Xstrata drops Lonmin offer, then stocks up
The same day that it dropped a hostile US$10-billion bid for Lonmin (LNMIF-O, LMI-l), Xstrata (XSRAF-O, XTA-l) increased its stake in the platinum miner to nearly 25% — buying 22.2 million shares at …
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Editorial: More pain, no gain
The week ended Oct. 4, the 40th trading week of 2008, was again characterized by global economic uncertainty stemming from the U. S. banking crisis. Miners and mineral explorers are now feeling the pa…
Citigroup big on precious metals miner Fresnillo
Since Mexico’s mining group Industrias Peoles (IPOAF-O, PENOLES-m) spun off its silver and gold assets creating Fresnillo (FNLPF-O, FRES-l), the new company has generated some buzz.
LENDING RATES (October 13, 2008)
as of 9 a. m. ET, Oct. 7, 2008 (%) Bank of Canada 3.25 Target overnight rate 3.00 Canadian Prime 4.75 U. S. Discount Primary 2.25 U. S. Fed Funds market rate 2.00 U. S. Prime 5…
DIVIDENDS (October 13, 2008)
Note: Vale will pay $0.52* on common and pr sh in two instlmnts on Apr 30 and Oct 31. Alcoa will pay its quarterly div of US$0.9375 for US$3.75 cmltv…
San Jose smiles on Fortuna
Infill drill results from Fortuna Silver Mines’ (FVI-V, FVITF-o) 33,000-metre program at the San Jose silver-gold project in Oaxaca, Mexico, are starting to come in.
INTERNATIONAL QUOTES (October 13, 2008)
Australia (A$) Oct 6 Sept 30 Change Bendigo Mining 0.16 0.19 -0.03 Kingsgate Cons. 0.64 0.82 -0.18 Lion Selection Ltd 1.50 1.49 0.01 Newcrest Mining 24.25 27.63 -3.38 …
Pacific Comox makes progress at Mabel (October 13, 2008)
Pacific Comox Resources (PCM-V, PAOCF-o) has completed a 7,000- metre drill program at its Mabel gold-silver project in Sonora state, and some of the results have started to come in.
Digby Wells & Associates joins Behre Dolbear Group
Minerals industry adviser Behre Dolbear Group has announced plans to acquire and join environmental solutions provider Digby Wells & Associates with its pre-existing firm Behre Dolbear Environment…
Excellon starts construction of Platosa mill
The permits are in for Excellon Resources (EXN-T, EXLLF-o) to build a new lead/zinc flotation mill at its high-grade silver-lead-zinc Platosa mine in Durango state, Mexico.
Redpath acquires Aussie mining contractor Eroc
North Bay, Ont.-based mining contractor The Redpath Group has cemented its place in the Australian mining sector through its acquisition of Eroc Pty. Ltd.
Snowden to prepare Golden Peaks resource
Snowden Group is set to prepare an independent resource calculation for Argentinian-focused mining company Golden Peaks Resources’ (GL-T, GDPEF-o) La Fortuna gold project.