Aureus rising in Liberia (May 23, 2011)
Fresh from its initial public offering in mid-April, Aureus Mining (AUE-T) is intent on adding Liberia to the list of significant West African gold mining countries.
Volume 97 Number 14 May 23 - 29, 2011
Bharti explains success of Forbes & Manhattan
Hitting it big with just one or two mining companies over a decades-long career is certainly commendable. When the winning streak extends to three or more, however, success starts being more forcefully attributed to the individual or…
Royal Nickel ‘de-risks’ Dumont
Results of an optimization study and additional metallurgical tests have further de-risked Royal Nickel’s (RNX-T) Dumont nickel project in Quebec, president and CEO Tyler Mitchelson says.
People (May 23, 2011)
Alderon Resource – Matt Simpson resigned as COO but remains a director; Brian Penney appointed COO.
Market News (May 23, 2011)
Toronto Stock Exchange
Spot prices (May 23, 2011)
Tuesday, May 17, 2011
LME warehouse levels (May 23, 2011)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 16, 2011 (change from May 9 in brackets):
Trafigura backs Cadillac at Thierry
After forty years in the business, Norman Brewster knows a thing or two about developing mining projects.
Commentary: U.S. investors in Canadian miners may face tax surprises
Canadian-based mining companies commonly raise capital from U.S. investors. Even if they do not actively seek such investment, they often wind up with some (in particular, dual citizens, U.S. citizens living in Canada and Canadian citizens who…
$80B Plan Nord aims to attract more miners to Quebec
Up until about two months ago, management at Western Troy Capital Resources (WRY-V) thought the company might have to come up with as much as $70 million in a public-private cost-sharing partnership to build the Otish Mountain Road, which will…
Agnico-Eagle digs deeper in Quebec (May 23, 2011)
Agnico-Eagle Mines’ (AEM-T, AEM-N) Goldex, Lapa, and LaRonde gold mines in Quebec are getting a slice of the company’s largest-ever US$145-million global exploration program this year.
Kinross invests in Entourage’s Hemlo play
Just 2.5 km from the edge of Barrick Gold’s (ABX-T, ABX-N) famed Hemlo gold mine property in northern Ontario, newly listed explorer Entourage Metals (EMT-V) hopes to achieve what countless others have tried but failed to accomplish: to…