CVRD, Baosteel set iron prices
Companhia Vale do Rio Doce (RIO-N), the world’s largest iron ore producer, has wrapped up the 2007 iron ore price negotiations with China’s Baosteel Group, the country’s largest steelmaker.
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Daily Metal Prices (January 22, 2007)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
U.S. Markets January 9 – 12
Resource equities on the United States markets bounced back a bit in the holiday-shortened reporting period Jan. 9-12 after a devastating first week of 2007. While the broader market moved cautiously …
TSX Venture Exchange January 9 – 15
After ringing in the new year with a major dip, the S&P-TSX Venture Composite Index took back some ground on the back of gold’s recovery, gaining a couple of per cent to close the Jan. 9-15 sessio…
LME Warehouse Levels (January 22, 2007)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 15, 2006 (change from Jan. 8 in brackets):
Diamonds North and Majescor identify targets on Banks Island
Highly compelling kimberlite indicator mineral chemistry and a newly completed airborne geophysical survey over a portion of the Banks Island diamond project in Canada’s high Arctic has provided Diamo…
Aberdeen finds royalty niche in high-risk countries (January 22, 2007)
While Aberdeen International (AAB-V, AABVF-O) has scored only one gold royalty project since changing directions more than a year ago, the company’s president still believes there’s a niche to be fill…
Norilsk CEO freed from jail
Norilsk Nickel (NILSY-O, MNOD-L) CEO Mikhail Prokhorov was released by French police in early January after being held in jail for three days for his role in a suspected prostitution ring.
TSX goes global with gold index (January 22, 2007)
To suit its beefed-up list that now includes non-Canadian gold companies, the S&P-TSX Capped Gold Index was renamed the Global Gold Index on Dec. 18.
Rio Tinto rethinks Sweetwater sale
Vancouver — A hot uranium market has prompted Rio Tinto (RTP-N, RIO-L) to pull the proposed sale of its Sweetwater assets in Wyoming to sxr Uranium One (SXR-T, SXRFF-O) and contemplate developing the…
Editorial: Is that it for copper? (January 22, 2007)
Copper mining executives and investors who thought they might settle gently back into work after the holidays got a nasty jolt in the first half of January, as spot copper prices dropped US45, or 15….
People (January 22, 2007)
Alcan — Michel Jacques appointed president and CEO of subsidiary Alcan Primary Metal Group; Christel Bories appointed president and CEO of subsidiary Alcan Engineered Products; Ilene Gordon appointed…