Cliffs goes after majority stake in Big Daddy
Cliffs Natural Resources (CLF-N) has made separate but similar cash offers to acquire KWG Resources (KWG-V) an…
2010
East Asia Minerals extends Miwah Main zone to the West
Drilling at the Miwah project in Indonesia’s Aceh province in northern Sumatra has extended gold mineralizatio…
LENDING RATES (May 24, 2010)
as of 9 a.m. ET. May 18, 2010 Bank of Canada Target overnight rate Canadian Prime
EXCHANGE RATES (May 24, 2010)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date May 17 May 14 May 13 May 12 May 11 US$ in C$ 1.0405 1.0344 1.0149 1.0201 1.0195 C$ in US$ 0.9611 0.9667 0.9853 0.9803 0.9809…
INTERNATIONAL QUOTES (May 24, 2010)
Australia (A$) May 18 May 4 Change Aquila Resources 9.09 9.76 -0.67 Bendigo Mining 0.23 0.26 -0.03 Centennial Coal 4.12 4.11 0.01 Fortescue Res 4.06 4.06 0.00 Iluka R…
Brazauro accepts Eldorado’s takeover offer (May 24, 2010)
The boards of Eldorado Gold (ELD-T, EGO-N, EAU-A) and junior Brazauro Resources (BZO-T) have approved a friendly all-share takeover offer tabled by the Vancouver-based gold producer.
Post-quake Chile seeks more from copper miners
SANTIAGO, CHILE — As dawn broke on Feb. 27, 2010, Chileans were aghast at the destruction wrought by a huge earthquake that had shook most of them from their sleep the night before.From Santiago down the Central Valley, the country’s…
Philippine Metals blazes trail on Luzon
You could say Philippine Metals (PHI-V) has Bre-X Minerals to thank for its good fortune.The chill in mining exploration that swept Southeast Asia in the aftermath of the Bre-X scandal shuttered the offices of many majors active in the…
New challenge for Chile’s ‘Copper Man’ (May 24, 2010)
SANTIAGO, CHILE — It was no surprise that they wanted him but few expected him to accept. Especially given the huge paycut he will have to take.On April 20, Chile’s state-owned copper giant Codelco announced that its board of directors had…
Lundin’s Q1 results miss market expectations
Despite coming a long way in a year’s time, Lundin Mining’s (LUN-T) first quarter financial results failed to rally market support.While Lundin earned US$38 million or 7¢ a share in the first quarter — compared to a loss of US$8.6…
Quaterra confirms Nieves silver, gets Goldcorp backing
VANCOUVER — Quaterra Resources (QTA-V, QMM-X) has hit high-grade silver at its 50%- owned Nieves project in Mexico’s Zacatecas state through infill drilling designed to shore-up an initial resource e…
Major resource increase for Majestic’s Song Jiaguo
Majestic Gold (MJS-V) has more than doubled indicated resources at its Song Jiaguo gold project in Shandong province, China.