LME WAREHOUSE LEVELS (February 04, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 29, 2008 (change from Jan. 22 in brackets):
News
SPOT PRICES COURTESY OF SCOTIABANK (February 04, 2008)
Tuesday, January 29, 2008 Precious Metals Price ( US$/ oz.) Change Gold $ 927.50 + 65.50 Silver $ 16.75 + 1.18 Platinum $ 1716.00 + 194.00 Palladium $ 384.00 + 21.00 Base Metals Price …
PRODUCER AND DEALER PRICES (February 04, 2008)
Antimony: Mid-mkt US$5,550/t.
LENDING RATES (February 04, 2008)
as of 9 a. m. ET, Jan. 29, 2008 (%) Bank of Canada 4.50 Target overnight rate 4.00 Canadian Prime 5.75 U. S. Discount Primary 4.00 U. S. Fed Funds market rate 3.50 U. S. Prime …
EXCHANGE RATES (February 04, 2008)
CANADIAN/ U. S. EXCHANGE ( Bank of Canada noon rate) Date Jan. 28 Jan. 25 Jan. 24 Jan. 23 Jan. 22 US$ in C$ 1.0044 1.0044 1.0072 1.0286 1.0253 C$ in US$ 0.9956 0.9956 0.9928 0.9722 …
Delta drills high-grade gold in Mali (February 04, 2008)
Vancouver — Drilling by Delta Exploration (DEV-V, DEVDF-O) has turned up some new discoveries on its Manalo gold project, in southwestern Mali.
Mano River aims to boost New Liberty gold tally
Vancouver– Mano River Resources (MNO-V, MANA-L) has begun a new round of drilling on its New Liberty gold project, in northwestern Liberia, aimed at increasing the resource.
South African power crisis shuts down mines (February 04, 2008)
Vancouver — A nationwide energy crunch in South Africa has hit the country’s powerful mining sector hard, with major gold, platinum and diamond producers suspending operations as a precautionary meas…
Coro forges ahead in Argentina, Chile
SITE VISIT Uspallata, Argentina — Coro Mining (COP-T) is a company on a mission. The junior explorer debuted on the market in mid-2007 and plans to be a mid-tier base…
Chile courts juniors to boost exploration
Santiago, Chile — Already home to most of the world’s largest mining houses, Chile is now seeking to raise its profile among the minnows of the industry to turn around a relative decline in explorati…
Ecuador revokes hundreds of mining licences (February 04, 2008)
Hundreds of mining concessions have been annulled in Ecuador by the country’s leftist government, which is preparing to pass a new mining law later this year.
Ecuador’s windfall profits tax deepens uncertainty (February 04, 2008)
News in December that Ecuador was following in the footsteps of Mongolia and Thailand with a windfall profits tax on miners has left the industry reeling with uncertainty.