Richmont Mines says president and CEO Paul Carmel ‘relieved of duties’ + MORE Jul 3rd

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At midday: TSX boosted by miners, banks; oil stocks weigh + MORE Aug 29th

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Montebourg's Misérables

– online.wsj.com

Foreign investment in France has dropped 94% over the last decade.

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30 days – 1.75%

– ratesupermarket.ca

This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.

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Canadian companies’ large appetite for deals has meant more business for these institutions

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MUMBAI, India – Asian stock markets were lacklustre Thursday as traders turned cautious ahead of a U.S. jobs report and the monthly policy meeting of the European Central Bank.
Thursday’s wait-and-see trading followed a rally the previous day after China and the U.S., the world’s two biggest economies, reported growth in manufacturing.
The Nikkei 225 index in Tokyo was down 0.2 per cent to 15,340.75 and Hong Kong’s Hang Seng edged 0.1 per cent lower to 25,521.36. South Korea’s Kospi shed 0.3 per cent to 2,019.84.
The Taiex in Taiwan gained 0.5 per cent to 9,530.05 and China’s Shanghai Composite was trading up 0.1 per cent to 2,158.59, continuing momentum from a positive China manufacturing report.
In India, the Bombay Stock Exchange halted all trading early Thursday due to a network outage. It said trading would resume once the glitch was resolved.
The U.S. government’s nonfarm payrolls figures for June will be released later Thursday. Economists have forecast that employers added 215,000 jobs last month and that the unemployment rate remained at 6…

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MONTREAL – Richmont Mines Inc. (TSX:RIC) has announced the abrupt departure of president and CEO Paul Carmel.
No reason for the departure was given in a brief company statement Wednesday which said only that Carmel had been “relieved of his duties with the corporation effective immediately.”
Board member Elaine Ellingham has been appointed to replace him on an interim basis while the gold miner searches for a new chief executive.
Ellingham has served on Richmont’s board of directors for the past four years and is a mining executive and a professional geologist with over 25 years’ experience in the mining industry. She has held senior positions at a number of mining companies as well as at the Toronto Stock Exchange.
Richmont Mines has produced over 1,400,000 ounces of gold from its operations in Quebec, Ontario and Newfoundland and Labrador since beginning production in 1991 and currently has producing mines in Ontario and Quebec.
The post Richmont Mines says president and CEO Paul Carmel ‘relieved of duties’ appeared first on Canadian Business.

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