More rumbles from the DRC
Tough times for companies across the mineral sector are being amplified for those in the Democratic Republic of the Congo (DRC).
News
Early winter hits Teck’s Red Dog (November 10, 2008)
Teck (TCK. B-T, TCK-t) says that “adverse weather conditions” have forced it to send off its final container ship early and without a full load from its Red Dog zinc-lead mine in Alaska, easily the wo…
Editorial: Vale goes easy on Canadian mines
The week ended Nov. 1, the 44th trading week of 2008, was characterized by some relative calm in the global financial markets after seven weeks of incredible turmoil.
Sherwood drilling links high-grade areas at Kutcho
Vancouver — Drill results from Kutcho’s Main zone continue to return high-grade copper intercepts for Sherwood Copper (SWC-V, SWOPF-o).
LME WAREHOUSE LEVELS (November 10, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 4, 2008 (change from Oct. 28 in brackets):
U3O8 to focus on Aricheng South
Drill results from U3O8 Corp.’ s (UWE-V, UTREF-o) Aricheng South uranium zone, in Guyana, have confirmed the continuity of mineralized shoots in the host structure.
Nature of Diamonds lights up the ROM
In the depths of the Michael Lee- Chin Crystal’s lower levels, at the Royal Ontario Museum, a hushed group of media and diamond enthusiasts alike gathered for the opening of “The Nature of Diamonds” i…
Geologix grows San Agustin resource
Vancouver – A new resource estimate for the San Agustin polymetallic property in Durango, Mexico, has doubled the p…
Potash One looking towards solution mining in Saskatchewan
Vancouver – On the heels of an over-subscribed $10.4-million financing, Potash One (KCL-T) is initiating prefeasibi…
Silverstone moves into gold, may double 2009 sales
Vancouver – Silverstone Resources (SST-V) secured the life-of-mine silver and gold production from Sherwood C…
Thompson Creek cuts ’09 spending
A sudden drop in molybdenum demand over the last few weeks has prompted Thompson Creek Metals (TCM-T, TC-N, A6R-F) …
Iamgold reports record revenues for Q3
With lots of cash in its coffers after a strong third quarter, Iamgold (IMG-T, IAG-N) president and CEO Joseph Conw…