Daily Metal Prices (May 11, 2009)
Date May 4 May 1 Apr. 30 Apr. 29 Apr. 28 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy Holiday 1291/1350 1291.50/1330 1291/1330 1291/1330…
Articles by Northern Miner Staff
Producer And Dealer Prices (May 11, 2009)
Antimony: Mid-mkt US$4,250/t.
Formation Gains On USFS Rejection Of Xstrata Appeal
VANCOUVER — An arduous environmental- permitting odyssey is over for Formation Capital (FCO-T, FCACF-O).
Perseverance Paying Off For Castle Gold In Mexico
SITE VISIT DURANGO, MEXICO — John Wayne was here. En route to Castle Gold’s (CSG-V, CSGLF-O) El Castillo gold mine, about an hour and a…
Donlin Creek Costs Hit US$4.5B
VANCOUVER — NovaGold Resources (NG-T, NG-X) has been hit with another massive projected capital cost increase: an updated feasibility study for the Donlin Creek gold project in Alaska pegged developm…
Japan, China, South Korea In Energy Shopping Spree
Taking advantage of depressed prices, energy-poor but cash-rich industrial powerhouses Japan, China and South Korea have embarked on large-scale buying of energy assets.
Sumitomo Buys Teck’s Pogo Stake
Debt-laden Teck (TCK. B-T, TCK-N) has struck a deal to sell its 40% interest in the Pogo gold mine in Alaska to its majority partner Sumitomo Metal Mining for about US$245 million in cash.
Western Copper Gets Go Ahead At Carmacks
VANCOUVER — The Yukon government has approved the mining licence for Western Copper’s (WRN-T, WCPCF-O) Carmacks copper project.
Cliffs Idles Coal Plants
As the economic crisis continues to squash demand for steel, Cliffs Natural Resources (CLF-N) is idling some of its metallurgical coal production in West Virginia and Alabama.
People (May 11, 2009)
Castle Gold — Mark Selby appointed a director.
Capstone, New Gold, Take Action Against Swine Flu
To help combat a potential swine flu pandemic, two Canadian-based mining companies shut down their mines from May 1-5, following a government order to stop all nonessential activities throughout Mexic…
Goldcliff Hits Shallow Gold In Southern BC
VANCOUVER — Drills probing beneath the Bonanza trench at the Panorama Ridge property in southern British Columbia have returned some significant near-surface gold intercepts for Goldcliff Resource (G…