Editorial: Loonie plunges as oil prices slide
Canada’s loonie seems to dip and dive just like any other petrodollar these days, if the week ended Oct. 25, the 43rd trading week of 2008, is anything to go by.
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Book Excerpt: Jewel of the Kootenays: The Emerald mine
— The following is an edited excerpt from Jewel of the Kootenays: The Emerald Mine, an oral history of British Columbia’s Emerald lead-zinc-tungsten mine by Larry Jacobsen. The 335-page book is avail…
Suppliers News: IISI becomes World Steel Association
The International Iron and Steel Institute has changed its name to the World Steel Association to better reflect its global expansion.
Suppliers News: Atlas Copco opens new factory in North Bay
Stockholm-based mining equipment supplier Atlas Copco, has announced the opening of a new factory in North Bay, Ont.
Lake Maitland shows strong economics for Mega Uranium
Vancouver — A month after the government in Western Australia lifted a ban on uranium mining, Mega Uranium (MGA-T, MGAFF-o) released a preliminary economic assessment for its Lake Maitland project th…
Severstal and Chalco cutting output (November 03, 2008)
Severstal, Russia’s largest steel maker, is slashing output in Russia, the U. S. and Europe by 25-30% amidst slowing demand, according to a report by Bloomberg news.
TSX SHORT POSITIONS (November 03, 2008)
Short positions outstanding at Oct. 15/08 (with changes from Sept. 30/08).
CANADIAN GOLD MUTUAL FUNDS (November 03, 2008)
Featured Fund: Altamira precious & Strategic Metals, as of 07/31/08 (in weighted order): Goldcorp, Barrick Gold, Kinross Gold, Agnico-Eagle Mines, Yamana Gold, Franco-Nevada, Newmont Mining, Compa…
NEMI and Aviva to merge (November 03, 2008)
Vancouver — NEMI Northern Energy & Mining (NNE. A-V, NNEMF-o),and Australian-listed Aviva (AVA-a) are merging to create a growth-oriented international coal and energy group.
PEOPLE (November 03, 2008)
GlobeStar Mining — David Brace appointed CEO.
U. S. MARKETS – OCT. 21-27
U. S. markets continued their descent during the Oct. 21-27 trading session, with the market anticipating a global recession weighing on corporate profits. The Dow Jones Industrial Average lost 1,090 …
TORONTO STOCK EXCHANGE – OCT. 21-27
Heavy losses in the mining sector weighed down the S&P-TSX Composite Index over the Oct. 21-27 trading period. Any signs that the worst had passed were quickly erased as the index plummeted 16.7% …