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Xstrata mothballs Windimurra

Despite high vanadium prices, London-listed diversified miner Xstrata has decided to close the Windimurra vanadium pentoxide operation permanently. The site is 500 km northeast of Perth, Australia.



Wheaton River sees profits jump 700%

Vancouver — Wheaton River Minerals (WRM-T) posted a 700% increase in earnings for the quarter ended March 31, marking its seventh (and last) successive quarter of record earnings.


Stocks weather unsettled market

U.S. markets were lifted and lowered by interest rate speculation and international tension, but finished the reporting period May 11-18 little changed. The S&P 500 index was off 3.96 points at 1,091.49, while the Dow Jones Industrial Average was…



Chinese economy affects gold markets

The mere hint of a potential slowdown in the torrid growth of China’s economy helped shave a painful US$50 per oz. off gold prices over the past month, dropping spot prices into the US$380-per-oz. range.



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