Helio Hunts For ‘Meat’ In Tanzania’s Southwest
Vancouver — In 2005, Helio Resource’s (HRC-V, HELOF-o) CEO Richard Williams and chief operating officer Christopher Mackenzie were working in Namibia, where Helio still holds a number of properties. …
News
TORONTO STOCK EXCHANGE – NOV. 18-24
The S&P-TSX Composite Index took another beating over the Nov. 18-24 trading period with the mining sector especially hard hit. The index fell 4%, or 355 points to 8,441 points for the week after …
High River Gold’s Hardships
After preparing the markets for some sort of deal, a deal has indeed been done: High River Gold Mines (HRG-T, HRIVF-o) has announced a massive private placement with Russian steel giant Severstal that…
People (December 01, 2008)
Adriana Resources — Guilherme Moretzsohn de Andrade appointed director of port development for Brazil operations.
TSX VENTURE EXCHANGE – NOV. 18-24
Over the Nov. 18-24 trading week, the S&PTSX Venture Composite Index saw three days of losses followed by two of gains, leaving it down 63 points at the end of the session at 722.79. In the middle…
Lme Warehouse Levels (December 01, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 25, 2008 (change from Nov. 18 in brackets):
Orezone Beefs Up Bombor
Orezone Resources (OZN-T, OZN-x) has nearly tripled gold resources at the Bombor project in Burkina Faso to nearly 926,000 indicated oz. and 1.78 million inferred oz.
Lending Rates (December 01, 2008)
as of 9 a. m. ET. Nov. 25, 2008 (%) Bank of Canada 2.50 Target overnight rate 2.25 Canadian Prime 4.00 U. S. Discount Primary 1.25 U. S. Fed Funds market rate 1.00 U. S. Prime …
Exchange Rates (December 01, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Nov. 24 Nov. 21 Nov. 20 Nov. 19 Nov. 18 US$ in C$ 1.2250 1.2854 1.2855 1.2370 1.2239 C$ in US$ 0.8163 0.7780 0.7779 0.8084 0…
Ecuador making mining-friendly noises
Ecuador’s Council of External Commerce and Investment has approved a resolution to eliminate import tariffs on a range mining equipment, Corriente Resources (CTQ-T, ETQ-x) says.
Spot Prices (December 01, 2008)
COURTESY OF SCOTIABANK
Rolling Rock Resource Tops 1M Oz. Gold
Vancouver — As Rolling Rock Resources( RLL-V, RLLGF-o) reworks data for a pending scoping study of its Monument Bay project, 350 km southeast of Thompson, Man., it has topped a million inferred ounce…