Avanti secures $640M financing for Kitsault
Avanti Mining (AVT-V) has secured a much-needed major financing for its Kitsault molybdenum mine in northern B.C., with five lenders agreeing to provide up to $640 million in loans.
Volume 98 Number 12 May 7 - 13, 2012
Editorial: Stealth Bill C-38 upends CEAA
Over the years, mine developers in Canada have heard politicians at the provincial and federal level make so many empty promises to streamline the redundancy-laden process for mine approvals, it’s been easy to tune them out and temper…
Commentary: Greenland, the northern hemisphere’s last frontier
Global demand for raw materials is increasing, and we believe Greenland can play a part in meeting demand.
Feds propose sweeping changes to environmental review process
The Canadian government has outlined broad changes to the federal environmental assessment process as part of a wide-ranging omnibus budget bill.
People
Arianne Resources — Jean-Sébastien David appointed VP of operations.
Market news
Toronto Stock Exchange
Spot prices
Tuesday, May 1, 2012
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 30, 2012 (change from April 23 in brackets):
Producer and dealer prices
DateApr 30Apr 27Apr 26Apr 25Apr 24
Canadian gold mutual funds
Fund name Apr. 30 Apr. 22ChangeChangeYTDMER*Assets*
North American stock exchange indices
DateApr 30Apr 27Apr 26Apr 25Apr 24HighLow
TSX short positions
Short positions outstanding at Mar. 31/12 (with changes from Mar. 15/12).