Radius engineers development deal at Tambor
Canadian junior gold explorer Radius Gold (RDU-V, RDUFF-O) has signed up engineering firm Kappes, Cassiday & Associates (KCA) to develop the company’s Tambor gold deposit in Guatemala.
News
Atlas Copco readies new North Bay plant
Atlas Copco’s new exploration drilling and ground engineering manufacturing plant in North Bay, Ont., is expected to be completed by the end of June.
U. S. MARKETS JUNE 10-16
It was a volatile week for U. S. markets as crude oil prices rose to a new record of US$139.89 per barrel. Higher costs for gas and food dominated the headlines, while housing starts slid 3.3% in May …
TORONTO STOCK EXCHANGE JUNE 10-16
The TSX was down slightly during the June 10-16 trading session, declining 16 points, or 0.1%, to 14,944. The oil price again took centre stage. Finance ministers from the G-8 countries gathered in Ja…
TSX VENTURE EXCHANGE JUNE 10-16
The S&P-TSX Venture Composite Index fell slowly but surely over the June 10-16 trading session, accumulating a 31.24-point loss to close at 2,636.07. Average daily treading volumes were also down …
PEOPLE (June 23, 2008)
African Copper — Christopher Fredericks appointed CEO; Joseph Hamilton has resigned as CEO and a director.
LME WAREHOUSE LEVELS (June 23, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 17, 2008 (change from June 10 in brackets):
Rio Tinto to invest in BRC DiamondCore’s DRC exploration projects
Global mining giant Rio Tinto (RTP-N, RIO-L) currently produces about 16% of the world’s diamonds by volume and 8% by value with its Argyle mine in Australia, Diavik mine in Canada and Murowa mine in …
SPOT PRICES (June 23, 2008)
COURTESY OF SCOTIABANK
PRODUCER AND DEALER PRICES (June 23, 2008)
Antimony: Mid-mkt US$6,400.00/t.
Breaking up the board
Genco Resources’ (GGC-T, GNCC-O) largest shareholder and former director wants to overthrow three of seven company directors in a proxy vote on June 26, claiming that they are overpaid and putting the…
Aura buys copper mine in Mexico
Aura Minerals (ORA-T, ORAUF-O) has spent $70 million in cash and shares for a producing copper mine in Mexico that has the potential to turn out 28,000 tonnes of copper concentrate per year.