That Was The Week That Was … In Canada
By Our Canadian Correspondent
Minews. Now over to our Canadian correspondent for a look at how the Canadian markets performed during the previous week.
CC. Tax loss selling seemed to be the story of the week on the Canadian markets, with the gloomy economic outlook prompting investors to move [...]
LONDON - Oil rose to $ 100 on Thursday as a move by global central banks to add liquidity to money markets rallied world stocks and the United States energy sector struggles to restart operations shut by Hurricane Ike.
U.S. crude traded up $ 2.62 to $ 98.78 a barrel by 1205 GMT (8:05 am EDT) [...]
MONTREAL, QUEBEC, Golden Share Mining Corporation (TSX VENTURE:GSH) is pleased to announce the start-up of drilling activities on its Malartic Lakeshore property as well as the continued development of its other mining properties
Malartic Lakeshore property
The stripping program is now completed and the exposed areas have been channel sampled and mapped in detail. A total of [...]
HALIFAX - Nova Scotia-based Gammon Gold (TSX:GAM) has settled a lawsuit from a U.S. metals investment firm that alleged Gammon overstated gold production figures at its Mexican mines.
The out-of-court deal provides Midas Funds Inc. of New York with a $200,000 cash payment.
However, in a news release issued Wednesday, the company says it isn’t admitting liability [...]
NEW YORK (AP) _ Oil prices climbed for a third day Wednesday as fears deepened that Tropical Storm Gustav could enter the Gulf of Mexico as a powerful hurricane and disrupt oil and natural gas production.
On its current trajectory, Gustav could also damage fuel refineries along the vulnerable Gulf Coast and push gasoline prices higher [...]
Port-au-Prince, Haiti - Hurricane Gustav dumped torrential rains across southern Haiti on Tuesday, killing at least one man and threatening crops amid protests over high food prices. Global fuel futures soared on fears Gustav could move into the Gulf of Mexico as an “extremely dangerous” storm.
Trees toppled as the storm lingered for hours over Haiti’s [...]
NEW YORK, Crude oil settled above 118 U.S. dollars a barrel Wednesday as Tropical Storm Gustav approached the Gulf of Mexico.
Light, sweet crude for October delivery rallied 1.88 dollars to settle at 118.15 dollars a barrel on the New York Mercantile Exchange. Futures had risen to as high as 119.63 dollars a barrel during the [...]
An interdistrict court in the Kyrgyz Republic has dismissed a lawsuit filed by the country’s vice-speaker of Parliament against agreements between the government and Toronto-based Centerra Gold, the company said in a statement.
The lawsuit challenged agreements which gave the company the right to mine and explore its Kumtor gold project, among others.
However, the ruling would [...]
VANCOUVER, BRITISH COLUMBIA- - Timmins Gold Corp. (the “Company”) (TSX VENTURE:TMM) has entered into an option agreement to acquire a 100 percent interest in the 703 hectare Picacho property located 20 kilometers W-SW of its San Francisco gold mine in Northern Sonora, Mexico. The Company has also staked an additional 6,500 hectares encompassing the claims [...]
Mumbai, Sterlite Industries (India) Limited announced that the Supreme Court of India today approved the Bauxite Mining Project at Lanjigarh in the Kalahandi District of Orissa.
The Company is delighted that the project has been given the go-ahead and is committed to its implementation in accordance with the guidelines and safeguards laid down.
The Bauxite Mining Project [...]