SPOT PRICES (August 25, 2008)
COURTESY OF SCOTIABANK
Articles by Northern Miner Staff
LME WAREHOUSE LEVELS (August 25, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug. 19, 2008 (change from Aug. 12 in brackets):
TSX VENTURE EXCHANGE AUG. 12-18
The period of Aug. 12-18 was another bearish one for the S&P-TSX Venture Composite Index. By the end of the period the exchange had lost another 91.71 points, bringing the cumulative loss from Jul…
Decentralization poses dilemmas for miners
Mining companies are increasingly accepting the business case for sustainable community investment, as it can help secure their social licence to operate, add value for shareholders and engage communi…
Intrepid posts Indonesian resource (August 25, 2008)
VANCOUVER — A resource estimate for a portion of the Tujuh Bukit gold project in Indonesia only a few months after Intrepid Mines (IAU-T, IAU-A) acquired the project through a merger with Emperor Min…
Aussie billionaire to form China-focused resource giant
An Australian billionaire plans to launch his private company, Resource Development International (RDI), as a resources giant that would supply iron ore, nickel and energy to China.
Serengeti expands Kwanika (August 25, 2008)
VANCOUVER — With the assays in hand from another dozen drill holes from an ongoing 59-hole campaign this year at its Kwanika property, about 250 km east of Smithers, B. C., Serengeti Resources’ (SIR-…
Xstrata Copper to spend $121 M to extend Kidd
Mining giant Xstrata’s (XSRAF-O, XTA-L) subsidiary Xstrata Copper will invest $121 million to extend the life of its Kidd polymetallic mine near Timmins, Ont.
Mosquito builds team for CUMO feasibility
Mosquito Consolidated Gold Mines( MSQ-T) has hired three companies to conduct a feasibility test at its Cumo molybdenum-copper project, in south-central Idaho, 15 km southwest of Idaho City.
TORONTO STOCK EXCHANGE AUG. 12-18
The TSX Composite Index continued its decline over the Aug. 12-18 trading period falling another 83.82 points, or 0.6%, to 13,119.37.
U. S. MARKETS AUG. 12-18
Investors in U. S. markets can be forgiven for feeling a little overwhelmed these days. Expectations that slower economic growth will limit demand have pushed down prices for commodities such as coppe…
PEOPLE (August 25, 2008)
Andean Resources– Christopher Van Tienhoven appointed country manager for Argentina.