Lonmin buys into Wallbridge (June 18, 2007)
Lonmin (LNMIF-O, LMI-L) has agreed to take a private placement that could give it an 18% shareholding in Wallbridge Mining (WM-T, WLBMF-O), and cements an existing alliance in the Sudbury camp.
News
African Copper cuts mineralization on Matsitama project (June 18, 2007)
Delineation drilling by African Copper (ACU-T, ACU-L) has cut several long intersections of copper mineralization on the Thakadu copper prospect, part of the company’s Matsitama property in northeaste…
Angus & Ross funds Black Angel (June 18, 2007)
Angus & Ross (AGU-L) has lined up a US$30-million loan combined with an issue of equity to allow faster development of the Black Angel zinc-lead mine in western Greenland.
European Goldfields increases stake in Greek projects (June 18, 2007)
European Goldfields (EGU-T, EGU-L) is looking to boost its interest in its Greek projects to 95% at a cost of US$178 million.
Audit problems for VVC
If you Google VVC Exploration, (VVC-V, VVCVF-O) the slogan “Your ticket to China” still comes up, but the company hasn’t been spending time in China the way it used to.
Toronto Stock Exchange trading June 5-11
The TSX Composite Index lost ground for the June 5-11 period, shedding 313.92 points as global equity markets cooled on indications that interest rates may be on the rise to combat inflation.
TSX Venture Exchange trading June 5-11
Sagging base and precious metals prices took a toll on the S&P-TSX Venture Composite Index, which closed the June 5-11 trading session down 85.32 points at 3,193.69. Average daily trading volumes …
U.S. Markets trading June 5-11
Rising long-term bond yields spooked stock markets in the United States during the reporting period June 5-11, relieved only by a mild 2-day rally at the end. The Standard & Poor’s 500 Index was 2…
LME Warehouse Levels (June 18, 2007)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 11, 2007 (change from June 4 in brackets):
Kodiak down 23% on Caribou Lake results
Vancouver — Despite hitting additional intervals of nickel and copper sulphides, recent drill results from Kodiak Exploration’s (KXL-V, KXLAF-O) Caribou Lake layered ultramafic intrusive project near…
Daily Metal Prices (June 18, 2007)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Spot Prices Courtesy of Scotiabank Tuesday, June 12, 2007
Precious Metals Price (US$/oz.) Change Gold $652.80 -18.50 Silver $13.15 -0.56 Platinum $1292.00 -4.00 Palladium $366.00 -3.00 Base Metals Price (US$/lb.) Change Nickel $22.38 -3.97 Lead $1.05 +0.02 Copper $3.27…