International Quotes (December 15, 2008)
International Quotes Australia (A$) Dec 9 Nov 25 Change Bendigo Mining 0.13 0.12 0.01 Kingsgate Cons. 2.68 2.80 -0.12 Lion Selection Ltd 0.79 0.92 -0.13 Newcrest Mining 28….
2008
Nautilus Anchors Equipment Suppliers For Solwara 1
Deep-sea explorer Nautilus Minerals (NUS-T, NUS-A) has announced the equipment suppliers for Solwara 1, its gold-copper massive sulphide seafloor deposit.
Sandvik Bags Contract With Potash Corp. Of Saskatchewan
Sandvik Mining and Construction has signed a contract to supply Potash Corp. of Saskatchewan (POT-T, POT-N) with a fleet of Sandvik MF420 Borer Miners.
U. S. MARKETS – DECEMBER 2-8
U. S. markets were up sharply during the Dec. 2-8 trading session. The Dow Jones Industrial Average gained 785 points, or 9.6%, to 8,934; the S&P 500 index rose 93 points, or 11.4%, to 910; and th…
Romarco Extends North Zone
Vancouver — As Romarco Minerals (R-V, RTRAF-O) progresses towards a feasibility study of the past-producing Haile gold mine in South Carolina, drilling continues to push the extension of the North zo…
HudBay-Lundin Merger Draws Fire
Vancouver — What was supposed to be a friendly merger between HudBay Minerals (HBM-T, HBMFF-O) and Lundin Mining (LUN-T, LMC-N) is turning into a nasty battle, as groups of HudBay shareholders demand…
Vale Scales Back
As the world economy continues to unravel, Vale (RIO-N) is closing its Copper Cliff South nickel mine in Sudbury, Ont., suspending its Voisey’s Bay nickel operations in Labrador for a month next July,…
Fresnillo Moves On MAG Silver
In what executives at MAG Silver (MAG-T, MVG-X) are calling a “take-under” bid, a subsidiary of Fresnillo (FNLPF-O, FRES-L) is offering US$4.54 per share in cash for all of MAG’s outstanding shares. M…
Seabridge Puts KSM’s Mine Life At 30 Yrs
Vancouver — A preliminary economic assessment has put a US$3.4- billion price tag on the Kerr-Sulphurets- Mitchell (KSM) gold project in northwest British Columbia, but the investment would buy a 30-…
Wesdome Strikes New Gold In Val D’Or Camp
Wesdome Gold Mines (WDO-T, WDOFF-O) has found some much needed gold in an area that has never been drilled before on its Dubuisson property, in Val d’Or, Que. — good news to go along with a solid thi…
People (December 15, 2008)
Aquiline Resources — Darren Maupin appointed a director.
Lme Warehouse Levels (December 15, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 8, 2008 (change from Nov. 25 in brackets):