Suppliers News: IISI becomes World Steel Association
The International Iron and Steel Institute has changed its name to the World Steel Association to better reflect its global expansion.
News
Rare earth discovery in Namibia intrigues Etruscan (November 03, 2008)
Etruscan Resources’ (EET-T, ETRUF-o) initial interest in exploring northern Namibia was to find iron oxide copper-gold (IOCG) deposits and the Canadian junior believed that the rare earth occurrence a…
Editorial: Loonie plunges as oil prices slide
Canada’s loonie seems to dip and dive just like any other petrodollar these days, if the week ended Oct. 25, the 43rd trading week of 2008, is anything to go by.
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.
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…