STL Marketing Group is Pleased to Completes Project for Urban Ministries, Inc.
STL Marketing Group is pleased to announce the completion of the second year of Precepts for Living project with Urban Ministries, Inc. Precepts for Living is the annual Sunday School commentary targeting African American and urban churches for UMI. This is the second year of double-digit growth for the Precepts brand and underscores that the African American market remains a strong area of growth for Christian publishers.STL Marketing Group is committed to brand movement through four distinct vehicles: creative and design services, packaging and supply solutions, printing and mailing, and event production and promotion. Read more
Goldcorp’s Jeannes – Larger gold producers to generate increasing returns for shareholders
For larger gold producers to generate increasing returns for shareholders, the key is not just discovering and acquiring new deposits – some existing assets will need to be dropped along the way, says Goldcorp CEO Chuck Jeannes.
“I’m a believer in the Jack Welch theory of portfolio management, that says as you add new high-quality assets, you should look to dispose of assets of lesser-quality, higher cost, shorter mine life,” he said in an interview at the company’s Vancouver headquarters. Read more
Australia’s emissions scheme to cut 23 510 mining jobs by 2020
The Australian minerals industry could potentially lose 23 510 direct jobs by 2010 and 66 480 by 2030, owing the introduction of the carbon pollution reduction scheme (CPRS), the Minerals Council of Australia (MCA) warned on Friday.
The council said that the “adverse” employment impact of the CPRS, which aims to cut Australia’s carbon emissions by 25% by 2020, had been confirmed by a sector-wide economic modelling of the scheme.
The Minerals Council stated that the 2020 figure would represent an 11% drop in overall employment in the minerals sector, while the 2030 result was a 24% decrease. Read more
Atlanta Gold extends Mining Lease and Option to Purchase at Atlanta Property
Atlanta Gold Inc. (TSX: ATG) has renewed its lease and option to purchase a strategically significant 658.9 acre property located at its Atlanta Gold project in Idaho, U.S.A. for a further two years. Under the terms of the agreement entered into by the Company’s wholly-owned Idaho subsidiary, Atlanta Gold Corporation, with Monarch Greenback, LLC, the lease and option to purchase first entered into in February 1999, has been extended until April 30, 2011. Under the terms of the agreement, Atlanta Gold
Corporation has the right to acquire a 100% interest in the property subject to a floating rate net smelter return royalty with a maximum rate of 3.5%. The agreement requires optional annual lease payments and optional monthly payments totaling US$580,000 over the next two years to maintain the Option in good standing. Read more
Toledo Mining slashes nickel output, cuts jobs
responded to falling nickel prices by slashing production of the metal at its
In the quarter to December 31, only 16,279 tonnes of ore was mined, compared with 345,005 tonnes over the third quarter.
Toledo said production had temporarily ceased at Berong, with the loss of more than 600 jobs.
“Production was reduced in response to the increasing stock levels, deteriorating markets and onset of the non-shipping window,” Toledo said, adding that rough sea conditions make shipping ore difficult between October and February.
The company added that demand for the main source of nickel, laterite ore, from China, the principal driver of the nickel market, is expected to remain depressed in 2009. It said that anecdotal evidence suggests more than 8m tonnes of laterite ore is stockpiled at Chinese ports.
However, Toledo said it was to an extent insulated from the current turmoil in the nickel markets, helped by previous agreements to supply the metal to mining giant BHP Billiton (LSE: BLT.L – news) up to 2013. It added that it was selling nickel at London Metal Exchange prices, without the heavy discounting seen elsewhere in the market.
Canadian stocks rally, led by mining, energy shares
Canadian stocks posted strong gains Monday with energy and mining shares leading the market higher as oil prices rallied on continuing Israeli air raids against Hamas targets in the Gaza Strip.
On the Toronto Stock Exchange, the S&P/TSX Composite Index (CA:ISPTX:rose 302.42 points, or 3.6%, to end at 8,612.97 points. This year, the index has tumbled 38%.
Advancing stocks outpaced decliners by a margin of 951 to 249.Mining shares rallied, boosted by a surge in the prices of many metals. Gold for February delivery ended up $4.10 at $875.30 an ounce on the New York Mercantile Exchange. Earlier in the session, gold soared to an intraday high of $892 an ounce on Globex, which was the precious
metal’s highest level since Oct. 9. See Metals Stocks.
Among individual mining shares, Yukon-Nevada Gold Corp.
In the energy sector, stocks were boosted by soaring oil prices. Oilexco Incorporated (CA:OIL: rallied 29% and Suncor Energy Inc. Crude-oil futures rallied Monday, as Israeli air strikes in the Gaza Strip escalated worries about a possible disruption to energy supplies
from the Middle East.
In thin trading, light, sweet crude for February delivery rose $2.31, or 6%, to end at $40.02 a barrel on the New York Mercantile Exchange. Earlier, the contract had soared to an intraday high of $42.20 a barrel
in electronic trading on Globex. See Futures Movers.
The Bush administration and the Senate’s top Democrat on Monday blamed the militant group Hamas for the flare-up in violence in the Gaza Strip, as Israeli forces struck targets linked to the group for a third
day.In the financial sector, Royal Bank of Canada gained 2.2% and Bank of Montreal gained 3.7%.
On Wall Street, U.S. stocks ended lower Monday, with the Dow Jones Industrial Average
