Western Areas to fast-track Spotted Quoll
Seven months after discovering the shallow Spotted Quoll nickel deposit, Western Areas (WSA-T, WSA-A) has completed a scoping study and plans to fast-track the project into production next year.
News
Duluth Metals boosts resource in Minnesota
Duluth Metals (DM-T) has added some heft to its resource estimate for the Nokomis deposit in northeastern Minnesota’s Duluth base metals complex.
Golconda Resources acquires Lyncorp Drilling
Calgary-based Golconda Resources (GA-V, GOLCF-O) has announced its acquisition of Lyncorp Drilling Services.
Cabo secures Cobalt contract
Cabo Drilling (CBE-V, CBEEF-O) has signed a contract with International Millennium Mining (IMI-V, IMLMF-O), to drill at the company’s Cobalt property, in northeastern Ontario.
Intex begins Mindoro feasibility
Intex Resources has launched a feasibility study for its Mindoro nickel laterite project in the Philippines.
PEOPLE (June 16, 2008)
Aquiline Resources — Ken Thomas appointed a director.
LME WAREHOUSE LEVELS (June 16, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 10, 2008 (change from June 3 in brackets):
Copper supply to remain tight to 2010: Citigroup
Copper prices are often viewed as a barometer for many other base metals and — if current indications are any guide — there’s nowhere to go, it seems, but up.
SPOT PRICES (June 16, 2008)
COURTESY OF SCOTIABANK
PRODUCER AND DEALER PRICES (June 16, 2008)
Antimony: Mid-mkt US$6,400.00/t.
DAILY METAL PRICES (June 16, 2008)
Date June 9 June 6 June 5 June 4 June 3 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 2630/2670 2630/2670 2635/2670 2625/2660 2620/2680 A…
NORTH AMERICAN STOCK EXCHANGE INDICES (June 16, 2008)
52-week Date June 9 June 6 June 5 June 4 June 3 High Low S&P/TSX-Ven Comp 2667.31 2681.35 2656.63 2642.57 2640.10 3341.56 2340.21 TSX Composite 14960.76 14969.55 14982.91 146…