LME Warehouse Levels (March 16, 2009)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Mar. 10, 2009 (change from Mar. 3 in brackets):
News
West Africans Ask Miners For More Training, Transparency
Mines ministers from West Africa say foreign mining companies need to become more transparent, help more with infrastructure development and provide more training to local people.
Commentary: The Human Disaster In Nunavut
As Canada’s Nunavut territory approaches its tenth anniversary on April 1, we should look at the mismatch between resource investment and the Inuit human capital, and consider these points:
The ‘Dismal’ Gather At The PDAC
The ninth trading week of the year was highlighted by another blowout Prospectors and Developers Association of Canada convention in Toronto.
Border Coal Beds Start To Develop For Goldsource
VANCOUVER — A steady stream of coal intercepts is helping Goldsource Mines’ (GXS-V, GXSFF-O) share price regain some ground, though it remains far below the dizzying heights it reached last summer.
Vale Inco, Alcoa And U.S. Steel Cutting Back
Responding to the ongoing slowdown in the nickel market, Vale Inco, the nickel division of Vale (RIO-N), has announced 900 job cuts worldwide. Most of the affected jobs are in the corporate, managemen…
Yemen Looks For Share Of Mining Spotlight
Exploration companies looking for the next big find have seldom thought to look in the Middle Eastern country of Yemen.
Redcorp Files For Creditor Protection
VANCOUVER — Redcorp Ventures( RDV-T, RDFVF-O) has filed for creditor protection, a few weeks after suspending development work at its Tulsequah Chief polymetallic mine in northern British Columbia in…
Mag Silver Still Battling Fresnillo
VANCOUVER — Mag Silver (MAG-T, MVG-X) CEO Dan MacInnis still contends that a significantly slimmed- down resource estimate for the Valdecanas silver vein system on the company’s 44%-owned Juanicipio …
Vedanta Buying Asarco For Us$1.7B
VANCOUVER — Beleaguered U. S. copper giant Asarco has agreed to Vedanta Resources’ (VDNRF-O, VED-L) revised US$1.7-billion offer for its assets following the breakdown of a previously announced US$2….
TSX Venture Exchange – March 3-9
It was continued dreariness on the S&P/TSX Venture composite index for the March 3-9 reporting period. Since mid-February — and the end of a small rally on the Venture Exchange — there have only…
People (March 16, 2009)
Augyva Mining — Simon Britt has stepped down as CFO but will continue as an independent consultant to the company; Lynda Paulin reappointed CFO.