The Pyramid Rises
Full Metal Minerals (FMM-V) and Antofagasta Minerals (ANTO-L) say they have a new copper-gold-molybdenum porphyry discovery on there hands and one that is wide open for expansion.
2011
Short Position Report
TSX ShortPositions Short positions outstanding at Sept. 30/11 (with changes from Sept. 15/11). …
Macleod Dixon to merge with Norton Rose
Two top-tier law firms specializing in the mining and energy sectors, Maclead Dixon and the Canadian arm of Norton Rose Group, are joining forces to create Norton Rose Canada.
Molycorp discovers a new REE deposit
Molycorp (mcp-n) has found a once forgotten heavy rare-earth element (HREE) deposit near its Mountain Pass mine in California.
The ups and downs on Wall Street, Sept. 26-30
The Dow Jones Industrial Average managed to move up 141.9 points to 10,913.38, during the Sept. 26-30 trading week. However, it ended the third quarter down 12%, representing its biggest percentage drop since the first quarter of 2009.
Greenlight advancing east-coast lithium project
Vancouver – Eastern Canada-focused Greenlight Resources (GR-V) is testing a new lithium extraction process that could be used at its Brazil Lake project, while it continues to expand its overall property holdings.
Ucore reports positive recoveries from Bokan Mtn REE project
Vancouver – Metallurgical testing on Ucore Rare Metals’ (UCU-V) Bokan Mountain project in southeastern Alaska has shown encouraging recoveries for both light and heavy rare earth elements.
Venture continues downward slide Sept. 26-30
Vancouver – The S&P TSX Venture Composite Index had another tough week, dropping 78.91 points in the September 26 to 30 period to end at 1,467.17 points. Volume remained elevated with an average of 98.5 million shares traded daily.
TSX moves slightly up, Sept 26-30
After the previous sour trading week, the TSX Composite Index gained 160.97 points to close the Sept. 26-30 period at 11,623.84, despite rising concerns over the U.S. economy and the European debt crisis. However, that upward movement was not…
Lending rates
as of 9 a.m. ET. Aug. 23, 2010(%)
Exchange rates
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
The difficulties of mining in Africa
Mining companies looking to do business in an African country need to be aware of the complexities they will likely face – from securing debt financing, to political risks in complying with local anti-bribery laws.