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…
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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…
Yemen Looks For Share Of Mining Spotlight
Exploration companies looking for the next big find have seldom thought to look in the Middle Eastern country of Yemen.
Border Coal Beds Start To Develop For Goldsource
VANCOUVER — A steady stream of coal intercepts is helping Goldsource Mines’ (GXS-V, GXSFF-O) share price regain some ground, though it remains far below the dizzying heights it reached last summer.
The ‘Dismal’ Gather At The PDAC
The ninth trading week of the year was highlighted by another blowout Prospectors and Developers Association of Canada convention in Toronto.
Producer And Dealer Prices (March 16, 2009)
Antimony: Mid-mkt US$4,350/t.
West Africans Ask Miners For More Training, Transparency
Mines ministers from West Africa say foreign mining companies need to become more transparent, help more with infrastructure development and provide more training to local people.
Daily Metal Prices (March 16, 2009)
Date Mar. 9 Mar. 6 Mar. 5 Mar. 4 Mar. 3 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 1170/1200 1160/1190 1141/1175 1150/1170 1135/1170 A…
North American Stock Exchange Indices (March 16, 2009)
52-week Date Mar. 9 Mar. 6 Mar. 5 Mar. 4 Mar. 3 High Low S&P/TSX-Ven Comp 814.19 829.12 829.69 830.95 824.07 2735.30 678.62 TSX Composite 7566.94 7591.47 7629.17 7814.75 7631.62…