TORONTO STOCK EXCHANGE MAY 20-26
After the TSX Composite Index hit a record high of 15,000 on May 20, the benchmark index slipped 1.9% to 14,758.57 points over the May 20-26 trading session. Other indexes followed suit, with the Capp…
Canada
More consolidation likely in oilsands
News reports that India’s biggest oil producer, Oil & Natural Gas Corp. (ONGC) is negotiating to buy a 100% interest in an unidentified mid-sized Canadian oilsands company has unleashed a flood of…
Titan finds Japanese partner for Athabasca uranium project
Titan Uranium (TUE-V, TUEFF-O) will receive $9 million in exploration funding over the next three years from Japan Oil, Gas and Metals National Corp. (JOGMEC), in return for a 50% interest in the Virg…
Ontario’s Mining Act under fire
Platinex (PTX-V, PANXF-O) is suing the government of Ontario for more than $70 million, claiming it didn’t fulfill its duty to consult with a First Nation group before granting the junior exploration …
EnCana narrows its focus with oilsands spinout
For EnCana (ECA-T, ECA-N), being big had its disadvantages.
Hello US$130 oil
The macroeconomic effects of higher oil prices made headlines around the world during the week ended May 24, the 21st trading week of 2008.
Recovering stranded bitumen
There is a way to access stranded bitumen resources while at the same time improving reclamation performance — that’s what mining engineer Howard Keele would like to prove with a conceptual technolog…
Discoveries add lustre to Manitoba’s gold camps
VANCOUVER–Manitoba’s historic gold districts are getting a new lease on life from junior companies aspiring to become mid-tier producers. San Gold (SGR-V, SGRCF-O) has revived the Rice Lake belt, whe…
Japan makes plans for energy and resources
Japan has a developed economy, ranking as the second largest economy behind the U.S., and the country is a part of …
First Metals moves on Magusi development
First Metals (FMA-T) has just received permission to develop an underground access ramp to extract a 50,000 tonne b…
Goldcorp agrees to loan for Mt. Milligan project
Majority shareholder Goldcorp (G-T, GG-N) has agreed to guarantee Terrane Metals (TRX-V) a credit facility of up t…
Trigon Uranium takes 50% interest in Intercont’l Potash
Surging prices for potash are turning even uranium exploration companies into plays on the coveted commodity. Trigo…