U.S. MARKETS MARCH 9-15
U.S. equity markets were fairly ho-hum in the March 9-15 reporting period with the Dow Jones industrial average inching up just 0.74% or 77.77 points to finish at 10,642.15 and the S&P 500 index g…
News
PEOPLE (March 22, 2010)
Alcoa — Marcos Ramos appointed president of Alcoa Europe and will continue as president of Global Primary Products Europe; Rudi Huber has retired as president of Alcoa Europe.
SPOT PRICES (March 22, 2010)
COURTESY OF SCOTIABANK
Kinross to acquire Underworld Resources (March 22, 2010)
The boards of Kinross Gold (K-T, KGC-N) and Underworld Resources (UW-V) have given their approval to a friendly takeover deal that will give Kinross the junior exploration company’s White Gold project…
LME WAREHOUSE LEVELS (March 22, 2010)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 16, 2010 (change from Mar. 9 in brackets):
Apollo, Linear merging to form mid-tier gold miner
VANCOUVER — Apollo Gold (APG-T, AGT-X) and Linear Gold (LRR-T) are set to merge into a company with an active gold mine in Ontario, an advanced gold project in Saskatchewan, and a solid cash balance.
TD’s Drummond paints bearish scenario for gold
Maybe it wasn’t what people came to hear — the event’s sponsors after all were gold heavyweights Newmont Mining (NMC-T, NEM-N) and Franco- Nevada (FNV-T), and this was a luncheon at the Prospectors a…
Lundin jumps on Tenke Fungurume news
VANCOUVER — News that a resolution to the contract review is near for the Tenke Fungurume copper mine in the Democratic Republic of the Congo (DRC) lifted part-owner Lundin Mining’s (LUN-T) share pri…
PRODUCER AND DEALER PRICES (March 22, 2010)
Antimony: Mid-mkt US$5750.00/t.
Quadra announces JV with Chinese utility
VANCOUVER — A memorandum of understanding between Quadra Mining (QUA-T, QADMF-O) and State Grid International Development Ltd. (SGID) outlined a deal to jointly develop and operate Quadra’s Franke co…
DAILY METAL PRICES (March 22, 2010)
Date Mar. 15 Mar. 12 Mar. 11 Mar. 10 Mar. 9 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 1990/2020 1995/2025 1965/1990 1994/2020 1980/20…
SRA makes comeback in Portugal
Failed zinc miner Strategic Resource Acquisition (SRA) (SRZ. H-V) has emerged from bankruptcy protection and signed a deal to acquire gold and base metals projects in Portugal.