PEOPLE (May 17, 2010)
Alcoa — Klaus Kleinfeld elected chairman and CEO, succeeding a retiring Alain Belda; Frank Thomas and Henry Schacht retiring as directors; Arthur Collins, Jr. elected a director.
News
Initial resource tally for Big Daddy chromite
The Big Daddy chromite deposit in the McFaulds Lake area of northern Ontario is living up to its name as one of the largest and highest grade deposits of its type in the world.
Oyu Tolgoi could be one of world’s biggest mines
An independent study of Oyu Tolgoi shows Ivanhoe Mines (IVN-T, IVN-N, IVN-Q) to have one of the world’s largest copper and gold projects on its hands.
Barker Minerals searches for BC diamonds (May 17, 2010)
VANCOUVER — Many thought Chuck Fipke and Stu Blusson were crazy when Canada’s diamond pioneers tried to convince the world they could find diamond-rich kimberlites in Canada’s Far North.
Nevsun pushes towards production in Eritrea (May 17, 2010)
VANCOUVER — Nevsun Resources (NSU-T, NSU-X) is now more than halfway through building Eritrea’s first mine, on schedule to commission the gold-silver-copper-zinc operation before the year end.
SPOT PRICES (May 17, 2010)
COURTESY OF SCOTIABANK
LME WAREHOUSE LEVELS (May 17, 2010)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 11, 2010 (change from May 4 in brackets):
Golden Queen secures environmental permit
VANCOUVER — Golden Queen Mining’s (GQM-T) Soledad Mountain gold-silver project near Mojave, Calif., finally looks to have environmental approval.
PRODUCER AND DEALER PRICES (May 17, 2010)
Antimony: Mid-mkt US$9,333.33/t.
Tax showdown in Oz
While the European debt crisis and all-time record-high gold prices above US$1,200 per oz. grabbed the biggest headlines, the ordinary talk amongst miners continued to be the shocking new tax regime b…
Mincor slams Australia’s mining tax
As Australian Prime Minister Kevin Rudd and his Labor Party argue the merits of their newly proposed Resource Super Profits Tax, the Australian mining industry is gearing up to fight it.
DAILY METAL PRICES (May 17, 2010)
Date May 10 May 7 May 6 May 5 May 4 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 1980/2020 1941/1975 1925/1950 1951/1980 2050/2075 Alumi…