Rio Tinto sells Jacobs Ranch to Arch Coal
It looks like Rio Tinto’s (RTP-N, RIO-L) recent US$19-billion cash infusion from Chinese state-owned Aluminum Corp….
News
Vedanta buying Asarco for US$1.7B
Vancouver – Beleagured US copper giant Asarco has agreed to Vedanta Resources’ (VED-L) revised US$1.7 billion offer…
Canadian Royalties to renegotiate debentures
If market conditions don’t improve, Canadian Royalties (CZZ-T) might not have enough cash to pay interest on $137.5…
Policy changes in Zimbabwe lead New Dawn to restart development
New Dawn Mining (ND-T) plans to take its 100%-owned Turk mine in Zimbabwe out of care and maintenance and put it ba…
Good grades can’t lift Hana
The latest results from Hana Mining’s (HMG-V) Ghanzi copper and silver project in Botswana returned high grades, bu…
TSX Short Positions (March 09, 2009)
Short positions outstanding at Feb. 15/09 (with changes from Jan. 31/09).
Exchange Rates (March 09, 2009)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Mar. 2 Feb. 27 Feb. 26 Feb. 25 Feb. 24 US$ in C$ 1.2890 1.2707 1.2456 1.2556 1.2470 C$ in US$ 0.7758 0.7870 0.8028 0.7694 0….
Lundin Loss Nears US$1B In 2008
VANCOUVER — Lundin Mining (LUN-T, LMC-N) lost almost US$1 billion in 2008 and now carries US$267 million in debt following the failure of a planned merger with HudBay Minerals (HBM-T, HBMFF-O), but t…
Lines Are Drawn In Battle For HudBay
VANCOUVER — After spending $460 million to acquire a nickel project that’s since been shelved and then attempting to take over Lundin Mining (LUN-T, LMC-N) in a deal that shareholders resoundingly re…
Richmont Sees Healthy Q4
While other junior miners continue to be undercut by economic uncertainty, Richmont Mines’ (RIC-T, RIC-X) fourth-quarter results show a company being rewarded for its shrewd moves.
Sherritt Plots Return To Low-Cost Glory Days
Sherritt International (S-T, SHERF-O) wants to get back to where it started — or at least where it was eight years ago.
Breakwater Struggles To Stay Afloat
Breakwater Resources (BWR-T, BWLRF-O) posted a net loss of $88.3 million or 20¢ per share in 2008 compared with net earnings of $23.4 million or 6¢ per share in 2007.