World Gold Council
The following is the world official gold holdings as of June 20, according to the World Gold Council (WGC). Statistics show European central banks sold little gold over the past quarter of the year be…
News
LETTERS TO EDITOR
In regards to the article “New challenge for Chile’s ‘Copper Man'” ( T. N. M., May 24-30/10), exploration would soar in Chile if junior mining companies were allowed to bid on even a percentage of the…
Aurizon reads between Casa Berardi mines
VANCOUVER — With two underground gold deposits actively being mined at the Casa Berardi project in northwestern Quebec, Aurizon Mines (ARZ-T, ARK-N) recently completed a drill program to better under…
Terrane pegs AMEC-Fluor partnership for Mt. Milligan
Mine builders AMEC Americas and Fluor Canada have signed a letter of intent with Terrane Metals (TRX-V) to construct key components for the company’s Mt. Milligan copper-gold project in northwestern B…
Quadra FNX loses Chinese partner for Sierra Gorda (June 28, 2010)
A Chinese utility company has walked away from a potential 50-50 joint-venture deal with recently-merged Quadra FNX Mining (QUX-T) for its Sierra Gorda copper-gold- molybdenum project and Franke coppe…
SPOT PRICES (June 28, 2010)
COURTE SY OF SCOTIABANK
Labour problems dog Gammon at El Cubo
One year after a six-week strike shut down Gammon Gold’s (GAM-T, GRS-N) El Cubo gold-silver mine in Mexico, a second wave of labour unrest has now forced management to put the mine on care and mainten…
LME WAREHOUSE LEVELS (June 28, 2010)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 22, 2010 (change from June 15 in brackets):
High-grade hits lift Fronteer
VANCOUVER — A $20-million, five-rig exploration program at the Long Canyon gold project in Nevada has quickly justified itself by returning 16.4 metres grading 21.2 grams gold per tonne in the first …
Claude revisits Amisk
VANCOUVER — Claude Resources (CRJ-T, CGR-X) has hit long intercepts of near-surface gold and silver at its Amisk gold project and high-grade drill results at its operating Seabee gold mine, both in n…
PRODUCER AND DEALER PRICES (June 28, 2010)
Antimony: Mid-mkt US$8,566.66 /t.
Vale goes big and goes home
The 24th trading week of the year saw the world’s biggest iron ore miner — Vale — and Germany’s biggest steelmaker — ThyssenKrupp Steel — usher in a new era in steelmaking in Brazil.