Severstal and Chalco cutting output (October 14, 2008)
Severstal, Russia’s largest steel maker, is slashing output in Russia, the U.S. and Europe by 25-30% amidst slowing…
Russia and CIS
CPM releases vanadium study
New York City-based CPM Group has released its 2008 vanadium industry outlook. The report forecasts that the demand…
High River buys out Russian partner at Prognoz
High River Gold Mines (HRG-T, HRIVF-O) is snapping up the remaining 50% stake in the Prognoz silver project in the Republic of Sakha in Russia, about 444 km north of the capital city of Yakutsk.
High River sees Q2 cash costs rise 67%
A jump in cash costs have left High River Gold Mines (HRG-T) with a negative second quarter even with a 61%-increas…
Editorial: Oil, metals and Russia’s triumph
The geopolitical scene is being dominated by the hot war that erupted between Georgia and Russia last week, which h…
Thumbs up for Silver Eagle’s Miguel Auza mine
The fully permitted Miguel Auza mine, which generated its first revenue for Silver Eagle Mines (SEG-T, SVEGF-O) during a bulk-sampling program last year, shows promising economics according to a prefe…
Bears kill 2 geologists in Russia’s Far East
Geologists at a mine in northern Russia have refused to leave their compound after two of their colleagues, who worked on a drill site, were found fatally mauled by bears near the project.
High River Gold buys remainder of Prognoz silver project in Russia
High River Gold Mines (HRG-T) is snapping up the remaining 50% stake in the Prognoz silver project in the Republi…
UAE pours oil money into mining
In an effort to shield itself from escalating costs of infrastructure-related materials, the government of Ras Al Khaimah, a part of the United Arab Emirates (UAE), has set up what may become the firs…
Iron ore market to stay strong in 2009: forecasts
The iron ore boom continues, with the market expected to stay firm through next year, according to a report by the Iron Ore Trust Fund of Geneva-based United Nations Conference on Trade and Developmen…
Potash, uranium, key themes at RBC conference;RBC conference
Commodity prices will remain strong for several years to come due to robust demand outside the United States and persistent supply constraints, according to presentations at the recent RBC Global Mini…
Will auto industry woes derail lead, platinum?
The recent sales figures coming out of the automotive industry in Detroit have been awful, leading to layoffs at some of the Big Three auto makers and at auto parts suppliers. Since cars are among the…