ArcelorMittal shores up Brazilian iron ore assets
VANCOUVER — ArcelorMittal (MT-N) cut two sizable cheques on the same day for two iron assets in Brazil.
News
12 SNC-Lavalin employees die in Algeria bombing
Twelve SNC-Lavalin (SNC-T) employees were killed and another 15 injured in Algeria, when a car bomb exploded near a bus they were riding to work.
PEOPLE (September 01, 2008)
Arcadis– Ann Warner appointed VP director of government affairs for U. S. operations.
LME WAREHOUSE LEVELS (September 01, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, August 26, 2008 (change from August 19 in brackets):
SPOT PRICES (September 01, 2008)
COURTESY OF SCOTIABANK
Independent Nickel mulls its options
Hoping to expand its nickel holdings in Manitoba, Victory Nickel (NI-T, VNCKF-O) has made an unsolicited, all-share takeover bid for Sudbury, Ont.-based Independent Nickel (INI-T, INIFF-O).
MagIndustries boosts Kouilou reserve
Four months after nailing a 25-year licence to mine potash in the Republic of Congo, in Equatorial Africa, MagIndustries (MAA-V, MAAFF-O) has filed an updated technical report and reserve and resource…
Obituary: Founder of Sander Geophysics dies at 84
George Wolfgang Sander, founder of one of Canada’s most successful geophysics surveying companies, passed away peacefully at his home in Dunrobin, Ont., on Aug. 23, 2008. He was 84.
Editorial: It’s closin’ time
Mine closings and layoffs. Yes, with metal prices pulling back sharply this past half year, we’ve finally reached that painful inflection point in the commodity cycle where mine suspensions and closin…
Correction (September 01, 2008)
In last week’s edition ( T. N. M., Aug. 25-31/08), we ran an excerpt from the book Red Lake: Golden Treasure Chest, with information on how to get a copy. The telephone number accompanying the details…
PRODUCER AND DEALER PRICES (September 01, 2008)
Antimony: Mid-mkt US$6,300.00/t.
DAILY METAL PRICES (September 01, 2008)
Date Aug. 25 Aug. 22 Aug. 21 Aug. 20 Aug. 19 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy Holiday 2440/2495 2430/2470 2431/2475 2430/247…