Great Western to build REE plant with Chinese partner
Great Western Minerals (GWG-V) plans to set up a joint venture with a Chinese company to build a rare earth (RE) separation plant in South Africa.
Volume 97 Number 27 Aug 22 - 28, 2011
Puget Ventures set to become Global Cobalt
Within weeks, Puget Ventures (PVS-V) expects to complete a fundamental transformation from a modest Ontario-focused cobalt explorer into a global player, with a new name, new financing and a new focus on the Altai Republic in southern Russia.
Positive economics for Brazilian Gold’s Sao Jorge
Brazilian Gold (BGC-V) has taken a step forward with the release of a positive preliminary economic assessment (PEA) for its Sao Jorge gold project in the Tapajos region of northern Brazil.
Lydian outlines potential Armenian mine
Armenia-focused Lydian International (LYD-T) has outlined the potential to produce 1.6 million oz. gold from its Amulsar project in a preliminary economic assessment.
Richmont’s lacklustre Q2 results
Richmont Mines (RIC-T, RIC-X) had a difficult second quarter, posting a net loss of $30.9 million, or 92¢ per share, which included the previously released $28-million after-tax writedown on its Francoeur mine in Quebec.“The…
Woulfe advances Sangdong
With tungsten prices on the rise, Vancouver-based Woulfe Mining (WOF-V) is scrambling to restart the past-producing Sangdong tungsten-molybdenum mine in South Korea by late 2012.
Daily metal prices
DateAug 15Aug 12Aug 11Aug 10Aug 9
Producer and dealer prices
Antimony: Mid-mkt US$14,750.00/t
LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug 15, 2011 (change from Aug 1 in brackets):
Spot prices
Tuesday, Aug 16, 2011
Market news
Toronto Stock Exchange
People
American Vanadium – Ron Macdonald appointed a director.