Optimism Returning: Survey
— The following are the latest findings of the Mining Recruitment Group’s Executive Survey, which was distributed and completed during the first two weeks of December 2009. This survey is the fifth i…
Volume 95 Number 47 - Jan 11 - Jan 17, 2010
IFC To Buy Helios Stake
VANCOUVER — International Finance Corp. (IFC), the private-sector investment arm of the World Bank, plans to take a 15% stake in Tanzania-focused Helio Resource (HRC-V), making it the junior’s second…
Goldcorp Battles Penmont For Canplats
VANCOUVER– Goldcorp (G-T, GG-N) and Minera Penmont have proven themselves worthy adversaries in a bidding war for Canplats Resources (CPQ-V) and its gold-silver-lead-zinc project in Mexico: the origi…
Fitch Ratings Weighs In With Base Metal Forecasts
For the next two years, spending on mining exploration and expansion projects will remain on average below peak levels reached in 2008, according to analysts at Fitch Ratings in a Dec. 22 special repo…
People (January 11, 2010)
Alcoa — Nicholas Ashooh appointed VP of corporate affairs, replacing John D. Bergen, who has been appointed VP of human resources.
Toronto Stock Exchange -Dec. 22-Jan. 4
The TSX Composite Index kicked off the New Year by keeping with the upwards momentum at the end of 2009. The benchmark rose 2.7% or 312.18 points, over the Dec. 22-Jan. 4 trading period to close at 11…
TSX Venture Exchange -Dec. 22-Jan. 4
The S&P-TSX Venture Composite Index enjoyed a happy holidays, gaining 115.76 points between Dec. 22 and Jan. 4 to close the first trading day of 2010 at 1543.93. Daily trading volumes were down, a…
U.S. Markets -Dec. 22-Jan. 4
The New Year got off to a good start when, on the first trading day of 2010, the Dow Jones Industrial Average and the S&P 500 Index registered their highest closes in 15 months and the Nasdaq ende…
Spot Prices (January 11, 2010)
COURTESY OF SCOTIABANK
LME Warehouse Levels (January 11, 2010)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, January 5, 2010 (change from Dec. 29 in brackets):