For the next two years, spending on mining exploration and expansion projects will remain on average below peak levels reached in 2008, according to analysts at Fitch Ratings in a Dec. 22 special repo…
Alcoa — Nicholas Ashooh appointed VP of corporate affairs, replacing John D. Bergen, who has been appointed VP of human resources.
Note:Alcoa will pay US93.75 cents per share on its US$3.75 cmltv prf stk payable Jan 1, record close Dec 11. Freeport Mc- MoRan Copper & Gold will pay $0.60* div with the first payment of $0.15* p…
as of 9 a.m. ET. Jan. 5, 2009 (%) Bank of Canada 0.50 Target overnight rate 0.25 Canadian Prime 2.25 U.S. Discount Primary 0.50 U.S. Fed Funds market rate 0-0.25 U.S. Prime 3.2…
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Jan. 4 Jan. 1 Dec. 31 Dec. 30 Dec. 29 US$ in C$ 1.0378 n/a 1.0466 1.0525 1.0405 C$ in US$ 0.9131 n/a 0.9555 0.9501 0.9611 EX…
Australia (A$) Jan. 5 Dec. 18 Change Aquila Resources 10.98 8.89 2.09 Bendigo Mining 0.26 0.24 0.02 Centennial Coal 4.00 3.69 0.31 Fortescue Res 4.60 4.26 0.34 Iluka …
Augusta Resource (AZC-T) is restructuring US$40 million in debt to ease the pressure to secure financing for its massive Rosemont copper project in Arizona before it matures this June.
Yamana Gold (YRI-T, AUY-N, YAU-L) has amplified its unsecured revolving credit facility from US$500 million to US$680 million thanks to a syndicate of international banks in a deal orchestrated by Sco…
Detour Gold (DGC-T) says assays from the latest batch of infill drilling results at the Detour Lake open pit project 180 km northeast of Cochrane, Ont., were “as expected,” confirming continuity of go…
FNX Mining (FNX-T) forecasts production from its Sudbury mining assets in 2010 will reach 891,000 tons of ore shipped, a 31% increase over the company’s 2009 production plan.
Drill results from its 2009 exploration season at the Russian Mountain project in Alaska demonstrated multiple gold-silver- copper-bearing structures for Full Metal Minerals (FMM-V).
VANCOUVER– The extent of mineralization at Romarco Minerals’ (R-V) Haile project in South Carolina continues to grow.
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