Editorial: Base metals prices nosedive
The global economic crisis worked its way deep into the base metals sector during the week ended Oct. 11, the 41st trading week of 2008, as prices for virtually all base metals contracted sharply.
Nickel
Azimut on Ungava uranium hunt (October 17, 2008)
One thing you can’t say about Jean-Marc Lulin, president and CEO of Azimut Exploration (AZM-V), is that he thinks s…
Belvedere suspends mine development work at Hitura
Plunging nickel prices have forced Belvedere Resources (BEL-V) to temporarily suspend mine development work at its …
Asian Mineral shelves Vietnamese nickel project
Market conditions, higher export tariffs and lack of capital are preventing Asian Mineral Resources (ASN-V, AIERF-o) from developing the first nickel mine in Vietnam.
Citigroup cuts commodity forecasts for 2009-10
Citi Investment Research has lowered some of its commodity price forecasts due to the U. S. financial crisis, slowing growth in China and disinflationary developments.
Dissident shareholder looks to topple Noront board (October 09, 2008)
Noront Resources’ (NOT-V) stock was up 23% in afternoon trading today on news that it’s facing a proxy battle at it…
Asian Mineral shelves nickel project months before commissioning
Market conditions, higher export tariffs and lack of capital are preventing Asian Mineral Resources (ASN-V) from de…
PEOPLE (September 29, 2008)
Amazon GoldSands — Carlos Stocker appointed CFO; Kenneth Phillippe has resigned as CFO. Argentex Mining — Patrick Downey appointed a director. Bullion Monarch Mining– Larry Anderson appointed a dir…
FNX on target to bring LFD to production (September 29, 2008)
Vancouver — FNX Mining (FNX-T, FNXMF-o) has defined an initial resource for what will likely be the next production target at its Levack mine complex, about 30 km northwest of Sudbury, Ont.
Searching for nickel near Timmins
Vancouver — Timmins and its environs may be known for their rich gold history but in Langmuir Twp., these days it’s all about nickel.
Liberty ramps up at McWatters nickel mine
After having a challenging time with ramp development, Liberty Mines (LBE-t) has reached the preproduction stage at its McWatters nickel mine, 29 km south of Timmins, Ont.
Ursa in preproduction mode at Shakespeare
As nickel prices plunge below the US$8-per-lb. range and world stockpiles grow, Ursa Major Minerals (UMJ-T, UMJMF-o) is taking the safe route for the time being at its Shakespeare open-pit nickel proj…