Allana gets cash for feasibility in Ethiopia
With $12.4 million in its pocket, Allana Potash (AAA-V) is set to take its potash play in Ethiopia to the next level.
2010
Chaos in Cte d’Ivoire
Cte d’Ivoire (Ivory Coast) witnessed a wave of political violence in early December in the wake of a disputed Nov. 28 national election that saw two rivals each claim they’d won the presidency and ap…
Peru’s Toledo builds bridges with Canadian miners (December 13, 2010)
Alejandro Toledo, president of Peru from 2001-06, announced in November that he is returning to the public stage and running in the Peruvian presidential elections that will be held in April 2011 to f…
Correction (December 13, 2010)
In “Western Copper doubles down on Casino” ( T. N.M., Nov. 15- 21/10) we wrote Western Copper (WRN-T) is spending $56 million exploring Casino this year. The correct figure is $5.6 million.
U.S. MARKETS -NOV. 29-DEC. 3
U.S. stocks finished the Nov. 29-Dec. 3 week with a strong performance, amid mixed economic data. While U.S. retailers reported strong November sales, a new jobs report showed unemployment had risen t…
SPOT PRICES (December 13, 2010)
COURTESY OF SCOTIABANK
LME WAREHOUSE LEVELS (December 13, 2010)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec 6, 2010 (change from Nov. 29 in brackets):
PRODUCER AND DEALER PRICES (December 13, 2010)
Antimony: Mid-mkt US$10,100/t.
DAILY METAL PRICES (December 13, 2010)
Daily Metal Prices Date Dec. 6 Dec. 3 Dec. 2 Dec. 1 Nov. 30 BASE METALS (London Metal Exchange –Midday official cash/3-month prices, US$ per tonne) Al Alloy 2220/2185 2240/2210 2210/2180 2190…
CANADIAN GOLD MUTUAL FUNDS (December 13, 2010)
” Featured Fund: Sprott Gold and Precious Metals as of 08/31/10 (in weighted order): Silver Wheaton, Barrick Gold, Guyana Goldfields, Orvana Minerals, Kinross Gold, Osisko Mining, Wesdome Gold Mines, …
EXCHANGE RATES (December 13, 2010)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Dec 6 Dec 3 Dec 2 Dec 1 Nov 30 US$ in C$ 1.0058 1.0060 1.0046 1.016 1.0264 C$ in US$ 0.9942 0.9940 0.9954 0.9843 0.9743 EXCH…
Rubicon makes a splash
Rubicon Minerals (RMX-T, RBY-X) closed $1.46 higher on Nov. 29 in Toronto at $6.06 per share, a gain of 31.7%, on news of a four-million-ounce inferred gold resource estimate at its Phoenix gold proje…