UBS ups targets for Ivanhoe shares
Vancouver — Ivanhoe Mines’ (IVN-T, IVN-N) massive Oyu Tolgoi copper project in Mongolia is likely to be much larger than previously planned now that Rio Tinto (RTP-N, RIO-L) is involved, according to…
News
More copper at Sombrero Butte
Vancouver — Continuation of Bell Resources’ (BL-V, BZRSF-O) phase 1 drilling has hit some higher-grade copper zones at its Sombrero Butte project in Pinal Cty., Ariz.
UEX sees more high-grade uranium from Shea Creek (January 01, 2007)
Vancouver — Further high-grade uranium values were encountered in drilling by UEX’s (UEX-T, UEXCF-O) joint venture partner Areva Resources Canada on the Shea Creek project in the western Athabasca ba…
Xstrata Nickel invests $5M in CEMI
Xstrata Nickel has invested $5 million in the Centre for Excellence in Mining Innovation (CEMI) at Laurentian University in Sudbury, Ont.
Supplier News (January 01, 2007)
Lamp lets underground miners send text messages
People (January 01, 2007)
Alma Res. — Jag Bal appointed president and director; Lawrence Talbot resigned as president but remains a director; Art Soregaroli appointed to advisory board.
Woodlawn prefeasibility under way
Metallurgical testing and engineering and design work for the Woodlawn base metal project in New South Wales, Australia, is under way.
Daily Metal Prices (January 01, 2007)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Spot Prices Courtesy of Scotiabank Tuesday, Dec. 21, 2006
Precious Metals Price (US$/oz.) Change Gold $619.10 +3.10 Silver $12.42 -0.04 Platinum $1107.00 +16.00 Palladium $321.00 +6.00 Base Metals Price (US$/lb.) Change Nickel $14.83 +0.18 Lead $0.74 -0.04 Copper $2.91…
Producer and Dealer Prices (January 01, 2007)
Antimony : Mid-mkt US$5,375/t.
Exchange Rates (January 01, 2007)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
TSX Short Positions (January 01, 2007)
Short positions outstanding at Dec. 15, 2006 (with changes from Nov. 30).