BHP takes out JV potash partner
VANCOUVER — BHP Billiton (BHP-N, BLT-L) is moving decisively into the potash business by acquiring its joint-venture partner Anglo Potash (AGP-V, AGPOF-O) in an all-cash deal worth $284 million.
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Cline moves toward production at New Elk coal mine
With a coal preparation plant, silos and mining equipment now in its hands, Cline Mining (CMKT, CLNMF-O) is one step closer to bringing the New Elk mine in Colorado back into production.
CANADIAN GOLD MUTUAL FUNDS (May 26, 2008)
Featured Fund: AGF Precious Metals, as of 01/31/08 (in weighted order): Kinross Gold, Goldcorp, Yamana Gold, Inmet Mining, Iamgold, Central Fund of Canada, Agnico-Eagle Mines, High River Gold Mines, F…
BID-ASK — MAY 13-19, 2008
12-MONTH STOCK EXC BID ASK LAST HIGH LO Absolut Res V 0.80 0.98 0.98 1.30 0.001 Affinor Res V 0.16 0.17 0.16 0.18 0.12 Afrasia Minl F V 0.25 0.60 0.22 0.55 0….
La Mancha sees rise in production, costs
While gold production is on the rise for La Mancha Resources (LMA-T, LACHF-O), so, too, are its costs, and its recent first-quarter results were unable to generate positive momentum on the market.
Editor’s Picks: Top Stories of Week 20
The week ended May 17, the twentieth trading week of 2008, was punctuated by a massive earthquake in China’s Sichuan province that killed at least 40,000 people, left millions homeless and damaged muc…
Chariot sorts out delays to Mina Justa feasibility
Investors awaiting the completion of Chariot Resources’ (CHD-T, CHDSF-O) feasibility study for the Mina Justa copper deposit at its Marcona project, in Peru, will have to wait a little bit longer.
EXCHANGE RATES (May 26, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date May 19 May 16 May 15 May 14 May 13 US$ in C$ Holiday 0.9968 0.9998 1.0020 1.0005 C$ in US$ Holiday 1.0032 1.0002 0.9980 0.99…
LENDING RATES (May 26, 2008)
as of 9 a. m. ET, May 20, 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…
Golden Goose raises Lac Levac resource (May 26, 2008)
Golden Goose Resources (GGRV, GGOSF-O) has released an updated resource for its Lac Levac copper-nickel-cobalt-platinum group elements project near Nemiscau, in the James Bay area of northern Quebec.
BC mining industry stays healthy in 2007
VANCOUVER–British Columbia’s mining industry produced strong financial results in 2007, driven as elsewhere by base metal prices and global demand, though net earnings were down compared with the rec…
Reed Lake still holds promise for VMS Ventures
VANCOUVER — Though the initial excitement over VMS Ventures’ (VMS-V, VMSTF-O) Reed Lake discovery in Manitoba has died down, the project continues to produce significant results.