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…
News
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)
COURTESY OF SCOTIABANK
Hawk Quits Noront JV On Disappointing Results
Ho-hum exploration results in the “Ring of Fire” in the McFaulds Lake area of northern Ontario have forced Hawk Uranium (HUI-V, HWKPF-O) to bow out of its joint-venture option agreement with Noront Re…
Nagging Court Case Over For Farallon
Farallon Resources (FAN-T, FRLLF-O) is generating positive news despite being a base metal producer in a slumping metals market.
Producer And Dealer Prices (March 16, 2009)
Antimony: Mid-mkt US$4,350/t.
Daily Metal Prices (March 16, 2009)
Date Mar. 9 Mar. 6 Mar. 5 Mar. 4 Mar. 3 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 1170/1200 1160/1190 1141/1175 1150/1170 1135/1170 A…
North American Stock Exchange Indices (March 16, 2009)
52-week Date Mar. 9 Mar. 6 Mar. 5 Mar. 4 Mar. 3 High Low S&P/TSX-Ven Comp 814.19 829.12 829.69 830.95 824.07 2735.30 678.62 TSX Composite 7566.94 7591.47 7629.17 7814.75 7631.62…