LME WAREHOUSE LEVELS (October 20, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 13, 2008 (change from Oct. 7 in brackets):
News
SPOT PRICES (October 20, 2008)
COURTESY OF SCOTIABANK
PRODUCER AND DEALER PRICES (October 20, 2008)
Antimony: Mid-mkt US$6,416.66/t.
International Royalty grows its business (October 20, 2008)
International Royalty (IRC-T, ROY-x) has snapped up more gold royalties — the latest on the Pinson gold project and trend in Nevada, a joint venture between Barrick Gold (ABX-T, ABX-n) and Atna Resou…
ATW hits VG in new Burnakura gold zone
Vancouver — Visible gold has been found in high-grade inter- sections at ATW Venture’s (ATW-V, ATWVF-o) Burnakura project in Western Australia.
Petra Diamonds sells Calibrated Diamonds to Gem
Africa-focused Petra Diamonds (PDMDF-O, PDL-l) has sold Calibrated Diamonds Investment Holdings to Gem Diamonds (GEMD-l) for US$5.9 million.
German consultant DMT buys Associated Geosciences
Essen, Germany-based company DMT GmbH & Co has acquired Canadian consultant Associated Geosciences Ltd. (AGL).
Can China help bail out the global economy? (October 20, 2008)
If you think China’s super-hot economy and the astounding growth rates it has posted over the last decade will help buffet the rest of the world from the economic meltdown, you might want to think aga…
Dissident shareholder looks to topple Noront board (October 20, 2008)
Charging that current management has “squandered” Noront Resources’ (NOT-V, NOSOF-o) first-mover advantage in the “Ring of Fire” area it discovered last year, shareholder Rosseau Asset Management is l…
‘Brutal’ time to be a junior
Junior companies are cutting back on everything from salaries to exploration programs to make sure they’re still standing when the smoke clears from the current financial crisis.
Pampa de Pongo packs punch for Cardero (October 20, 2008)
Vancouver–Southern Peru’s arid coastal region, directly across the pond from resource hungry countries in Asia, is flexing its iron-rich muscles for Cardero Resource (CDU-T, CDY-x).
DAILY METAL PRICES (October 20, 2008)
Date Oct. 13 Oct. 10 Oct. 9 Oct. 8 Oct. 7 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 1800/1810 1795/1845 1820.50/1880 1870/1920 1870/1…