Mining Sector Heats Up In DRC
The dog days of August haven’t slowed down the pace of mining deals in mineral-rich Democratic Republic of the Congo (DRC).
News
Iron Ore Contract Settlement Prices Down For BHP Billiton
BHP Billiton (BHP-N, BLT-L) has concluded iron ore price negotiations for the 2009 contract year with a number of its customers. Prices for iron ore fines are about 33% lower than contract prices agre…
Iamgold Boosts Q2 Profits 33%
While Iamgold (IMG-T, IAG-N) is down a mine this year with the closure and sale of its Sleeping Giant mine in Quebec at the end of 2008, production remained relatively steady in its second quarter — …
Noront To Raise $20M In Equity Financing
The “Ring of Fire” multi-metals district in the James Bay lowlands of northern Ontario is getting hotter for shareholders of Noront Resources (NOT-V, NOSOF-O), who have watched their shares surge 287%…
Signs Of Life In Base Metals
There was yet another sign in Western Canada of a recovery in base metals markets during the 31st trading week of the year.
PDAC Criticizes Ontario’s Bills 173 And 191
The following is a condensed version of a presentation by the president of the Prospectors and Developers Association of Canada (PDAC) to the Standing Committee on General Government of the Legislativ…
Base Metal Prices On The Upswing
Bank of America Merrill Lynch has revised its base metal price forecasts for the year, saying prices have risen faster than it had expected.
USGS To Give $250,000 In Grants For Mineral Resource Research
The U. S. Geological Survey (USGS) has announced plans to award up to $250,000 in grants for mineral resource research in 2010 through its mineral resources external research program.
People (August 17, 2009)
Apoquindo Minerals — Bruce Turner appointed president and CEO; Alvaro Fernandez Baca appointed GM for Peruvian subsidiary Minera KoriTambo; Cesar Lopez appointed VP of legal, business development and…
U.S. Markets – August 4-10
The rate of new job losses declined during the Aug 4-10 reporting period as corporate earnings were up, and U. S. markets continued to improve.
Toronto Stock Exchange – August 4-10
BMO Capital Markets is forecasting that the nine-month-long Canadian slump will end in the current quarter. While the initial recovery will be choppy and Canadian exports “are unlikely to stop falling…
TSX Venture Exchange – August 4-10
Though the S&P/TSX Venture composite index gained during the Aug. 4-10 reporting period, it was only by 5.64 points. By and large, the gain was achieved off a blistering trading volume of 117 mill…