Silvercorp hatches US$50M plan
Silvercorp Metals (SVM-T, SVMFF-O) has big expansion plans for its Ying silver-lead-zinc mining camp in Henan province, China, that would see the company mine 700,000 tonnes of ore per year by 2010.
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FACTS ‘N’ FIGURES (March 31, 2008)
Exports of U. S.-made construction machinery last year topped US$17.2 billion worth of equipment sold worldwide, according to the Association of Equipment Manufacturers (AEM).
Following the money: Ringbolt Ventures makes potash play in Utah
With food and fertilizer prices at record highs, mineral exploration company Ringbolt Ventures (RBV-V) has spied an opportunity to make hay while the sun shines.
NovaGold lines up US$95M note offering
VANCOUVER — After recently pulling the plug on a planned $130- million private placement due to “pricing conditions,” NovaGold Resources (NG-T, NG-X) has now lined up a US$95-million convertible note…
‘Lazy’ editorial missed the facts: Giustra
LETTER TO THE EDITOR
Mine safety programs paying off, says OMA
Ontario’s mining industry has improved safety drastically over the past decade, according to the Ontario Mining Association (OMA).
LME WAREHOUSE LEVELS (March 31, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 25, 2008 (change from March 11 in brackets):
Study shows Pumpkin Hollow economic
A preliminary economic assessment of Nevada Copper’s (NCU-T) 100%-owned Pumpkin Hollow copper property southeast of Reno, in Nevada, predicts an internal rate of return of between 20.5% and 29.3%, the…
PRODUCER AND DEALER PRICES (March 31, 2008)
Antimony: Mid-mkt US$5,800/t. Bismuth: Mid-mkt US$16.25/lb. Cadmium: Mid-mkt US$4.05/lb. Coal:EIA Central Appalachian thermal, US$84.35/T; Powder River Basin thermal, US$14.20/T; Northern Appalachian, US$80.00; US EIA Sept. metallurgical, US$104.80/t. NYMEX Powder River…
DAILY METAL PRICES (March 31, 2008)
Date March 24 March 21 March 20 March 19 March 18 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy Holiday Holiday 2610/2650 2630/2651…
Starfield likes Ferguson Lake economics
The Ferguson Lake base metals project, in Nunavut, will likely post an internal rate of return of 27% based on current nickel and copper prices, Starfield Resources (SRU-T, SRFDF-O) says.
METALS, MINING AND MONEY MARKETS (March 31, 2008)
SPOT PRICES COURTESY OF SCOTIABANK Tuesday, March 24, 2008 Precious Metals Price (US$/oz.) Change Gold $930.65 -75.10 Silver $17.58 -2.81 Platinum $1918.00 -76.00 Palladium $440.00 -37.00 Base Metals Price (US$/lb.)…