Inco slows nickel production in Indonesia
Dry weather has forced Inco (N-T, N-N) to cut weekly nickel output by about 130 tonnes at its Indonesia unit becaus…
News
News Roundup — Latin America
Skeena cuts higher grades at El Corazon
LME Warehouse Levels (January 01, 2007)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 21, 2006 (change from Dec. 18 in brackets):
Bear Creek adds value at Corani
With the Corani polymetallic discovery in Peru hovering just shy of 320 million oz. in an overall contained silver resource, Bear Creek Mining (BCM-V, BCEKF-O) is looking to add value by driving the p…
Glencairn works to get Nicaraguan gold projects on track
SITE VISIT Managua, Nicaragua — Toronto-based Glencairn Gold (GGG-T, GLE-X) has been growing recently, supplementing its original gold producer — the Limon mine in Nicaragua — with the La Libertad…
Metallica in $30M bought deal
Vancouver — Metallica Resources (MR-T, MRB-X) has arranged a $30-million bought-deal financing that will allow it to continue development of its Cerro San Pedro gold-silver project in Mexico, as well…
UBS ups targets for Ivanhoe shares
Vancouver — Ivanhoe Mines’ (IVN-T, IVN-N) massive Oyu Tolgoi copper project in Mongolia is likely to be much larger than previously planned now that Rio Tinto (RTP-N, RIO-L) is involved, according to…
More copper at Sombrero Butte
Vancouver — Continuation of Bell Resources’ (BL-V, BZRSF-O) phase 1 drilling has hit some higher-grade copper zones at its Sombrero Butte project in Pinal Cty., Ariz.
UEX sees more high-grade uranium from Shea Creek (January 01, 2007)
Vancouver — Further high-grade uranium values were encountered in drilling by UEX’s (UEX-T, UEXCF-O) joint venture partner Areva Resources Canada on the Shea Creek project in the western Athabasca ba…
Xstrata Nickel invests $5M in CEMI
Xstrata Nickel has invested $5 million in the Centre for Excellence in Mining Innovation (CEMI) at Laurentian University in Sudbury, Ont.
Supplier News (January 01, 2007)
Lamp lets underground miners send text messages
People (January 01, 2007)
Alma Res. — Jag Bal appointed president and director; Lawrence Talbot resigned as president but remains a director; Art Soregaroli appointed to advisory board.