People (February 19, 2007)
Phelps Dodge — David Elliott appointed VP of cobalt marketing for the Phelps Dodge Sales unit.
News
Goldcorp gets permit for Mexican mine (February 19, 2007)
Vancouver — Goldcorp (G-T, GG-N) has received construction permits ahead of schedule for what is expected to be Mexico’s largest gold mine, once it is running at full speed in 2012.
Corriente delays startup of Ecuador mine
Vancouver — Already facing a suspension order from the Ecuadorian government, Corriente Resources (CTQ-T, ETQ-X) is delaying the startup of its Mirador copper mine in order to minimize the company’s …
Spot Prices Courtesy of Scotiabank Tuesday, Feb. 13, 2007
Precious Metals Price (US$/oz.) Change Gold $664.75 +10.85 Silver $13.79 +0.13 Platinum $1193.00 +13.00 Palladium $337.00 -4.00 Base Metals Price (US$/lb.) Change Nickel $17.55 -0.54 Lead $0.79 +0.06 Copper $2.53…
Pacifica to spin off non-Selwyn projects
Vancouver — Aspiring zinc developer Pacifica Resources (PAX-V, PCFRF-O) plans to reorganize itself into a pair of new companies to better realize market value for its mineral projects outside of its …
Adanac Moly gets First Nations boost
Vancouver — Adanac Molybdenum (AUA-V, AUAYF-O) is getting a boost from the British Columbia government and the Tlingit River First (TRT) Nation as it moves to develop its Ruby Creek project in northw…
Daily Metal Prices (February 19, 2007)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
African mining conference draws masses
Cape Town, South Africa — On strong commodity prices and a sustained bull market, the opening day of the 12th annual Mining Indaba conference attracted more than 4,000 delegates to hear about the ong…
Egypt wants role on global mining stage
While the recent trend in some developing countries has been to decry foreign direct investment and increase state control over mineral assets, Egypt seems to be moving in the opposite direction.
Centerra weathers stormy 2006
As its fourth-quarter results laid bare, 2006 was not a banner year for Centerra Gold (CG-T, CAGDF-O).
Toronto Stock Exchange February 6-12
The TSX Composite Index couldn’t maintain the all-time high it set last period, falling 126.1 points to 13,166.69 over the Feb. 6-12 trading period.
TSX Venture Exchange February 6-12
As market attention continues to focus on merger activity in the global uranium sector, the S&P-TSX Venture Composite Index rose 29.59 points to 3,004.39 over the Feb. 6-12 trading session. Averag…