Tough year for De Beers
Diamond producers were faced with a challenging rough market in 2006, however, demand at the retail consumer level remained solid across the world, with an estimated growth of somewhere between 4% and…
News
U.S. Gold in search of the Holy Grail
Robert McEwen, chairman and CEO of U.S. Gold (UGX-T, UXG-X), looks to the recent discovery of the 8-million-oz. Cortez Hills deposit by Placer Dome (now Barrick Gold [ABX-T, ABX-N]) as the motivation …
People (February 19, 2007)
Phelps Dodge — David Elliott appointed VP of cobalt marketing for the Phelps Dodge Sales unit.
LME Warehouse Levels (February 19, 2007)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 12, 2006 (change from Feb. 5 in brackets):
Jubilee expands resource Down Under
A new resource figure for the Sinclair nickel deposit near Leonora, Western Australia, is significantly higher than the previous one.
Lending Rates (February 19, 2007)
as of 2 pm ET, Feb. 12, 2007 (%) Bank of Canada 4.50 Target overnight rate 4.25 Canadian Prime 6.00 U.S. Discount Primary 6.25 U.S. Fed Funds market rate 5.25…
Dividends (February 19, 2007)
Company Div.($) Pay Date Record Date Falconbridge pf2 f Feb 12 Jan 31 Potash C Sask 0.15* Feb 12 Jan 22 Royal Untilites 0.08 Feb 15 Jan 31 Goldcorp 0.15…
Revised feasibility study buoys Yukon Zinc
Vancouver — Yukon Zinc (YZC-V, YZCCF-O) has tabled an “optimized feasibility study” that indicates positive economics for its Wolverine polymetallic project in the Finlayson District of southeastern …
Exchange Rates (February 19, 2007)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
SXR moves to acquire UrAsia (February 19, 2007)
SXR Uranium One (SXR-T, SXR-J) has offered to take over UrAsia Energy (UUU-V, UUU-L) to create a $5-billion uranium company that would have early production from Australia and South Africa, and advanc…
Arch Coal has stellar 2006
Arch Coal (ACI-N) is battling the weak American coal market by slashing its production target this year in anticipation of an upturn in years to come.
Queenstake, YGC to tie knot (February 19, 2007)
The wait by the phone is over for Queenstake Resources (QRL-T, QEE-X), which has found a merger partner in Vancouver-based YGC Resources (YGC-T, YGCFF-O).