Suppliers News (July 23, 2007)
Caterpillar profits skyrocket
News
Alcan’s Canadian history
1900 — A contract for hydroelectric power is signed with Shawinigan Water & Power Co. in Shawinigan, Que. A year later, the first ingot, weighing 716 kilograms, is produced.
Toronto Stock Exchange July 10-16
The largest-ever takeover in global mining history drove the TSX Composite Index to an all-time high during the trading period July 10-16.
TSX Venture Exchange July 10-16
Modest gains in gold, silver, lead and zinc more than offset a slip in copper and nickel prices over the July 10-16 trading session, driving the S&P-TSX Venture Composite Index up 32.57 points to …
Osisko adds resources at Malartic (July 23, 2007)
An updated resource calculation for the Canadian Malartic gold deposit south of Malartic, Que., has increased the inferred resource there by about 30%.
Great Canadian Mining Takeovers
(over $500M)
New Gold raises $375M
Vancouver — New Gold (NGD-T, NGD-X) has closed a $375.3-million financing, leaving the company with some $400 million in the bank to fund mine development at its New Afton copper-gold project in sout…
Daily Metal Prices (July 23, 2007)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Producer and Dealer Prices (July 23, 2007)
Antimony : Mid-mkt US$5,370/t.
Panel formed to review foreign investment
On the heels of London-based Rio Tinto’s (RIO-N, RIO-L) friendly takeover bid for Montreal-based Alcan (AL-T, AL-N), comes news that the federal government will create a Competition Policy Review Pane…
Peru projects showing strength for Bear Creek (July 23, 2007)
Vancouver — Peru continues to prove bountiful for Bear Creek Mining (BCM-V, BCEKF-O). The company recently announced new drill results from both of its Peruvian projects — the Corani silver-base met…
Jinshan closes offering
Vancouver — After recently cancelling a planned private placement citing dilution concerns, Jinshan Gold Mines (JIN-T, JINFF-O) has closed a $20-million debt financing to raise funds for Chinese expl…