Macarthur’s $100M Payday Disappears
VANCOUVER –It seemed too good to be true and it was: Macarthur Minerals( MMS-V, MMSDF-O) fell 45% on news that a $100-million deal for its Lake Giles iron ore deposit in Western Australia fell throug…
News
Vedanta Buying Asarco For Us$1.7B
VANCOUVER — Beleaguered U. S. copper giant Asarco has agreed to Vedanta Resources’ (VDNRF-O, VED-L) revised US$1.7-billion offer for its assets following the breakdown of a previously announced US$2….
Mag Silver Still Battling Fresnillo
VANCOUVER — Mag Silver (MAG-T, MVG-X) CEO Dan MacInnis still contends that a significantly slimmed- down resource estimate for the Valdecanas silver vein system on the company’s 44%-owned Juanicipio …
Redcorp Files For Creditor Protection
VANCOUVER — Redcorp Ventures( RDV-T, RDFVF-O) has filed for creditor protection, a few weeks after suspending development work at its Tulsequah Chief polymetallic mine in northern British Columbia in…
Yemen Looks For Share Of Mining Spotlight
Exploration companies looking for the next big find have seldom thought to look in the Middle Eastern country of Yemen.
Vale Inco, Alcoa And U.S. Steel Cutting Back
Responding to the ongoing slowdown in the nickel market, Vale Inco, the nickel division of Vale (RIO-N), has announced 900 job cuts worldwide. Most of the affected jobs are in the corporate, managemen…
Border Coal Beds Start To Develop For Goldsource
VANCOUVER — A steady stream of coal intercepts is helping Goldsource Mines’ (GXS-V, GXSFF-O) share price regain some ground, though it remains far below the dizzying heights it reached last summer.
The ‘Dismal’ Gather At The PDAC
The ninth trading week of the year was highlighted by another blowout Prospectors and Developers Association of Canada convention in Toronto.
Commentary: The Human Disaster In Nunavut
As Canada’s Nunavut territory approaches its tenth anniversary on April 1, we should look at the mismatch between resource investment and the Inuit human capital, and consider these points:
West Africans Ask Miners For More Training, Transparency
Mines ministers from West Africa say foreign mining companies need to become more transparent, help more with infrastructure development and provide more training to local people.
LME Warehouse Levels (March 16, 2009)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Mar. 10, 2009 (change from Mar. 3 in brackets):
Spot Prices (March 16, 2009)
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