Mongolian Government Suspends Centerra Mining Licence
VANCOUVER– As Centerra Gold’s (CG-T, CAGDF-O) headache in Kyrgyzstan dissipates, a fresh one is building in Mongolia.
News
PEOPLE (June 29, 2009)
Alcoa — Elizabeth Besen resigned as director of investor relations; Matthew Garth appointed director of investor relations.
Mercury Issue Closes Yukon-Nevada Roaster Again
Yukon-Nevada Gold (YNG-T, YNGFF-O) has shut down a portion of its Jerritt Canyon mine operation in Nevada yet again.
Great Basin Advances Hollister And Burnstone
VANCOUVER– Trial mining and underground drilling at Great Basin Gold’s (GBG-T, GBG-X) Hollister project in Nevada have increased the gold resource there while the company works to finalize a US$129-m…
LME Warehouse Levels (June 29, 2009)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 23, 2009 (change from June 16 in brackets):
Emba Derho Scoping Study Lifts Sunridge
VANCOUVER — As Sunridge Gold (SGC-V, SGCNF-O) announces a positive scoping study for its Emba Derho copper-zinc project near Asmara, the capital of Eritrea, the company’s executive vice-president Don…
Spot Prices (June 29, 2009)
COURTESY OF SCOTIABANK
Producer And Dealer Prices (June 29, 2009)
Antimony: Mid-mkt US$4,350.00/t.
Silver Standard Ramping Up Pirquitas
VANCOUVER — Stalwart junior explorer Silver Standard Resources (SSO-T, SSRI-Q), a force in mineral exploration for over two decades, is set to become a significant silver producer as it ramps up prod…
Inmet Ups Las Cruces Financing To $348M
Inmet Mining (IMN-T, IEMMF-O) plans to increase a US$300-million bought-deal financing to $348 million so it can pay off all debts related to building its Las Cruces open-pit copper mine in Spain.
Daily Metal Prices (June 29, 2009)
Date June 22 June 19 June 18 June 17 June 16 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 1365/1395 1385/1410 1350/1375 1315/1340 1335/1…
Xstrata Triggers Consolidation Talk With Anglo American Offer
Consolidation is the key word again in the base metals sector after Xstrata (XSRAF-O, XTA-L) tabled an informal offer for London-based Anglo American (AAL-L, AAUK-Q) on June 21.