Kinross bids for Aurelian
Count Kinross Gold (K-T, KGC-N) amongst the believers in Ecuador.
News
Citigroup hikes short-term coking coal price targets
Citing continued tight supply, Citigroup has raised its targets for metallurgical or hard coking coal for the next few years. A research report by analyst Alan Heap forecasts that prices will rise in …
U. S. MARKETS JULY 22-28
First the good news: The price of crude oil — which has doubled over the last year — seems to be easing somewhat. Crude has declined about US$23 from its record high of US$147.27 a barrel earlier th…
Largo bets on hunger for Yukon tungsten
SITE VISIT TESLIN, YUKON–“If China’s hoarding their tungsten, where does Japan go?” Tim Mann, Largo Resources’ (LGO-V, LGORF-O) vice-president of engineering, asks a small gathering of drillers, geotechs and media…
Brookbank turns golden for Ontex
VANCOUVER–It’s been slow going at the Brookbank gold project in Ontario, but patience is a virtue for Ontex Resources (ONT-T, OXRSF-O): the latest set of assay results from the site include some of t…
Western Bushveld feasibility tackles South African power issues
A feasibility study for Platinum Group Metals’ (PTM-T, PLG-X) Western Bushveld joint venture in South Africa proposes producing 160,000 oz. platinum per year for at least nine years, plus palladium, r…
INTERNATIONAL QUOTES (August 04, 2008)
Australia (A$) July 29 July 22 Change Bendigo Mining 0.23 0.28 -0.05 Centamin Egypt 1.08 1.15 -0.07 Kingsgate Cons. 5.70 6.04 -0.34 Lion Selection Ltd 1.51 1.62 -0.11 …
First blush numbers look good for Tyhee
Tyhee Development’s (TDC-V, TYHJF-O) Yellowknife gold project in the Northwest Territories should post a pre-tax internal rate of return of 21.3% and a pre-tax net present value (NPV) of US$145 millio…
Romarco growing resource at historic Haile mine (August 04, 2008)
VANCOUVER–With drilling to confirm the historic resource complete, Romarco Minerals (R-V, RTRAF-O) is focused on expanding the gold zone at its Haile mine in South Carolina. Both efforts are returnin…
Teck to buy Fording for US$14.1B
In a move that will give it added exposure to rising metallurgical coal prices, Teck Cominco (TCK. B-T, TCK-N) has made a friendly US$14.1- billion bid for Fording Canadian Coal Trust (FDG. UN-T, FDG-…
MMX CEO denies gold smuggling, fixing tender
VANCOUVER–Shares of companies partially owned by Brazil’s richest man, Eike Batista, continued to take a beating on the markets after Brazil’s federal police raided his Rio de Janeiro home and office…
NEW HORIZONS (August 04, 2008)
The Canadian Exploration Geophysical Society (KEGS) has awarded 21 scholarships worth a total of $15,000 to undergraduate and graduate students in geophysics.