LME WAREHOUSE LEVELS (July 12, 2010)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 6, 2010 (change from June 28 in brackets):
Volume 96 Number 21 - Jul 12 - 18, 2010
SPOT PRICES (July 12, 2010)
COURTE SY OF SCOTIABANK
U.S. MARKETS -June 28-July 2
It was a slaughter for U.S. equities in the June 28-July 2 trading week as anxiety mounted about the likelihood of a double-dip recession. Further signs that economic recovery may have peaked came on …
Agnico opens Meadowbank
MEADOWBANK, NUNAVUT — Once all the speakers presented at Agnico-Eagle Mine’s (AEM-T, AEM-N) Meadowbank gold mine opening ceremony, attendee Rick Olsen, a contractor based out of nearby Baker Lake, leaned over and said “People don’t realize…
TORONTO STOCK EXCHANGE -June 28-July 2
Investors fearing a so-called double-dip recession were given more reason to worry over the June 28-July 2 trading period as the TSX composite index plunged 4.4%, or 511.79 points, to 11,196.06.
PEOPLE (July 12, 2010)
Acadian Mining — Grant Ewing appointed president, CEO and a director.
Taseko falls 20% on Prosperity’s environmental review
VANCOUVER — The language in the federal review panel’s environmental assessment on Taseko Mines’ (TKO-T, TGB-N) Prosperity gold-copper project in British Columbia was harsh, and the market reaction e…
Early 2010 lead, zinc supply exceeds demand: ILZSG report
Amidst a struggling auto industry and global economy, lead and zinc seem to have high supply and low demand in the first four months of 2010, according to a recent International Lead and Zinc Study Gr…
Aussie gov’t retreats, waters down RSPT
The past few days have lived up the old adage that a week is a lifetime in politics.
More rare gems at Shore Gold’s Star
It’s not every day that parallels are drawn between the vast plains of central Saskatchewan and the Kingdom of Lesotho, a mountainous, landlocked country in southern Africa. But Shore Gold (SGF-T) say…
Paramount to get X-Cal, drops Klondex lawsuit
VANCOUVER — Paramount Gold and Silver (PZG-T, PZG-N) has agreed to acquire X-Cal Resources (XCL-T) just as the company settles a lawsuit surrounding the failed acquisition of Klondex Mines (KDX-T).
Rio Tinto to build Eagle nickel mine
Rio Tinto (RTP-N, RIO-L) will build the first new mine in Michigan in decades, which would be the only primary nickel mine in the United States.