Regulatory Decision Stalls Alcan Smelter Upgrade
Vancouver — A planned $1.8-billion upgrade of Alcan’s (AL-T, AL-N) Kitimat smelter appears to be on hold following a regulatory decision to reject a power sales agreement between the aluminum giant a…
News
Laramide Buys New Mexico Uranium Royalty Portfolio
Vancouver — Laramide Resources (LAM-T, LMRXF-O) has acquired a royalty package on a number of uranium projects located in the Grant’s mineral district of New Mexico.
Daily Metal Prices (January 15, 2007)
Date Jan. 8 Jan. 5 Jan. 4 Jan. 3 Jan. 2 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 2220/2250 2250/2300 2250/2285 2212/2275…
Diavik Exceeds Expectations
Despite the challenges created by the premature closure of the winter road in early 2006, the Diavik diamond mine in the Northwest Territories successfully kept operations and construction on track du…
Asia Now Drills Habo Copper-Gold Project
With the close of southern China’s rainy season, Asia Now Resources (NOW-V) has begun a scout drilling program at its Habo copper-gold project in Yunnan province.
Editorial: Ortega’s Second Chance to Get It Right
On the eve of Daniel Ortega Saavedra’s inauguration as Nicaragua’s new president on Jan. 10, it’s still not entirely clear whether the ex-Marxist guerilla’s return to power is an endorsement or a repu…
What the World Thinks of BC
The Fraser Institute’s Annual Survey of Mining Companies is designed to assess how mineral endowments and public policy factors such as taxation and regulation affect exploration investment. The 2005 …
Producer and Dealer Prices (January 15, 2007)
Antimony: Mid-mkt US$5,375/t.
LME Warehouse Levels (January 15, 2007)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 8, 2006 (change from Dec. 29 in brackets):
TSX Short Positions (January 15, 2007)
Short positions outstanding at Dec. 31, 2006 (with changes from Dec. 15).
Lucky Ship Moly Resource Doubles
Vancouver — An updated resource estimate on New Cantech Ventures’ (NCV-V, NCTVF-O) Lucky Ship molybdenum deposit, located 65 km southwest of Houston, B.C., shows a 133% increase in contained metal.
Adanac Moly Making Strides at Ruby Creek
Vancouver — Adanac Molybdenum (AUA-V, AUAYF-O) is gearing up for a mid-year construction start at its Ruby Creek project near Atlin in northwestern British Columbia.