Cameco gets access to Russian warheads
It took longer than expected but Cameco (CCO-T, CCJ-N) has cleared all the regulatory hurdles and has closed its acquisition of nuclear fuels trader NUKEM Energy GmbH (NUKEM).
News
Denison expands Wheeler River resource
An updated resource estimate for the Phoenix uranium deposits in the Athabasca Basin usher them into an exclusive club of high-grade uncomformity deposits that includes the McArthur River mine 37 km to the northeast, the world’s largest…
Northern Freegold homes in on Nucleus deposit high grade
VANCOUVER – A new resource estimate outlining a higher-grade starter zone has put the Freegold Mountain project in prime position as owner Northern Freegold Resources (NFR-V) finalizes the project’s first economic assessment.
Market news: Toronto Stock Exchange
Toronto’s main index rose during the trading week amid strong jobs data.
Market news: TSX Venture Exchange
The S&P/TSX Venture Composite Index started off the new year with a 26.38-point, or 2.2%, gain following four days of trading that culminated in a 1,228.22-point weekly close on Jan. 4.
Market news: U.S. Markets
The benchmark S&P 500 Index reached its highest close since December 2007 during the holiday-shortened trading week, which saw politicians strike a deal to avert the fiscal cliff, while data from the Institute for Supply Management…
Barrick fails to sell African assets to CNG
Barrick Gold (ABX-T, ABX-N) has ended talks with China National Gold regarding the potential sale of its 74% interest in African Barrick Gold (ABG-L), putting off hopes that the major could distance itself from its…
Rising steel production in India to bolster coking coal prices
Talk of coal usually focuses on the thermal variety — the lower-carbon black rock burned in generators to produce electricity — to the neglect of the higher-quality variety used in steelmaking. The focus makes sense: the world…
Consol Energy sells coal assets in Canada
Consol Energy (CNX-N) sold two non-producing coal assets in Western Canada at the end of 2012 for US$127 million, bringing its total asset sales in 2012 to more than US$350 million, the company reported in the new year.
Candente restarts drilling at Caariaco
Candente Copper (DNT-T) has resumed exploration and feasibility drilling this new year on its Canariaco copper-silver-gold project in northern Peru, sending its shares soaring.
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, January 8, 2013Precious MetalsPrice…
Angkor Gold cashes in on Cambodia
It has been just over a year since Vancouver-based Angkor Gold (ANK-V) went public with its stable of Cambodian exploration projects, and it is looking like the company’s early mover strategy in the developing Southeast Asian nation might…