Lme Warehouse Levels (July 13, 2009)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 7, 2009 (change from June 30 in brackets):
News
Spot Prices (July 13, 2009)
COURTESY OF SCOTIABANK
Klondex Board Rejects Silvercorp Offer
VANCOUVER — Calling it “opportunistic,” Klondex Mines’ (KDX-T, KLNDF-O) board of directors has rejected an all-share hostile takeover bid made in June by Silvercorp Metals (SVM-T, SVM-X).
Starfield To Acquire Nevoro In Friendly Deal
Explorer Starfield Resources (SRU-T, SRFDF-O), which is advancing the Ferguson Lake base metal and platinum group metal (PGM) project in Nunavut, is taking over fellow junior Nevoro (NVR-T, NEVIF-O), …
Teck Turns To China To Lower Debt
It was such a short time ago that Canada’s biggest independent miner was suffering from too much debt and too little cash flow.
Positive Scoping Study For Kuriskova
A preliminary assessment of Tournigan Energy’s (TVC-V, TVCFF-O) Kuriskova uranium deposit in Slovakia calculates a payback within roughly one-third of the projected mine life and production costs subs…
Livengood Resource Tops 10 Million Oz. Gold
VANCOUVER — A winter drill program at International Tower Hill Mines’ (ITH-V, THM-X) Livengood project in Alaska has boosted the gold count in the deposit’s highgrade core by 20%.
Teck Lets The Dragon In The Door
The last trading week of the second quarter of 2009 brought an end to the worst first half of the year for miners since 2002, though the signs of continued recovery point to a brighter second half and…
Uranium On The Up Trend In Namibia
VANCOUVER — Rio Tinto’s (RTP-N, RIO-L) Rossing mine in Namibia already produces roughly 8% of the world’s annual supply of uranium. Now the country looks set to increase its presence on the uranium m…
Jinshan Gets US$31M Loan From China National Gold
Having China’s largest state-owned gold producer in its corner is starting to pay big dividends for Jinshan Gold Mines (JIN-T, JINFF-O).
Producer And Dealer Prices (July 13, 2009)
Antimony: Mid-mkt US$4,350/t.
People (July 13, 2009)
Alcoa — Kevin Kramer appointed president of growth initiatives; Tim Myers appointed president of Alcoa Wheel and Transportation products.