Inco slows production in Indonesia
Dry weather has forced Companhia Vale do Rio Doce (RIO-N) subsidiary CVRD Inco to cut weekly nickel output by about 130 tonnes at its Indonesia unit because the reservoir levels at its hydroelectric p…
News
African Metals options copper belt claims
Vancouver — African Metals (AFR-V, AFMCF-O) has inked an option deal on a large land position in the Katanga copper belt of southeastern Democratic Republic of the Congo (DRC).
Shear recovers its largest diamond to date from Churchill
While results remain pending for a 19.5-tonne mini-bulk sample collected from a network of four new kimberlite dyke discoveries on the Churchill joint-venture project in eastern Nunavut, further micro…
CVRD, Baosteel set iron prices
Companhia Vale do Rio Doce (RIO-N), the world’s largest iron ore producer, has wrapped up the 2007 iron ore price negotiations with China’s Baosteel Group, the country’s largest steelmaker.
Daily Metal Prices (January 22, 2007)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
LME Warehouse Levels (January 22, 2007)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 15, 2006 (change from Jan. 8 in brackets):
Spot Prices Courtesy of Scotiabank Tuesday, Jan. 16, 2006
Precious Metals Price (US$/oz.) Change Gold $625.60 +13.60 Silver $12.84 +0.48 Platinum $1140.00 +16.00 Palladium $331.00 -3.00 Base Metals Price (US$/lb.) Change Nickel $16.03 +1.11 Lead $0.75 +0.03 Copper $2.56…
Producer and Dealer Prices (January 22, 2007)
Antimony : Mid-mkt US$5,375/t.
Dividends (January 22, 2007)
Company Div. Pay Record ($) Date Date Noranda Incm Fd 0.085 Jan 25 Dec 31 Goldcorp 0.015* Jan 26 Jan 19 Agnico Eagle 0.12* Jan 29 Jan 15 Aur Res…
Aberdeen finds royalty niche in high-risk countries (January 22, 2007)
While Aberdeen International (AAB-V, AABVF-O) has scored only one gold royalty project since changing directions more than a year ago, the company’s president still believes there’s a niche to be fill…
North American Stock Exchange Indices (January 22, 2007)
Date Jan. 15 Jan. 12 Jan. 11 Jan. 10 Jan. 9 High Low S&P/TSX-Ven Comp 2892.23 2848.02 2794.30 2766.45 2799.91 3309.90 2291.43 TSX Composite 12755.36 12678.81 12519.90 12457.55 12467.99 13042.77…
People (January 22, 2007)
Alcan — Michel Jacques appointed president and CEO of subsidiary Alcan Primary Metal Group; Christel Bories appointed president and CEO of subsidiary Alcan Engineered Products; Ilene Gordon appointed…