The board of Huckleberry Mines, in which Imperial Metals (III-T) holds a 50% stake and a consortium of Asian companies (Materials Corp., Marubeni Corp., Dowa Mining Co. and Furukawa Co.) owns the remainder, has approved a plan to extend the…
The TSX Composite Index ended the Dec.21-30 trading period up as signs that the U.S. economy was improving offset worries of Europe unraveling. The index gained 238.21 points to end the last trading day of the year at 11, 955.09. But the…
Shares of Inmet Mining (IMN-T) surged $3.12 apiece or 4.76% to close at $68.62 yesterday after the company announced that Panama has approved the environmental and social impact assessment for its Cobre Panama copper project, including the…
The S&P TSX Venture Composite Index managed a modest year-end rally of 77.27 points over the holiday-spanning December 21-30 trading period, bringing the index to a year-end close of 1,484.66 points. In comparison, at the end of 2010 the…
While the European debt crisis continued to weigh heavily on international investors, better than expected economic data in the U.S. drove a pre-holiday rally in U.S. equities. The number of Americans filing new claims for unemployment benefits…
Cline Mining (CMK-T) is swinging its New Elk metallurgical coal mine in southern Colorado into full commercial production at a rate of 3 million tons a year as part of its initial 20-year mine plan.
With $15 million in the till, newly listed Independence Gold (IGO-V) is looking to recreate past success in British Columbia and the Yukon searching for gold and silver. The company was spun out of Randy Turner’s former Silver Quest Resources…
Before markets opened on Jan. 3 Molycorp (MCP-N) announced that it has found a home for more than three quarters of its Phase I production ahead of the start up of its rare earth production facility at its Mountain Pass mine in California.
Thursday, Dec 20, 2011
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 19, 2011 (change from Dec. 12 in brackets):
Antimony: Mid-mkt US$13,500.00/t
Teck Resources (TCK-T, TCK-N) has given Peruvian-focused junior Strait Gold (SRD-V) a boost by optioning into its Alicia copper project.
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