Strike clips Falco’s wings
The good times did not last long for Falconbridge (FL-T), which barely squeaked out a profit in the first quarter.Pinning the blame on falling metal prices, a strike in Sudbury and production difficul…
Anglo American Platinum Limited
Anglo hits at Boyongan
Vancouver — Partners Anglo American (AAUK-Q) and Philex Gold (PGI-V) appear to have intersected a rare geological event at the Boyongan prospect on the Philippine island of Mindanao. The latest drill…
Rate cut propels market rally
Denver — The Dow Jones industrial average continued climbing after the U.S. Federal Reserve announced a surprise interest rate cut of 0.5%. The market finished the April 18-24 report period up 237.61…
Anglo American sizes up Arex deposit in Brazil
Anglo American (AAUK-Q) has tabled an independent resource estimate for the Arex deposit in Brazil’s Mato Grosso del Norte state.Based on 74 drill holes, consultant ACA Howe International estimates th…
Dow, gold continue climb
Denver — The Dow Jones industrial average climbed 113.99 points, or 1.1%, during the holiday-shortened report period April 11-17 to close at 10,216.73.Comex spot gold on the New York Mercantile Excha…
Lisheen to reach design capacity
Based on an improved first-quarter performance at the Lisheen zinc-lead mine in southern Ireland, Ivernia West (IVW-T) says full production should be attained by mid-year.The underground operation, wh…
Dow clears 10,000 again
Denver — The Dow Jones industrial average rallied 617.03 points, or 6.5%, in the report period ended April 10, after a disastrous previous week, to close at 10,102.74.Mining issues were dragged along…
AMF, Anglo cut new deal at Kolwezi
A more stable political climate in the Democratic Republic of Congo has enabled America Mineral Fields (AMZ-T) and Anglo American (AAUK-Q) to rework their deal to process the country’s Kolwezi tailing…
Nasdaq takes yet another tumble
Denver — After a brief respite, the Dow Jones industrial average continued its downward spiral during the report period ended April 3, tumbling 461.83 points, or 4.6%, to 9485.71. Meanwhile, the Nasd…
Mining mergers assume ‘victim or vulture’ theme
As mining deals get bigger and the pace of consolidation accelerates, the emerging trend might best be described as “victim or vulture,” says London-based analyst Jack Jones of CIBC World Markets.”Thi…
Anglo seeks to boot Anaconda management
Anaconda Nickel’s controlling shareholder, Anglo American (AAUK-Q), has finally blown a fuse over the slow progress of Anaconda’s Murrin Murrin nickel project in Western Australia, and is seeking a sh…
Dow makes strong comeback
Denver — The Dow Jones industrial average bounced back after a disastrous week, climbing 226.78 points, or 2.3%, to finish the report period ended March 27 at 9947.54.All this meant little to the pri…