Daily Metal Prices (February 02, 2009)
Date Jan. 26 Jan. 23 Jan. 22 Dec. 21 Dec. 20 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 1032/1100 1020/1060 1020/1060 1036/1105 1066/1…
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North American Stock Exchange Indices (February 02, 2009)
52-week Date Jan. 26 Jan. 23 Jan. 22 Jan. 21 Jan. 20 High Low S&P/TSX-Ven Comp 867.16 859.69 850.21 851.55 856.68 2814.88 678.62 TSX Composite 8656.51 8627.97 8486.56 8757.89…
Great Western Looks South For Rare Earths
As China continually tightens the reins on rare earth exports, Great Western Minerals Group (GWG-V, GWMGF-O) is trying to secure its own supply by signing an option agreement with a South African comp…
Augusta Updates Rosemont Feasibility
An updated bankable feasibility study on the Rosemont copper-molybdenum project in Pima Cty., Ariz., has found that the proposed mine would have an after-tax net present value of 5%, or US$1.28 billio…
Chilean Miner Buys Majority Stake In Explorator Chile
VANCOUVER — Explorator Resources (EXO-V, EXRAF-O) is selling a 51% stake in its Chilean subsidiary, Explorator Chile, to intermediate copper miner Sociedad Punta del Cobre (Pucobre) for a US$17-milli…
TSX Short Positions (February 02, 2009)
Short positions outstanding at Jan. 15/09 (with changes from Dec. 31/08).
Lending Rates (February 02, 2009)
as of 9 a. m. ET. Jan. 27, 2009 (%) Bank of Canada 1.25 Target overnight rate 1.00 Canadian Prime 3.00 U. S. Discount Primary 0.50 U. S. Fed Funds market rate 0-0.25 U. S. Prime …
Anvil Rises On New Mining Contracts In DRC
VANCOUVER–The biggest copper producer in the Democratic Republic of the Congo (DRC) has finalized mining contract renegotiations for two of its three mining operations. After more than a year of disc…
$250M Loan Puts Katanga In Glencore’s Thrall
Faced with the mounting financial distress of Katanga Mining (KAT-T, KATFF-O), the company’s shareholders have agreed to let the world’s largest commodity trader step in.
Canadian Gold Mutual Funds (February 02, 2009)
as of Dec. 31/08
BHP Moves To Stanch The Bleeding
VANCOUVER–The world’s biggest mining company has joined the lengthy list of majors to close operations and trim payrolls in the face of sagging metal prices. BHP Billiton( BHP-N, BLT-L, BHP-A) is sus…
Merger Cash To Help Potash One Advance Legacy
As many juniors deliberate over doing financings amidst the market turmoil, Potash One (KCL-T, KCLOF-O) president and CEO Paul Matysek is getting ready to coast through the next year once his company …