FACTS ‘N’ FIGURES (February 18, 2008)
With prices of metals and minerals on the rise, it’s no surprise that the value of mineral production in the United States increased 2.9% in 2007 from the previous year.
News
De Beers gets frostbite in Canada’s Arctic
The week ended Feb. 9, the sixth trading week of 2007, was punctuated by another setback for Canada’s emerging diamond mining industry, with De Beers taking a severe haircut at its new Snap Lake mine,…
Fury completes Taylor purchase
VANCOUVER–Fury Explorations (FUR-V, FURXF-O) is inching closer towards production with the recent closure of its deal to purchase the historic Taylor silver mine and mill complex, near Ely, Nev.
TSX SHORT POSITIONS (February 18, 2008)
Short positions outstanding at Jan. 31/08 (with changes from Jan. 15/08).
CANADIAN GOLD MUTUAL FUNDS (February 18, 2008)
as of Jan. 31/2007
Capstone to boost production at Cozamin
Capstone Mining (CS-T, CSFFF-O) has started an expansion of its Cozamin polymetallic mine, in Zacatecas state, Mexico, aimed at increasing production by 36% to 40 million lbs. copper per year by 2009.
A.M. Castle & Co. acquires Metals UK Group
Specialty metal and plastic distributor A.M. Castle & Co. (CAS-N) has acquired the outstanding shares of Metals UK Group, which also distributes metals.
SUPPLIERS NEWS (February 18, 2008)
Australia-based mineral analysis company Intellection has merged with Welsh geoscience firm X-Ray Mineral Services (XMS).
Diamond Trading Co. opens distribution channels
Diamond Trading Co. (DTC), the distribution arm of De Beers’ has announced changes to its distribution plan.
Study extends life of Canadian Royalties project
The mine life for Canadian Royalties’ (CZZ-T, CRYAF-O) Nunavik Nickel project could be doubled to 18 years by mining the Mequillon deposit, a preliminary economic assessment says.
CNQ TRADING — Feb. 5-11, 2008
( 100s) WEEK 12- MONTH STOCK TICKER VOLUME HIGH LOW LAST CHANGE HIGH LOW Alliance Mining AMCL 330 0.15 0.12 0.12 0.00 0.23 0.09 Avanti Mining AVMI 1520 …
LENDING RATES (February 18, 2008)
as of 9 a. m. ET, Feb. 12, 2008 (%) Bank of Canada 4.25 Target overnight rate 4.00 Canadian Prime 5.75 U. S. Discount Primary 3.50 U. S. Fed Funds market rate 3.00 U. S. Prime …