Coeur d’Alene poised to open Mexican mine
It was less than a year ago that Coeur d’Alene Mines (CDM-T, CDE-n, CXC-a) opened its massive San Bartolome silver …
News
TSX Venture Exchange – March 3-9
It was continued dreariness on the S&P/TSX Venture composite index for the March 3-9 reporting period. Since mid-February — and the end of a small rally on the Venture Exchange — there have only…
Mag Silver Still Battling Fresnillo
VANCOUVER — Mag Silver (MAG-T, MVG-X) CEO Dan MacInnis still contends that a significantly slimmed- down resource estimate for the Valdecanas silver vein system on the company’s 44%-owned Juanicipio …
U. S. Markets – March 3-9
In a CNBC television interview on March 9, Warren Buffet said the U. S. economy had “fallen off a cliff” and argued Washington needed to wage an “economic war” to fix it and restore confidence in the …
Toronto Stock Exchange – March 3-9
The TSX was down during the March 3-9 reporting period, with the S&P/TSX composite index losing 121 points, or 1.6%, to 7,567. Last May, the index hit 15,000.
Clarification (March 16, 2009)
In our Feb. 9-15/09 issue, we stated in the article “Cliffs buys into KWG on ‘Ring of Fire’ chrome discovery” that chrome is a byproduct of Bushveld platinum group metals mining.
People (March 16, 2009)
Augyva Mining — Simon Britt has stepped down as CFO but will continue as an independent consultant to the company; Lynda Paulin reappointed CFO.
Vale Inco, Alcoa And U.S. Steel Cutting Back
Responding to the ongoing slowdown in the nickel market, Vale Inco, the nickel division of Vale (RIO-N), has announced 900 job cuts worldwide. Most of the affected jobs are in the corporate, managemen…
LME Warehouse Levels (March 16, 2009)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Mar. 10, 2009 (change from Mar. 3 in brackets):
Spot Prices (March 16, 2009)
COURTESY OF SCOTIABANK
Vedanta Buying Asarco For Us$1.7B
VANCOUVER — Beleaguered U. S. copper giant Asarco has agreed to Vedanta Resources’ (VDNRF-O, VED-L) revised US$1.7-billion offer for its assets following the breakdown of a previously announced US$2….
Redcorp Files For Creditor Protection
VANCOUVER — Redcorp Ventures( RDV-T, RDFVF-O) has filed for creditor protection, a few weeks after suspending development work at its Tulsequah Chief polymetallic mine in northern British Columbia in…