#ndpldr Mulcair takes #1 in first round of voting, Topp is #2. Time for some dealmaking as NDP elects Canada’s next opposition leader.
TORONTO, March 19 (Reuters) – Toronto’s main stock index
closed lower on Monday after a day of choppy trade as gains in
energy issues were undercut by losses among gold miners and
fertilizer producer Potash Corp.
The gold price rose on Monday after falling sharply last
week, but equity investors were wary as technical factors
suggested the precious metal could tumble further.
TORONTO, March 13 (Reuters) – Sabrina Thompson, a
30-something restaurant manager from Toronto, says she turned to
Craigslist to sell her diamond engagement ring after her
An embittered Thompson, who wants C$1,800 ($1,800) for the
half-carat ring, says the cash will help her move on with her
TORONTO, March 11 (Reuters) – Molycorp’s $1.3
billion deal to buy rare earth processor Neo Material
Technologies will turn industry leader Molycorp into a
one-stop rare earth shop, and could make it attractive for a
takeover of its own.
The deal gives Molycorp, which has a mine-to-magnet
strategy, the ability to produce both the large magnets that
power the main motor in a hybrid car and also the smaller
magnets that move that car’s side mirrors and seat.
TORONTO, March 7 (Reuters) – Fortuna Silver Mines is
on the prowl for takeover targets as the silver producer looks
to nearly quadruple its production over the next five years.
The Vancouver-based miner, which has spent the last few
years focusing on starting up its San Jose mine in Mexico, is
now turning its attention to growth, chief executive Jorge
Ganoza told Reuters on the sidelines of PDAC conference.
TORONTO, March 7 (Reuters) – Canada’s Macusani
Yellowcake, moving forward with plans to develop Peru’s
first uranium mine, has outlined a new deposit on its property
that will boost the company’s resource by almost 50 percent, its
chief executive told Reuters.
Macusani next month will release a new official estimate
that increases the amount of uranium believed to be contained at
its project to about 40 million pounds from a current 27 million
pounds, CEO Peter Hooper said on the sidelines of the PDAC
conference in Toronto.
TORONTO, Mar 6 (Reuters) – A year after the worst
nuclear disaster since Chernobyl raised a red flag about the
future of atomic power, uranium explorers and producers are
starting to regain confidence in the industry’s long-term
Despite a sluggish spot price and fears that Japan might not
restart the 52 nuclear reactors it has shut down since last
March’s Fukushima meltdown, money is starting to flow back into