LME Warehouse Levels (January 22, 2007)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 15, 2006 (change from Jan. 8 in brackets):
News
TSX Venture Exchange January 9 – 15
After ringing in the new year with a major dip, the S&P-TSX Venture Composite Index took back some ground on the back of gold’s recovery, gaining a couple of per cent to close the Jan. 9-15 sessio…
U.S. Markets January 9 – 12
Resource equities on the United States markets bounced back a bit in the holiday-shortened reporting period Jan. 9-12 after a devastating first week of 2007. While the broader market moved cautiously …
Daily Metal Prices (January 22, 2007)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
CVRD, Baosteel set iron prices
Companhia Vale do Rio Doce (RIO-N), the world’s largest iron ore producer, has wrapped up the 2007 iron ore price negotiations with China’s Baosteel Group, the country’s largest steelmaker.
African Metals options copper belt claims
Vancouver — African Metals (AFR-V, AFMCF-O) has inked an option deal on a large land position in the Katanga copper belt of southeastern Democratic Republic of the Congo (DRC).
Inco slows production in Indonesia
Dry weather has forced Companhia Vale do Rio Doce (RIO-N) subsidiary CVRD Inco to cut weekly nickel output by about 130 tonnes at its Indonesia unit because the reservoir levels at its hydroelectric p…
Iberian to reopen Aguas Tenidas
Seville, Spain — Iberian Minerals (IBZ-V, IZNFF-O) president and CEO Peter Miller was “in the jungles of Venezuela,” where the junior had acquired a number of gold properties, when he was first appro…
Shear recovers its largest diamond to date from Churchill
While results remain pending for a 19.5-tonne mini-bulk sample collected from a network of four new kimberlite dyke discoveries on the Churchill joint-venture project in eastern Nunavut, further micro…
Bema Investor opposes Kinross takeover plan
Vancouver – Bema Gold’s (BG-T, BAU-A) second-largest investor, Tradewinds Global Investors, said it will oppose the…
High flying metals face turbulence: BMO Financial
Vancouver – High flying metal prices are in for some turbulence this year, in spite of healthy global demand and re…
Mansfield drilling expands Lindero
Vancouver – Drilling by Mansfield Minerals (MDR-V, MFMNF-O) on its Lindero project in Salta Province, northwestern …