Exeter advances Caspiche and Cerro Moro
Copiapo, Chile — The road from the city of Copiapo to Exeter Resource’s (XRC-V, XRA-X) Caspiche gold-co…
Freeport-McMoRan Inc
Freeport-McMoRan To Run Lean In 2009
Vancouver– Freeport- McMoRan Copper & Gold (FCX-n) is making deep cuts to capital spending, nixing its dividend and chopping copper production by 5% in 2009 and by 11% in 2010.
Fortress Cuts High-Grade At Svetloye
Vancouver– Fortress Minerals (FST-V, FTMNF-o) has pulled a long and tantalizingly high-grade gold intercept from the Amy zone at its Svetloye property, 220 km southwest of Okhotsk, in Russia’s Far Ea…
Editorial: Nickel Cuts Hit Home
The steep fall in nickel prices since July finally translated into production cuts by the majors in Canada’s nickel camps during the week ended Dec. 6, the 49th trading week of 2008.
Freeport-McMoRan to run lean in 2009
Vancouver – Freeport-McMoRan Copper & Gold (FCX-N) is making deep cuts to capital expenditures, nixing its divi…
HudBay Bids For Lundin
Vancouver — In a move that took investors and analysts by surprise, HudBay Minerals (HBM-T, HBMFF-o) and Lundin Mining (LUN-T, LMC-n) plans to merge into what they hope will be the next major global …
Freeport axes moly jobs and production
Vancouver — With the molybdenum price crashing, Freeport-Mc- MoRan Copper & Gold (FCX-n), the world’s largest moly producer, is slashing more than a hundred moly-related jobs, cutting production …
Lundin Sees One-Two Punch In Q3
Vancouver– Deteriorating metal prices have forced Lundin Mining (LUN-T, LMC-n) to put one mine on care and maintenance, consider closing another early, and shift production at a third to copper from …
Katanga pulls the brakes on cobalt production
Katanga Mining (KAT-T) blames falling cobalt prices for its decision to stop producing the metal at one of its proj…
Editorial: Moly meltdown shakes things up
The spectre of a global recession continued to grow and shape-shift during the week ended Nov. 8, the 45th trading week of 2008, laying its dead hand onto more industrial players, including automakers…
Freeport-McMoRan axes moly jobs and production
Vancouver – As the price of molybdenum tumbles Freeport-McMoRan Copper and Gold (FCX-N), the world’s largest …
More rumbles from the DRC
Tough times for companies across the mineral sector are being amplified for those in the Democratic Republic of the Congo (DRC).