Volume 98 Number 16 Jun 4 - 10, 2012

Photo by The Ministry of Natural Resources

Forest fires threaten Kirkland Lake, Timmins

Raging forest fires attributed to irresponsible campers near the towns of Kirkland Lake and Timmins in northeastern Ontario forced residents from their homes and impacted four regional gold operations. Fire crews and the Ministry of Natural…


Commentary: Let’s not rush into carbon sequestration

Removing atmospheric carbon dioxide produced by burning fossil fuels is becoming a popular issue among environmentalists and government environmental agencies. But the issue needs more study of possible side effects.Anthropogenic global warming…



An aerial view of Clifton Star Resources' historic Beattie gold mine in Duparquet, Quebec. Photo by Clifton Star Resources

Clifton Star adds the ounces at Duparquet

Junior explorer Clifton Star Resources (CFO-V) has seen its extensive resource drilling efforts pay off, with the company delineating a multi-million ounce, open-pit indicated gold resource at its Duparquet project in northwestern…


TSX Venture Exchange

The S&P/TSX Venture Composite Index clawed back much of the steep losses it had suffered the week prior, gaining 81.39 points to end the period at 1,309.27 points after four days of straight gains. The gains came despite fairly low volumes,…


U.S Markets

Volatility remains the buzzword following a roller-coaster ride of a week on Wall Street that saw indexes plunge to multi-month lows before rebounding to modest weekly gains. The Dow Jones Industrial Average fell to 12,315.95 before making a…



China's demand for mineral resources affects mining and exploration worldwide. Pictured above: Shanghai's skyline. Photo by Josephine Lim

The China paradigm and commodity demand

After hosting two days of meetings with government policy advisors, experts and consultants about China’s medium- to long-term demand for commodities, the Nomura Group concludes the country’s industrial demand is “moving to…


Exploring La Escandalosa at GoldQuest Mining's Las Tres Palmas gold-copper project in the Dominican Republic. Photo by Goldquest Mining

GoldQuest soars 613% on new discovery

GoldQuest Mining (GQC-V) shares have taken flight after the company revealed a monster gold intercept from its 15-hole program at the Las Tres Palmas project in the northest Dominican Republic, around 40 km east-southeast from the border with…


Exchange rates

EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date May 28 May 25 May 24 May 23 May 22   US$ in C 1.0241…


Xstrata and JX Nippon pledge $35M to BC coal

Xstrata’s (XTA-L) coal division is wasting little time in advancing its recently secured coal fields in B.C.’s Peace River region, as it and 25% joint-venture partner JX Nippon Oil and Energy launch into a $35-million prefeasibility…


Cartoon

Editorial: Feds show heavy hand in CP strike

Labour relations in Canada took a step backwards in late May, as federal Labour Minister Lisa Raitt tabled back-to-work legislation to end a walkout by 4,800 Canadian Pacific Railway locomotive engineers and conductors that began on May 23 as a…


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