SPOT PRICES (July 26, 2010)
COURTE SY OF SCOTIABANK
Articles by Northern Miner Staff
LME WAREHOUSE LEVELS (July 26, 2010)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 20, 2010 (change from July 13 in brackets):
PRODUCER AND DEALER PRICES (July 26, 2010)
Antimony: Mid-mkt US$9,000.00 /t.
DAILY METAL PRICES (July 26, 2010)
Date July 19 July 16 July 15 July 14 July 13 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 2030/2000 2020/1990 1990/1970 1995/1980 1950/1…
CANADIAN GOLD MUTUAL FUNDS (July 26, 2010)
Featured Fund: Dynamic Precious Metals as of 03/31/10 (in weighted order): Osisko Mining, San Gold, Red Back Mining, Aurizon Mines, Agnico-Eagle Mines, Alamos Gold, Kinross Gold, Allied Nevada Gold, E…
Thompson Creek to acquire Terrane
VANCOUVER– The Mt. Milligan gold-copper mine in British Columbia is a step closer to reality after Thompson Creek Metals (TCM-T, TC-N) struck a deal to acquire project owner Terrane Metals (TRX-V).
Anaconda Mining bids for New Island Resources
Anaconda Mining’s (ANX-T) all-share takeover bid for New Island Resources (NIS-V) “reflects full value” for New Island’s assets, the Toronto-based company says. The news sent New Island shares up 42.9…
No more toll milling for Alexis (July 26, 2010)
Alexis Minerals (AMC-T) will save $12-$15 per tonne by processing ore from the Lac Herbin gold mine near Val d’Or, Que., at its recently refurbished Aurbel mill.
New Pacific pursues Tagish Lake
Shares of distressed junior Tagish Lake Gold (TLG-V) soared 50% to 6¢ apiece with 6.39 million shares changing hands on news that China-focused New Pacific Metals (NUX-V) intends to make a friend…
Thompson Creek’s Mt. Milligan bet
Huge, low-grade mineral deposits sit on a razor’s edge, able to generate great profits when metals prices are strong but extremely vulnerable to cyclical downturns.
Steel, iron ore markets to rebound: UNCTAD
The steel and iron ore industries are forecasted to make a strong recovery in 2010 before leveling out, according to the Trust Fund Project on Iron Ore Information’s latest report.
Will China’s property policy curb metal demand?
While some analysts warn that the Chinese government’s attempts to clip property prices by 30% threatens the demand outlook for metals, underscoring the oversupply of steel and, as a consequence, vuln…