LME Warehouse Levels (March 12, 2007)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 5, 2007 (change from Feb. 26 in brackets):
Articles by Northern Miner Staff
Editorial: Global market downturn hammers gold, silver
The biggest story for the week ended March 2, the ninth trading week of 2007, was the worldwide stock-market meltdown that started with a surging yen and a 9% drop on the red-hot Shanghai Exchange, an…
Go small: Trends make micro-mining increasingly viable
Special to the Northern Miner
Paladin increasing its Australian holdings
Paladin Resources (PDN-T, PDN-A) is looking to increase its bet on the future of uranium mining in Australia.
U.S. Markets Feb. 27-Mar. 5
A sharp drop in the Shanghai stock market sent ripple effects across global equity markets, pushing the Dow Jones Industrial Average down 581.85 points to 12,050.41 during the Feb. 27-March 5 period.
TSX Venture Exchange Feb. 27-Mar. 5
The Asian stock market correction prompted a major retraction in the resource sector over the Feb. 27-March 5 trading session as investors wondered if the region’s hunger for commodities would wane. T…
Consmin looks to reorganize with Gilbertson (March 12, 2007)
Former BHP Billiton (BHP-N, BLT-L, BHP-A) chief executive Brian Gilbertson and the low-profile Swiss-based coal house AMCI have made a joint bid to finance Consolidated Minerals (CNM-L, CNM-A).
Wesdome breaking even (March 12, 2007)
Wesdome Gold Mines (WDO-T, WDOFF-O) was a little short on production in 2006 at its Kiena gold mine in Val d’Or, Que., but the future is looking up with the surprise discovery of an extension of the S…
Barrick brings Ruby Hill back to life (March 12, 2007)
Following a successful restart of operations, Barrick Gold’s (ABX-T, ABX-N) Ruby Hill mine in Nevada poured its first gold in February.
Deacon resource boosts Lanfranchi
Vancouver — Initial resource estimates for Brilliant Mining’s (BMC-V) recently discovered Deacon deposit significantly boosts the overall nickel inventory on its Lanfranchi mine joint venture in West…
Toronto Stock Exchange Feb. 27-Mar. 5
In a week that included an 8.8% sell-off within China’s Shanghai Composite Index, there was little to be gained in the markets during the Feb. 27-March 5 trading period. The TSX Composite Index felt t…
Louvem, Richmont short on gold production in 2006
The Beaufor gold mine, near Val d’Or, Que., was a disappointment in 2006 for both of its 50-50 joint- venture owners, Louvem Mines (LOV-V) and Richmont Mines (RIC-T, RIC-X).