People (September 21, 2009)
Aberdeen International — David Stein appointed president, COO and a director; George Faught has resigned as president but remains CEO and a director.
News
Colombia Braces For Renaissance In Gold Mining
MEDELLIN, COLOMBIA — One of South America’s historically richest gold-producing nations appears poised to regain a crown that was stolen by years of endemic corruption, crime and warfare.
Grupo Mexico Should Get Asarco Back, Judge Recommends
VANCOUVER — It’s time for a bankrupt American runaway to go back home to its Mexican parent company.
Murenbeeld, Walker Diverge On Gold Predictions
DENVER, COLO. — The average price of gold could top US$1,100 per oz. in 2010 as central banks and investors buy up the metal amidst a new world economy, says Martin Murenbeeld, president of DundeeWea…
LME Warehouse Levels (September 21, 2009)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, September 15, 2009 (change from Sept. 8 in brackets):
Spot Prices (September 21, 2009)
COURTESY OF SCOTIABANK
Barrick Raising US $4B To Slash Hedge Book
As the price of gold surpassed the critical US$1,000 per oz. mark on Sept. 8, Barrick Gold (ABX-T, ABX-N) announced it would substantially trim its gold hedges — derivative instruments originally cre…
China Reaching For Canadian Resources
The financial crisis may have dried up capital for many mining companies in the West but not in China, where cash-rich companies are taking advantage of the credit crunch and going on shopping sprees.
Producer And Dealer Prices (September 21, 2009)
Antimony: Mid-mkt US$4,950/t.
No Moto? No Problem: Red Back Eyes Organic Growth In Africa
These are good days for Red Back Mining (RBI-T, RBIFF-O) in the West African country of Mauritania.
Daily Metal Prices (September 21, 2009)
Date Sept. 14 Sept. 11 Sept. 10 Sept. 9 Sept. 8 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 1670/1708 1675/1705 1680/1710 1700/1730 170…
Party Time For Gold
There’s often a little more seriousness and sobriety in the air in North America the week after Labour Day, as the nights get colder, students head back to school, 9-11 is commemorated and businesses …