Rio Tinto earns US$7.4B in 2006
Surging demand from China for iron ore and copper resulted in a record-setting year for Rio Tinto (RTP-N, RIO-L) in 2006, but the company expects to see some moderation in 2007.
News
Mining sector faces human resource crisis: Conference Board (February 19, 2007)
Vancouver — Despite high commodity prices and robust exploration activity, Canada’s reserves of base and precious metals are declining rapidly and much more activity will be required to sustain the s…
Globex and co. seek Tennessee zinc
A Toronto-based private group has agreed to buy the Smith Cty., Tennessee zinc mines formerly operated by Pasminco, and plans to go public in a $20-million financing.
Aurizon finds new gold zone at Casa Berardi (February 19, 2007)
As its Casa Berardi gold mine in the Abitibi region of northwestern Quebec ramps up to full production, Aurizon Mines (ARZ-T, AZK-X) has discovered a new gold-bearing quartz zone on the property.
Committee Bay delivers Aussie high-grade
Vancouver — Redemption joint-venture partners Committee Bay Resources (CBR-V, CBYRF-O) and Focus Minerals (FML-A) like what they see so far in drilling at the Perseverance gold deposit in the Coolgar…
Editor’s picks: top stories of the week (February 19, 2007)
No commodity has more questions marks around it right now than uranium, with its very tight supply and continued projections of steep demand increases as the world returns in a big way to nuclear powe…
People (February 19, 2007)
Phelps Dodge — David Elliott appointed VP of cobalt marketing for the Phelps Dodge Sales unit.
Goldcorp gets permit for Mexican mine (February 19, 2007)
Vancouver — Goldcorp (G-T, GG-N) has received construction permits ahead of schedule for what is expected to be Mexico’s largest gold mine, once it is running at full speed in 2012.
Corriente delays startup of Ecuador mine
Vancouver — Already facing a suspension order from the Ecuadorian government, Corriente Resources (CTQ-T, ETQ-X) is delaying the startup of its Mirador copper mine in order to minimize the company’s …
Spot Prices Courtesy of Scotiabank Tuesday, Feb. 13, 2007
Precious Metals Price (US$/oz.) Change Gold $664.75 +10.85 Silver $13.79 +0.13 Platinum $1193.00 +13.00 Palladium $337.00 -4.00 Base Metals Price (US$/lb.) Change Nickel $17.55 -0.54 Lead $0.79 +0.06 Copper $2.53…
Pacifica to spin off non-Selwyn projects
Vancouver — Aspiring zinc developer Pacifica Resources (PAX-V, PCFRF-O) plans to reorganize itself into a pair of new companies to better realize market value for its mineral projects outside of its …
Adanac Moly gets First Nations boost
Vancouver — Adanac Molybdenum (AUA-V, AUAYF-O) is getting a boost from the British Columbia government and the Tlingit River First (TRT) Nation as it moves to develop its Ruby Creek project in northw…