Suppliers News: Atlas Copco opens new factory in North Bay
Stockholm-based mining equipment supplier Atlas Copco, has announced the opening of a new factory in North Bay, Ont.
News
Severstal and Chalco cutting output (November 03, 2008)
Severstal, Russia’s largest steel maker, is slashing output in Russia, the U. S. and Europe by 25-30% amidst slowing demand, according to a report by Bloomberg news.
Lake Maitland shows strong economics for Mega Uranium
Vancouver — A month after the government in Western Australia lifted a ban on uranium mining, Mega Uranium (MGA-T, MGAFF-o) released a preliminary economic assessment for its Lake Maitland project th…
PEOPLE (November 03, 2008)
GlobeStar Mining — David Brace appointed CEO.
LME WAREHOUSE LEVELS (November 03, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 28, 2008 (change from Oct. 21 in brackets):
SPOT PRICES (November 03, 2008)
COURTESY OF SCOTIABANK
Rubicon drills more high-grade under Red Lake
Rubicon Minerals (RMX-T, RBY-x) has cut 2.2 metres grading 42 grams gold per tonne starting at 880 metres depth on its Phoenix project, in Ontario’s Red Lake district.
PRODUCER AND DEALER PRICES (November 03, 2008)
Antimony: Mid-mkt US$6,383.33/t.
DAILY METAL PRICES (November 03, 2008)
Date Oct. 27 Oct. 24 Oct. 23 Oct. 22 Oct. 21 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 1360/1410 1350/1400 1505/1551 1505/1565 1591/1…
Archangel fails to meet escrow deadline (November 03, 2008)
First the good news: A Russian foreign investment review commission chaired by former president Vladimir Putin has granted its conditional consent for Archangel Diamond (AAD-V, ADMOF-o) to acquire a 4…
It’s a long moly Storie for Columbia Yukon (October 31, 2008)
Vancouver – Step-out drilling at the Storie molybdenum deposit continues to return long mineralized intercepts for …
The race to find rare earths outside of China
The key metals needed for hybrid cars, flat screen TVs and energy-efficient lighting could be in short supply in a …