People (May 11, 2009)
Castle Gold — Mark Selby appointed a director.
2009
Toronto Stock Exchange April 28 -May 4
Toronto stocks posted solid gains during the April 28-May 4 reporting period, with the S&P/TSX composite index up 476 points, or 5.1%, to 9,870, the highest level since early November. The Capped …
TSX Venture Exchange April 28 -May 4
On the whole, the April 28-May 5 reporting period was a positive one for the TSX Venture Exchange. The Venture board managed to stay above the 1,000-mark, rising 2.4% to 1,027.19 points.
LME Warehouse Levels (May 11, 2009)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 5, 2009 (change from Apr. 28 in brackets): Aluminium Alloy 95460 (1060) Aluminium 3797125 (+71150) Copper 39…
Exchange Rates (May 11, 2009)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date May 4 May 1 Apr. 30 Apr. 29 Apr. 28 US$ in C$ 1.1781 1.1872 1.1940 1.2008 1.2238 C$ in US$ 0.8488 0.8423 0.8375 0.8328 0.817…
International Quotes (May 11, 2009)
Australia (A$) May 5 Apr 28 Change Bendigo Mining 0.25 0.24 0.01 Kingsgate Cons. 16.05 6.04 10.01 Lion Selection Ltd 0.98 0.98 0.00 Newcrest Mining 31.50 30.99 0.51 Z…
T. N. M. Nugget
ONTARIO MINING ACT HIGHLIGHTS:
Cliffs Idles Coal Plants
As the economic crisis continues to squash demand for steel, Cliffs Natural Resources (CLF-N) is idling some of its metallurgical coal production in West Virginia and Alabama.
Western Copper Gets Go Ahead At Carmacks
VANCOUVER — The Yukon government has approved the mining licence for Western Copper’s (WRN-T, WCPCF-O) Carmacks copper project.
Sumitomo Buys Teck’s Pogo Stake
Debt-laden Teck (TCK. B-T, TCK-N) has struck a deal to sell its 40% interest in the Pogo gold mine in Alaska to its majority partner Sumitomo Metal Mining for about US$245 million in cash.
Spot Prices (May 11, 2009)
COURTESY OF SCOTIABANK Tuesday, May 5, 2009 Precious Metals Price (US$/oz.) Change Gold $903.00 +6.00 Silver $13.11 +0.55 Platinum $1118.00 +20.00 Palladium $218.00 +1.00 Base Metals P…
Japan, China, South Korea In Energy Shopping Spree
Taking advantage of depressed prices, energy-poor but cash-rich industrial powerhouses Japan, China and South Korea have embarked on large-scale buying of energy assets.