McLean’s Transition to gold
When Scott McLean packed up and left Xstrata (XTA-L) after a long and fruitful career with Falconbridge, he knew exactly what he wanted to do with his time: find another world-class mine.
Volume 97 Number 47 Jan 9 - 15, 2012
Market news
Toronto Stock Exchange
Spot prices
Tuesday, Jan 3, 2012
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 30, 2011 (change from Dec. 23 in brackets):
North American stock exchange indices
DateJan 2Dec 30Dec 29Dec 28Dec 27HighLow
HudBay to build Reed copper mine
The board at HudBay Minerals (HBM-T, HBM-N) has agreed to develop the high-grade, near-surface Reed copper deposit in Manitoba into a mine. Production of copper in concentrate is expected to average 17,000 tonnes per year over the five-year…
Luxor turns Crocodile hunter
Luxor Capital Group, a New York-based investment company, has launched a partial bid for Crocodile Gold (CRK-T), which operates gold mines in Australia.
Welsh gold: The ‘rarest gold in the world’
If you’re ever looking for expensive gold jewellery – not just any old gold jewellery, mind you, but with gold of such fine quality and such rarity as befits a royal family – you might want to consider having it made of Welsh gold.
Gold-Ore and Astur Gold to merge
Vancouver-based juniors Gold-Ore Resources (GOZ-T) and Astur Gold (AST-V) are joining forces to form a single, European-focused company with a producing gold mine and another gold project with upside.
People
Alcoa – Mark Davies appointed president of global business services.
Editorial: Girding up for an uncertain 2012
The final week of 2011 was a time to celebrate making it through another year, tally wins and losses and look to the market uncertainty that will most likely be our fate in the year ahead.
Odds ‘n’ sods: No country for old men – or maybe one
Please allow me to begin with a little trivia. When I started in this business the Prime Minister of Canada was Louis St. Laurent. Anybody out there remember him? Suffice it to say, most 70- to 80-year-olds are neither nimble nor quick, and I…