Xstrata Copper to spend $121 M to extend Kidd
Mining giant Xstrata’s (XSRAF-O, XTA-L) subsidiary Xstrata Copper will invest $121 million to extend the life of its Kidd polymetallic mine near Timmins, Ont.
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Serengeti expands Kwanika (August 25, 2008)
VANCOUVER — With the assays in hand from another dozen drill holes from an ongoing 59-hole campaign this year at its Kwanika property, about 250 km east of Smithers, B. C., Serengeti Resources’ (SIR-…
Aussie billionaire to form China-focused resource giant
An Australian billionaire plans to launch his private company, Resource Development International (RDI), as a resources giant that would supply iron ore, nickel and energy to China.
Intrepid posts Indonesian resource (August 25, 2008)
VANCOUVER — A resource estimate for a portion of the Tujuh Bukit gold project in Indonesia only a few months after Intrepid Mines (IAU-T, IAU-A) acquired the project through a merger with Emperor Min…
Decentralization poses dilemmas for miners
Mining companies are increasingly accepting the business case for sustainable community investment, as it can help secure their social licence to operate, add value for shareholders and engage communi…
INTERNATIONAL QUOTES (August 25, 2008)
Australia (A$) Aug 12 Aug 5 Change Bendigo Mining 0.18 0.20 -0.02 Kingsgate Cons. 4.80 5.60 -0.80 Lion Selection Ltd 1.58 1.50 0.08 Newcrest Mining 23.49 26.31 -2.82 …
For Uranium One, the Honeymoon’s over (August 25, 2008)
VANCOUVER — Uranium One’s (UUU-T, SXRZF-O) decision to sell some of its earlier-stage uranium properties this spring has hit it with a US$105-million impairment charge in its second quarter for a US$…
TSX VENTURE EXCHANGE AUG. 12-18
The period of Aug. 12-18 was another bearish one for the S&P-TSX Venture Composite Index. By the end of the period the exchange had lost another 91.71 points, bringing the cumulative loss from Jul…
LME WAREHOUSE LEVELS (August 25, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug. 19, 2008 (change from Aug. 12 in brackets):
SPOT PRICES (August 25, 2008)
COURTESY OF SCOTIABANK
PRODUCER AND DEALER PRICES (August 25, 2008)
Antimony: Mid-mkt US$6,350.00/t.
Glass Earth Gold steps up drilling across New Zealand
PERTH, WESTERN AUSTRALIA — Wellington-based junior Glass Earth Gold (GEL-V, GELGF-O) is among New Zealand’s most active explorers and probably the only one with drilling campaigns on both the North a…