United States

Alpha closes mines, cuts 9% of workforce

Alpha Natural Resources (ANR-N), the number-two coal miner in the U.S., may have its credit ratings lowered by Standard & Poor’s after curbing production and shutting eight coal mines, to stay profitable as demand drops.




Equipment at Great Basin Gold's Hollister gold mine in Nevada's Carlin trend, in more optimistic days in 2010. Photo by The Northern Miner

Great Basin’s great descent

Great Basin Gold (GBG-T, GBG-X) continues to tumble under a delisting review by the Toronto Stock Exchange, following the market response to the company suspending its Burnstone gold mine in South Africa.


Alpha faces lower credit rating after closing 8 mines

Alpha Natural Resources (ANR-N) may have its credit ratings cut by Standard & Poor’s after it said it will curtail production and close eight of its U.S. coal mines to stay profitable in the low price environment.


The discovery hole marker at NuLegacy's Red Hill gold project in Nevada. Photo by Ian Bickis

NuLegacy gets in line on Nevada’s Cortez trend

A little over two decades ago Roger Steininger made a major gold discovery in Nevada by bucking conventional wisdom. Today he’s trying to do it again.Steininger has found himself chief operations officer and a director at Nevada-focused…


Toronto Stock Exchange

The S&P/TSX Composite Index gained during the trading week to close at 12,268.01, up 319 points from where it began.The lift followed two major announcements, including the European Central Bank’s plan to buy government bonds from…


TSX Venture Exchange

The TSX Venture Exchange collected itself and resumed its forward march. After falling four straight days the week before, the holiday shortened period saw the index climb 31 points to 1,276.71 points, on the back of renewed enthusiasm for…


U.S. markets

Hope for more stimulus from the U.S. Federal Reserve after disappointing jobs data in August; the Chinese government announcing a US$150-billion infrastructure-building program; and news that the European Central Bank plans to buy more…



Short position reports

TSX Short Positions         Short positions outstanding at Aug 31/12 (with changes from Aug 15/12).      Largest Short Positions         Security Ticker Total Short Change Lundin Mining  LUN 44646706 476706…


Exchange rates

EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date Sept 10 Sept 7 Sept 6 Sept 5 Sept 4   US$ in C 0.9762 0.9778 0.9825 0.9902 0.9863  …


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