Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Fortune Minerals Limited is a mining company. It is engaged in the exploration and development of mineral properties in Canada. It is focused on developing the NICO Cobalt-Gold-Bismuth-Copper Project in the Northwest Territories and Alberta that produces a bulk concentrate for shipment to a refinery that it plans to construct in southern Canada. It also owns the satellite Sue-Dianne copper-silver-gold deposit located 25 kilometers (km) north of the NICO Deposit and is a potential future source of incremental mill feed to extend the life of the NICO mill and concentrator. It also maintains the right to repurchase the Arctos anthracite coal deposits in northwest British Columbia. It also has a 100% interest in these 116 hectares of property south of Great Slave Lake with copper, silver, gold, lead and zinc showings. It has a 1% net smelter royalty covering 78 hectares of land positioned in a former silver mining district, located south of the Eldorado mining district at Great Bear Lake.


TSX:FT - Post by User

Bullboard Posts
Post by DoasIsayon Jun 07, 2012 10:58am
299 Views
Post# 19989300

U.S. coal company stocks rise on China rate cuts..

U.S. coal company stocks rise on China rate cuts..
U.S. coal company stocks rise on China rate cuts12 minutes ago by Thomson Reuters

June 7 (Reuters) - Shares in U.S. mining companies that export steelmaking coal rose on Thursday after China cut interest rates in a move seen as boosting hopes of a jolt to the slowing global economy. "The rate cut in China is helping coal stocks, especially the ones with more international exposure," said analyst Lucas Pipes, of Brean Murray Carret & Co. He said investors viewed China's action as a move to stimulate the domestic economy, which would mean the Chinese might import more coal, in particular the metallurgical kind used to make steel. Shares of Peabody Energy which operates mines in Australia and exports coal to the Pacific region, rose 4.1 percent to $25.07 in morning trading on the New York Stock Exchange. Cliffs Natural Resources rose 3.2 percent to $50.19, Alpha Natural Resources was 3.3 percent higher at $10.05 and Walter Energy rose 1.8 percent to $48.26.

 

Bullboard Posts