A thumbs-up for Magellan’s Coringa
A preliminary economic assessment (PEA) of Magellan Minerals’ (MNM-V) Coringa gold project in Brazil’s Amazon basin, 1,200 km northwest of Brasilia and 995 km southwest of the Atlantic port city Belem…
News
PEOPLE (June 07, 2010)
Amanta Resources — Thanawut Sirinawin appointed a director.
SPOT PRICES (June 07, 2010)
COURTESY OF SCOTIABANK
LME WAREHOUSE LEVELS (June 07, 2010)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 1, 2010 (change from May 25 in brackets):
Consolidated Thompson’s big decision fueled by Chinese demand
Consolidated Thompson Iron Mines or CLM (CLM-T) is set to push ahead on a plan to double iron ore production at its Bloom Lake project in Quebec.
Mexican President addresses tax question
At a gala dinner in Toronto honouring Felipe Calderon, the president of Mexico fielded questions on everything from his administration’s war on drugs to whether the soccer-crazy nation is likely to wi…
PRODUCER AND DEALER PRICES (June 07, 2010)
Antimony: Mid-mkt US$9,266.66/t.
Polish miner agrees to fund Abacus’s Afton-Ajax
Europe’s second largest copper producer KGHM Polska Miedz has agreed to fund up to 80% of Abacus Mining’s (AME-V) Afton-Ajax copper project near Kamloops, B.C., which could be the first of many new pr…
Kaminak Gold reignites Yukon gold district (June 07, 2010)
Kaminak Gold (KAM-V) shares jumped 51% or 46¢ apiece to $1.36 per share in Toronto following bonanza assay results from the first two holes drilled at its 100%- owned Coffee project in the White …
High-grade uranium for Denison at Athabasca
VANCOUVER — Denison Mines (DML-T, DNN-X) has 20,000 metres of drilling planned for the summer at its 60%-owned Wheeler River project following more high-grade uranium hits this past winter.
DAILY METAL PRICES (June 07, 2010)
Date May 31 May 28 May 27 May 26 May 25 BASE METALS (London Metal Exchange –Midday official cash/3-month prices, US$ per tonne) Al Alloy Holiday 1880/1895 1915/1930 1871/1895 1860/1880 Alum…
Keegan has plans for Ghanaian gold project
VANCOUVER — A preliminary economic assessment for Keegan Resources’ (KGN-T, KGN-X) gold project in southwest Ghana found an open-pit mine at Esaase could produce some 200,000 oz. gold annually for a …