Atacama to raise $80M
VANCOUVER– Atacama Minerals (AAM-V, ATAAF-O), a major iodine producer in Chile, has announced an $80-million brokered private placement on a best-efforts basis to raise money for its move into fertil…
2008
North American Palladium settles crusher litigation
North American Palladium (PDL-T, PAL-X) has settled a six-year-old dispute with its insurer regarding a crusher failure at its Lac des les platinum group metals mine, 85 km north of Thunder Bay, Ont.
Platmin hires MCC as contractor for Pilanesberg
South African-focused platinum miner Platmin (PPN-T, PLNLF-O) has hired MCC Contracts to conduct open-pit mining at its Pilanesberg mine.
Rio Tinto Alcan starts $200M community fund
Rio Tinto Alcan has started the $200-million Canada fund, aimed at giving back to communities in Quebec and British Columbia, where the company has operations. The subsidiary of mining juggernaut Rio …
DIVIDENDS (August 11, 2008)
Note: Vale will pay $0.52* on common and pr sh in two instlmnts on Apr 30 and Oct 31. Alcoa will pay its quarterly div of US$0.9375 for US$3.75 cmltv pr sh on Oct 1, rec Sept 12. Newmont Canada will p…
BID-ASK — JULY 29-AUG. 4, 2008
12-MONTH STOCK EXC BID ASK LAST HIGH LO Abington Vent V 0.14 0.17 0.14 0.21 0.14 Abitibi Mng V 0.04 0.05 0.05 0.19 0.04 Absolut Res V 0.80 0.98 0.98 1.30 0.00…
JV buys Kintyre from Rio Tinto
Cameco (CCO-T, CCJ-N) is teaming up with a subsidiary of Mitsubishi Corp. (MSBHY-O) to buy Rio Tinto’s (RTP-N, RIO-L) Kintyre uranium project in Australia for US$495 million.
Exeter rises on gold from Cerro Moro
VANCOUVER–News of the highest-grade intersection to date from the Cerro Moro gold-silver project, in Argentina, gave Exeter Resource (XRC-V, XRA-X) a nice share price lift.
Thumbs up for Silver Eagle’s Miguel Auza mine
The fully permitted Miguel Auza mine, which generated its first revenue for Silver Eagle Mines (SEG-T, SVEGF-O) during a bulk-sampling program last year, shows promising economics according to a prefe…
CANADIAN GOLD MUTUAL FUNDS (August 11, 2008)
as of Apr. 1/2008
LENDING RATES (August 11, 2008)
as of 9 a. m. ET, Aug 4, 2008 (%) Bank of Canada 3.25 Target overnight rate 3.00 Canadian Prime 4.75 U. S. Discount Primary 2.25 U. S. Fed Funds market rate 2.00 U. S. Prime 5….
EXCHANGE RATES (August 11, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date July 28 July 25 July 24 July 23 July 22 US$ in C$ 1.0222 1.0164 1.0114 1.0088 1.0085 C$ in US$ 0.9783 0.9839 0.9887 0.9913 0…