News

Choice Spot, Tough Decision For Geologix

SITE VISIT Durango, Mexico — Geologix Explorations (GIX-T, GXEXF-o) is positioned on top of what could be Mexico’s next great polymetallic mine. Just an 85-km…



Denison Slides On Midwest Deferral

Vancouver — Investors drove Denison Mines’ (DML-T, DNN-x) share price down 24% after the company announced plans to shut down the Tony M uranium mine in Utah and shelve development plans for the Midw…


Analysts and media tour Agnico-Eagle Mines' Kittila mine, in Kittila, Finland, late last month. In addition to probable reserves of 3 million oz. gold, Kittila hosts indicated resources of 500,000 oz. gold, plus 2.2 million inferred oz.

Agnico Bewitched By Kittila

SITE VISIT Kittila, Finland — Finnish legend tells of a powerful witch named Paivio who lived in far northern Finland with the primeval Finnish shamans,…


Global Financial Crisis Sends Deal Value Down

The value of mergers and acquisitions in the metals industry this year will fall far short of last year’s total and the outlook for the first half of 2009 doesn’t look very promising, PricewaterhouseC…



A weaker fourth-quarter has forced Sherrit International to withhold $270 million in contributions for the expansion of its 50%-owned Moa nickel-cobalt operation (right).

Sherritt Buckles Down After Strong Q3

Although Sherritt International (S-T, SHERF-o) had a strong third quarter, the company says it will cut back on spending in the new year as it braces for much weaker fourth-quarter results.


An oxide ore stockpile at Katanga Mining's Kamoto copper and cobalt project in the Democratic Republic of the Congo's Katanga province. Due to falling copper prices, the company has stopped mining producing cobalt at its nearby Tilwezembe open-pit mine and Kolwezi concentrator, but will meet market demand for cobalt concentrate from stockpiles.

Katanga Halts Cobalt Production In DRC

Katanga Mining (KAT-T, KATFF-o) has stopped producing cobalt at two connected projects in the Democratic Republic of the Congo (DRC) because of falling prices for the metal.


People (December 08, 2008)

Apoquindo Minerals — Francisco Calaf appointed operations manager for the Apoquindo copper oxide project in Chile.


Section of mineralization in core from Platinum Group Metals and Anglo Platinum's Western Bushveld joint venture, in South Africa. Production of platinum from South Africa is expected to be 250,000 oz. lower this year, according to a report released by Johnson Matthey.

Economy The Wild Card In Wobbly Platinum Market

The platinum market is shakier than it has been for many years, says a report by Johnson Matthey, which refines the platinum that’s consumed in a third of all catalytic converters used to control vehi…


Tirex Offers 5 Oz. Gold For New Slogan

Before Tirex Resources (TXX-V, TIRXF-o), came along, gold and silver values were largely unknown in the Mirdita mining district of Albania because the state-run exploration company in charge never ass…


U. S. MARKETS – NOV. 25-DEC. 1

U. S. markets were down during the Nov. 25-Dec. 1 trading session on continued signs of a recession, both stateside and around the world. The Dow Jones Industrial Average was down 330 points, or 3.9%,…


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