2008



A weaker fourth-quarter has forced Sherrit International to withhold $270 million in contributions for the expansion of its 50%-owned Moa nickel-cobalt operation (right).

Sherritt Buckles Down After Strong Q3

Although Sherritt International (S-T, SHERF-o) had a strong third quarter, the company says it will cut back on spending in the new year as it braces for much weaker fourth-quarter results.



Canadian Gold Mutual Funds (December 08, 2008)

Featured Fund: Altamira precious & Strategic Metals, as of 07/31/08 (in weighted order): Goldcorp, Barrick Gold, Kinross Gold, Agnico-Eagle Mines, Yamana Gold, Franco-Nevada, Newmont Mining, Compa…


An oxide ore stockpile at Katanga Mining's Kamoto copper and cobalt project in the Democratic Republic of the Congo's Katanga province. Due to falling copper prices, the company has stopped mining producing cobalt at its nearby Tilwezembe open-pit mine and Kolwezi concentrator, but will meet market demand for cobalt concentrate from stockpiles.

Katanga Halts Cobalt Production In DRC

Katanga Mining (KAT-T, KATFF-o) has stopped producing cobalt at two connected projects in the Democratic Republic of the Congo (DRC) because of falling prices for the metal.


Tin Is In: VM Group

With metal prices dropping like ducks in hunting season, the price of tin has remained surprisingly resilient — tumbling just 17.5% from the start of the year compared with nickel (55.8%), zinc (51.5…



Exchange Rates (December 08, 2008)

CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Dec. 1 Nov. 28 Nov. 27 Nov. 26 Nov. 25 US$ in C$ 1.2377 1.2372 1.2329 1.2342 1.2209 C$ in US$ 0.8080 0.8083 0.8111 0.8102 0….


People (December 08, 2008)

Apoquindo Minerals — Francisco Calaf appointed operations manager for the Apoquindo copper oxide project in Chile.


Section of mineralization in core from Platinum Group Metals and Anglo Platinum's Western Bushveld joint venture, in South Africa. Production of platinum from South Africa is expected to be 250,000 oz. lower this year, according to a report released by Johnson Matthey.

Economy The Wild Card In Wobbly Platinum Market

The platinum market is shakier than it has been for many years, says a report by Johnson Matthey, which refines the platinum that’s consumed in a third of all catalytic converters used to control vehi…


HudBay-Lundin merger draws fire

Vancouver – What was supposed to be a friendly merger between HudBay Minerals (HBM-T) and Lundin Mining (LUN-T, LMC…


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