Apoquindo copper chiefs see near-term production
SITE VISIT Antofagasta, Chile — The word apoquindo means “meeting of the chiefs.” It’s an appropriate name for a company chaired by the former head of the world’s biggest copper…
News
Colossus Minerals digs in at Serra Pelada
SITE VISIT Carajas, Brazil — Old photographs of the most spectacular gold rush in recent history show tens of thousands of artisanal miners called garimpeiros clawing away at the mud…
U. S. MARKETS – NOVEMBER 11-17
Indexes were down across the board during the Nov. 11-17 trading session. The Dow Jones Industrial Average fell 5.1% or 420.38 points to 8,273.58, while the S&P 500 Index dropped 48.2 points, or 5…
TORONTO STOCK EXCHANGE – NOVEMBER 11-17
Global markets resumed their slide over the Nov. 11-17 trading session and the TSX was no exception. The TSX Composite Index fell roughly 107 points to 8,795.45 over a period that saw U. S. Treasury S…
TSX VENTURE EXCHANGE – NOVEMBER 11-17
By the last day of the Nov. 11-17 trading session the S&P-TSX Venture Composite Index slid below 800 points and closed at a low not seen since January 2000. The Venture board lost 128.2 points to …
Rare Earths Shortage Looming?
The key metals needed for hybrid cars, flat-screen TVs and energy-efficient lighting could be in short supply in a few years’ time if rare earth element mines aren’t developed outside of China, some i…
Lundin Sees One-Two Punch In Q3
Vancouver– Deteriorating metal prices have forced Lundin Mining (LUN-T, LMC-n) to put one mine on care and maintenance, consider closing another early, and shift production at a third to copper from …
Teck Wrestles With US$10B Debt
Vancouver — For the last few years, Teck (TCK. B-T, TCK-n) has been a reliable, dividend-paying investment option, a major mining company regularly recording substantial profits by cashing in on stro…
Apex Silver Forced Into Fire Sale Of San Cristobal
Apex Silver Mines (SIL-x) has been forced to sell its 65% stake in the massive San Cristobal zinc and silver mine to its minority partner, Japan-based Sumitomo Corp. (SSUMY-o) for US$22.5 million.
LME WAREHOUSE LEVELS (November 24, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 18, 2008 (change from Nov. 11 in brackets):
SPOT PRICES (November 24, 2008)
COURTESY OF SCOTIABANK
PEOPLE (November 24, 2008)
Alcoa — Patricia Russo appointed a director.