ICSG data shows copper market surplus in 2009
The following is a condensed and edited version of the International Copper Study Group’s preliminary data for 2009 from its March 2010 copper bulletin. The data is available online for purchase at ww…
Volume 96 Number 7 - Apr 5 - Apr 11, 2010
Puzzling Rio Tinto convictions in China
The swift convictions of four Rio Tinto employees in Shanghai in late March brought more questions than answers.
Goldcorp Q4 earnings plummet despite record production
VANCOUVER– Goldcorp (G-T, GG-N) achieved record gold production for 2009 but it was not enough to counter a major slide in earnings caused by foreign exchange losses.
First Quantum sees major spike in annual, quarterly earnings (April 05, 2010)
VANCOUVER — After riding out a rough start to 2009, First Quantum (FM-T, FQM-L) has seen a strong recovery in quarterly and annual earnings thanks to a resurgent copper price.The company reported net earnings of US$227.2 million for the last…
Barrick prices IPO for ABG
Barrick Gold (ABX-T, ABX-N) is pricing the initial public offering of African Barrick Gold (ABG) at 5.75 (US$8.71) per share. African Barrick Gold will trade on the London Stock Exchange. Barrick exp…
Chinalco to spend US$1.35B to earn into Rio’s Simandou
VANCOUVER– The Simandou iron ore project in Guinea is set for a major influx of spending after 95%-owner Rio Tinto (RTP-N, RIO-L) inked a US$1.35-billion earn-in deal with Chinalco to start developin…
Quebec Lithium project gets bigger, better for Canada Lithium
A new prefeasibility study on Canada Lithium’s (CLQ-V, CLQMF-O) Quebec Lithium project envisages an open-pit mine that would produce 42.6 million lbs. of battery-grade lithium carbonate per year over …
Northgate Minerals approves Young-Davidson mine
SITE VISIT MATACHEWAN, ONT.– Tom Obradovich has accomplished a lot for a small-town boy from Kirkland Lake, Ont. He co-founded Canadian Royalties which discovered and…
Stornoway improves Renard economics
VANCOUVER — Following a December resource update that more than tripled the tonnage and diamond count at the Renard project in Quebec’s Otish mountains, a new preliminary economic assessment of the p…