FACTS ‘N’ FIGURES (February 18, 2008)
With prices of metals and minerals on the rise, it’s no surprise that the value of mineral production in the United States increased 2.9% in 2007 from the previous year.
News
Fury completes Taylor purchase
VANCOUVER–Fury Explorations (FUR-V, FURXF-O) is inching closer towards production with the recent closure of its deal to purchase the historic Taylor silver mine and mill complex, near Ely, Nev.
A.M. Castle & Co. acquires Metals UK Group
Specialty metal and plastic distributor A.M. Castle & Co. (CAS-N) has acquired the outstanding shares of Metals UK Group, which also distributes metals.
SUPPLIERS NEWS (February 18, 2008)
Australia-based mineral analysis company Intellection has merged with Welsh geoscience firm X-Ray Mineral Services (XMS).
Diamond Trading Co. opens distribution channels
Diamond Trading Co. (DTC), the distribution arm of De Beers’ has announced changes to its distribution plan.
De Beers gets frostbite in Canada’s Arctic
The week ended Feb. 9, the sixth trading week of 2007, was punctuated by another setback for Canada’s emerging diamond mining industry, with De Beers taking a severe haircut at its new Snap Lake mine,…
Study extends life of Canadian Royalties project
The mine life for Canadian Royalties’ (CZZ-T, CRYAF-O) Nunavik Nickel project could be doubled to 18 years by mining the Mequillon deposit, a preliminary economic assessment says.
OMA to hold seminar on new WSIB rules
The Ontario Mining Association (OMA) is holding a seminar to introduce employees and employers alike to changes in Workplace Safety and Insurance Board (WSIB) policies.
NEW HORIZONS (February 18, 2008)
The U.S. Geological Survey has announced the 2008 recipients of the Mineral Resources External Research Program grant.
Tamerlane soars on Pine Point high-grade
VANCOUVER–Shares of Tamer-lane Ventures (TAM-V, TMLVF-O) posted a 93% gain on strong volume in recent trading, closing up 42 to 87 apiece on a high-grade lead-zinc intercept from its Pine Point pro…
LME WAREHOUSE LEVELS (February 18, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb 5, 2008 (change from Jan. 19 in brackets):
Caledonia Mining signs offtake deal with Chinese refiner
Caledonia Mining (CAL-T, CMCL-L) has teamed up with an undisclosed Chinese refiner, signing an offtake agreement for cobalt from its Nama project, in northern Zambia.