High-grade nickel hole launches Starfire (January 02, 2007)
Vancouver – A hot drill intercept from its Langmuir nickel project near Timmins has given Starfire Minerals (SFR-V,…
2007
Asia Now starts drilling at Habo project in China
With the close of southern China’s rainy season, Asia Now Resources (NOW-V) has begun a 1,000-metre drill program a…
Inco slows nickel production in Indonesia
Dry weather has forced Inco (N-T, N-N) to cut weekly nickel output by about 130 tonnes at its Indonesia unit becaus…
Dividends (January 01, 2007)
Company Div.($) Pay Date Record Date Endeavour Mn Cp 0.05 Dec 29 Dec 22 Goldcorp 0.015* Dec 29 Dec 22 Alcoa 3.75cumpr 0.9375* Jan 1 Dec 15 Hecla Mng pr…
Lending Rates (January 01, 2007)
as of 4 pm ET, Dec. 20, 2006 (%) Bank of Canada 4.50 Target overnight rate 4.25 Canadian Prime 6.00 U.S. Discount Primary 6.25 U.S. Fed Funds market rate 5.29…
Dragon hunts Tiberon
With its strong Vietnam focus, investment bank Dragon Capital Management has offered to buy Tiberon Minerals (TBR-T, TBMLF-O) for $251 million so it can help develop the Nui Phao fluorspar- tungsten m…
Resource up at Young-Davidson (January 01, 2007)
Resources at the Young-Davidson gold project near Matachewan, Ont., have grown substantially in a new estimate commissioned by Northgate Minerals (NGX-T, NXG-X).
Glencairn works to get Nicaraguan gold projects on track
SITE VISIT Managua, Nicaragua — Toronto-based Glencairn Gold (GGG-T, GLE-X) has been growing recently, supplementing its original gold producer — the Limon mine in Nicaragua — with the La Libertad…
Teck Cominco sinks US$25M into Nautilus
Vancouver — Nautilus Minerals (NUS-V, NUSMF-O) has secured another major mining company financing, with Teck Cominco (TCK.B-T, TCK-N) putting US$25 million into the seafloor mineral explorer as part …
U.S. Markets december 19-20
The decline of the U.S. dollar prompted the government of Thailand to make foreign investment reforms that caused sudden market turmoil on Dec. 19 — reminiscent for some investors of the 1997 Asian e…
Daily Metal Prices (January 01, 2007)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
LME Warehouse Levels (January 01, 2007)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 21, 2006 (change from Dec. 18 in brackets):