Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankTuesday, August 7, 2012 Precious MetalsPrice…
Volume 98 Number 29 Sep 3 - 9, 2012
Rockwood wants Talison
Rockwood Holdings (ROC-N) is bidding $6.50 per share — a 53% premium — for Talison Lithium (TLH-T) in a deal valuing the company at $724 million on a fully diluted basis.The pure-play lithium producer’s board of directors has…
TSX Venture Exchange
The S&P/TSX Venture Composite Index climbed for a second week, up 18.46 points in the period to end at 1,251.88 points after four days of gains. Volume was fairly consistent and reached an average of 68 million shares traded daily.
Toronto Stock Exchange
The S&P/TSX Composite Index slipped 7.66 points during the trading week to close at 12,082.23.
Saskatchewan potash developers pull in their horns
Rising costs and inconsistent downstream demand have taken a toll on potash and fertilizer producers during the first half of 2012, with volatile global markets now impacting the strategies of several mega miners in Saskatchewan’s…
Plus a change: a trip down memory lane with Frank Callaghan’s International Wayside at Cariboo
With all the hullabaloo swirling around Barkerville Gold Mines (BGM-V) and the new resource estimate for its Cow Mountain gold deposit in central B.C. that has led to a trading halt imposed on the stock by the B.C. Securities Commission…
Letters to the editor: TNM discriminating against chrysotile asbestos
What a deception to read in your editorial, “Ooh la la: Is Plan Nord becoming Plan Non?” (T.N.M. Aug. 20–26/12) that you qualify the support to chrysotile asbestos mining in the Eastern Townships by the Quebec and federal…
Letters to the editor: Barkerville article ‘disturbing’
We have been very long-time subscribers of your newspaper as a source of factually correct information in the mining industry. We want to draw your attention to some serious errors found in your article, “Barkerville in the doghouse with…
Slower, lower, weaker at Olympic Dam
The beleaguered uranium subsector got a bit of an indirect boost in late August. The world’s biggest miner, BHP Billiton, declared as part of its year-end results that the 800-pound radioactive gorilla in the room — a planned…
Riverside, Cliffs test IOCG targets in Mexico
At a time when many juniors are feeling a cash crunch and throttling back spending, Vancouver-based Riverside Resources (RRI-V) is notably busy as a project generator and early stage explorer. Focused on Mexico, the company believes its…
BHP delays Olympic Dam expansion
BHP Billiton’s (BHP-N, BLT-L) decision to delay a US$30-billion dollar expansion of its Olympic Dam copper-uranium-gold mine in South Australia due to escalating capital costs will put a forecasted uranium supply deficit under even…
Rocky times for Great Basin Gold
Technical and infrastructure issues at Great Basin Gold’s (GBG-T, GBG-X) two principal gold projects hammered its revenues and put it deeply into the red in the second quarter, and the company now says it faces a “near-term…