Western, Walter in $3.3B merger
VANCOUVER — Two weeks of intense negotiations and due diligence between Western Coal (WTN-T) and Walter Energy (WLT-N) has produced a formal $3.3-billion agreement to merge the two companies and crea…
News
Imperial updates Red Chris feasibility study (December 13, 2010)
VANCOUVER — An updated feasibility study for Imperial Metals’ (III-T) Red Chris project in northwest British Columbia says a $443-million investment would build a mine able to produce 74 million lbs….
Explorator probes copper-gold mantos at El Espino (December 13, 2010)
VANCOUVER — Explorator Resources’ (EXO-V) 23,000-metre drill program at its joint-ventured El Espino project in Chile is showing that the historic mines scattered across the property may have only sc…
Silvore Fox inks agreement with Chinese
A private placement earlier this year, in which Sino Minerals Corp., formerly China Nonferrous Metals Exploration, took a 35.09% equity stake in Nova Scotia-based Silvore Fox Minerals (SFX-V), is star…
Allana gets cash for feasibility in Ethiopia
With $12.4 million in its pocket, Allana Potash (AAA-V) is set to take its potash play in Ethiopia to the next level.
Chaos in Cte d’Ivoire
Cte d’Ivoire (Ivory Coast) witnessed a wave of political violence in early December in the wake of a disputed Nov. 28 national election that saw two rivals each claim they’d won the presidency and ap…
Peru’s Toledo builds bridges with Canadian miners (December 13, 2010)
Alejandro Toledo, president of Peru from 2001-06, announced in November that he is returning to the public stage and running in the Peruvian presidential elections that will be held in April 2011 to f…
Correction (December 13, 2010)
In “Western Copper doubles down on Casino” ( T. N.M., Nov. 15- 21/10) we wrote Western Copper (WRN-T) is spending $56 million exploring Casino this year. The correct figure is $5.6 million.
TORONTO STOCK EXCHANGE -NOV. 29-DEC. 3
Despite some poor economic indicators — such as Canada’s account deficit widening to its largest level since 1946 — investors were still holding to the theme of upside potential going forward. Such …
TSX VENTURE EXCHANGE -NOV. 29-DEC. 3
For a second week the S&P-TSX Venture composite index shrugged off its short downturn and made overall gains of 52.93 points, ending at 2,109.93.
U.S. MARKETS -NOV. 29-DEC. 3
U.S. stocks finished the Nov. 29-Dec. 3 week with a strong performance, amid mixed economic data. While U.S. retailers reported strong November sales, a new jobs report showed unemployment had risen t…
SPOT PRICES (December 13, 2010)
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