Duluth Metals boosts resource in Minnesota
Duluth Metals (DM-T) has added some heft to its resource estimate for the Nokomis deposit in northeastern Minnesota’s Duluth base metals complex.
2008
Golconda Resources acquires Lyncorp Drilling
Calgary-based Golconda Resources (GA-V, GOLCF-O) has announced its acquisition of Lyncorp Drilling Services.
Cabo secures Cobalt contract
Cabo Drilling (CBE-V, CBEEF-O) has signed a contract with International Millennium Mining (IMI-V, IMLMF-O), to drill at the company’s Cobalt property, in northeastern Ontario.
Intex begins Mindoro feasibility
Intex Resources has launched a feasibility study for its Mindoro nickel laterite project in the Philippines.
U. S. MARKETS JUNE 3-9
During the June 3-9 trading session, the surging oil price weighed down the main U. S. stock indices, with the Dow Jones Industrial Average falling 224 points, or 1.8%, to 12,280; the S&P 500 Inde…
PEOPLE (June 16, 2008)
Aquiline Resources — Ken Thomas appointed a director.
TORONTO STOCK EXCHANGE JUNE 3-9
While the TSX Composite Index managed to gain 146.58 points for the June 3-9 trading period, things were looking less rosy by the end of the week. The Bank of Canada — widely anticipated to announce …
TSX VENTURE EXCHANGE JUNE 3-9
The S&P-TSX Venture Composite Index managed a small gain over the June 3-9 trading session, inching up 15.42 points to close at 2,667.31. Trading was strong, with daily volume averaging 101.9 mill…
LME WAREHOUSE LEVELS (June 16, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 10, 2008 (change from June 3 in brackets):
Copper supply to remain tight to 2010: Citigroup
Copper prices are often viewed as a barometer for many other base metals and — if current indications are any guide — there’s nowhere to go, it seems, but up.
SPOT PRICES (June 16, 2008)
COURTESY OF SCOTIABANK
PRODUCER AND DEALER PRICES (June 16, 2008)
Antimony: Mid-mkt US$6,400.00/t.