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.
News
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% …
TSX VENTURE EXCHANGE – OCT. 21-27
The Oct. 21-27 trading session was another tough week for the S&P-TSX Venture Composite Index. The junior board lost 175.95 points to end the week at just 808.99 points. The Venture board hadn’t b…
LME WAREHOUSE LEVELS (November 03, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 28, 2008 (change from Oct. 21 in brackets):
SPOT PRICES (November 03, 2008)
COURTESY OF SCOTIABANK