWKF-O) has intersected some solid copper grades at its Copper Creek project, near San Manuel, Ariz., that it believes will add important near-surface resources to its next …
More consolidation likely in oilsands
News reports that India’s biggest oil producer, Oil & Natural Gas Corp. (ONGC) is negotiating to buy a 100% interest in an unidentified mid-sized Canadian oilsands company has unleashed a flood of…
Kinbauri drilling hints at Black Skarn extension
The latest assays from Kinbauri Gold’s (KNB-V) infill drill program at the El Valle mine in Spain show high-grade mineralization that could extend the Black Skarn North zone, possibly linking it up wi…
EnCana narrows its focus with oilsands spinout
For EnCana (ECA-T, ECA-N), being big had its disadvantages.
Hello US$130 oil
The macroeconomic effects of higher oil prices made headlines around the world during the week ended May 24, the 21st trading week of 2008.
Recovering stranded bitumen
There is a way to access stranded bitumen resources while at the same time improving reclamation performance — that’s what mining engineer Howard Keele would like to prove with a conceptual technolog…
Titan finds Japanese partner for Athabasca uranium project
Titan Uranium (TUE-V, TUEFF-O) will receive $9 million in exploration funding over the next three years from Japan Oil, Gas and Metals National Corp. (JOGMEC), in return for a 50% interest in the Virg…
Mega projects facing mounting costs
Developing Canada’s oilsands is far more complex and expensive than conventional oil and gas production. Multibillion-dollar upgraders are needed to convert the raw bitumen, a heavy, viscous material,…