Rio Tinto Alcan developing greener smelting technology
Aluminum giant Rio Tinto Alcan, a subsidiary of Rio Tinto, has announced that it has begun development of new smelting technology that could reduce energy consumption by 20%.
News
LENDING RATES (April 28, 2008)
as of 9 a. m. ET, April 22, 2008 (%) Bank of Canada 3.75 Target overnight rate 3.00 Canadian Prime 5.25 U. S. Discount Primary 2.50 U. S. Fed Funds market rate 2.25 U. S. Prime …
INTERNATIONAL QUOTES (April 28, 2008)
Australia (A$) April 22 April 8 Change Bendigo Mining 0.29 0.29 0.00 Centamin Egypt 1.51 1.49 0.02 Croesus Mining 0.28 0.28 0.00 Kingsgate Cons. 4.31 4.15 0.16 Lion S…
Golden Arrow hits the mark
Drill results that revealed continuous gold and silver mineralization over a lengthy intercept at the Poncha gold-copper project, in Argentina, drove Golden Arrow Resources’ (GRG-T, GARWF-O) shares up…
Thompson Creek weighs risk and reward at Davidson (April 28, 2008)
VANCOUVER — Risk-averse major mining companies didn’t rush to revive molybdenum properties as prices began to climb in 2004, after averaging US$4.50 per lb. for a decade. They’d seen moly prices soar…
MacLean Engineering brings new scissor truck to Canada
MacLean Engineering and Marketing, the Collingwood, Ont.-based supplier of underground mining equipment has announced the introduction of its new Mine Mate series scissor truck to the Canadian market.
Osisko predicts 14-year life at Canadian Malartic gold project
A scoping study of the Canadian Malartic gold project near Val d’Or, Que., suggests the deposit will produce 572,000 oz. gold per year at a cash cost of US$314 per oz. for the first three years of pro…
Premier shifts focus to Geraldton gold project
Premier Gold Mines (PG-T, PIRGF-O) plans to drill 50,000 to 100,000 metres on its exploration projects in Northwestern Ontario and Mexico this year with a new focus on its project in Geraldton, Ont.
FACTS AND FIGURES World mining equipment demand to grow 5% annually
World demand for mining equipment is expected to grow 5% annually through 2011, according to a new report issued by Ohiobased research group, Freedonia.
AMEC acquires Smith Williams
In an effort to strengthen its presence in the western United States, international engineering and project management company AMEC has purchased Smith Williams Consultants.
Crosshair budgets $10M for Labrador
Crosshair Exploration & Mining (CXX-V, CXZ-X) has closed a $15- million bought-deal financing to continue exploring on its Central Mineral Belt uranium property in Labrador.
LME WAREHOUSE LEVELS (April 28, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 22, 2008 (change from April 15 in brackets):