U. S. MARKETS SEPT. 9-15
The sentiment on Wall Street was decidedly bearish during the Sept. 9-15 trading session. Investment bank Lehman Brothers filed for bankruptcy protection, while broker Merrill Lynch agreed to be taken…
News
Canplats digs deep for low-grade gold
VANCOUVER — The final nine drill results are in for Canplats Resources’ (CPQ-V, CPQRF-O) Camino Rojo property in the central Mexican state of Zacatecas showing another set of long, relatively low-gra…
Copper Rand mine to close its doors
The Copper Rand mine in Chibougamau, Que., will soon be no more.
Waratah’s coal project nixed in Queensland (September 22, 2008)
An environmental ruling against Waratah Coal’s (WCI-V, WGO-A) multibillion-dollar proposal for a major coal port development on the east coast of Australia has crushed the stock. On the news, Waratah …
Norwegian fund blacklists Rio Tinto over Grasberg stake
VANCOUVER — A $400-billion Norwegian government pension fund has dumped all of its $820 million worth of Rio Tinto (RTP-N, RIO-L) stock in response to the company’s part in a joint venture at Freepor…
Freeport McMoRan a ‘buy’ for Citibank
Despite concerns that the government of the Democratic Republic of the Congo (DRC) will take more cash and a greater share of the massive Tenke Fungurume project, Freeport-McMoRan Copper & Gold’s …
TSX VENTURE EXCHANGE SEPT. 9-15
The S&P-TSX Venture Composite Index has not been spared from the market slaughter of late, losing 236.82 points over the Sept. 9-15 trading session to close at 1,534.81. For reference: less than a…
TORONTO STOCK EXCHANGE SEPT. 9-15
The downward market momentum continued over the Sept. 9-15 trading period; the TSX Composite Index plunged a further 3% to make a total loss of 11% since the beginning of the month. The benchmark clos…
Welcoming Lunch Featured Speaker
David Harquail is President, CEO and a Director of Franco- Nevada Corporation. He was a senior executive of Old Franco- Nevada from 1987 to 2002 and served as President and Managing Director of Newmon…
LME WAREHOUSE LEVELS (September 22, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 16, 2008 (change from Sept. 9 in brackets):
From Pine Point, Tamerlane sees beyond metals trough
With commodity prices tumbling all around it, Tamerlane Ventures (TAM-V) has finished a bankable feasibility study for its Pine Point project, in the Northwest Territories, 130 km south of Yellowknife…
Romarco expands Haile resource
Romarco Minerals (R-V, RTRAF-O) has nearly doubled resources at the past-producing Haile gold mine in South Carolina, prompting the company to change its mine plan design to 7,000 tons per day from 4,…