Boliden, swedish miner to beat Q3 forecast
Boliden declared that their mine expansion plan was on track as they beat the Q3 forcast. Chinese demand buoyed the market.
Archive for October, 2009
Alturas Minerals news
Alturas Minerals Corp.(TSX VENTURE:ALT)(BVLAC:ALT) announced the resignation of Mr. Laurie Curtis, and the appointment of Mr. Walter Henry, to the board of directors of the Company.
Japan output of rolled copper-17.4% year on year
There was a drop in Japan’s output of rolled copper product to 66,145 tonnes which was down 17.4 percent when compared to the previous year. As a result of the economy, there is a partial recovery in metals demand.
US Copper dragged down from 13 month high
In a doller led sell off across the broader commodity complex, US copper was dragged away from a 13 month high on Monday. Copper for December delivery HGZ9 slipped 2.35 cents to settle at $3.0110 a lb on the New York Mercantile Exchange’s COMEX division.
Nevada Copper Corp. announces a private placement
Nevada Copper Corp. (TSX:NCU) today announced that the company has agreed to a private placement in the amount of CDN$11,250,000 with Capstone Mining Corp.(TSX:CS). However this is subject to TSX approval.
USPR's processing update on Morelia Facility
U.S. Precious Metals, Inc. (OTCBB: USPR), announced today that the Company’s Mexican subsidiary is processing ore from the La Sabila property at its Morelia laboratory.
Mining giant BHP Billiton record production
Mining giant BHP Billiton has record production of iron in the third quarter. But the world’s fourth biggest copper mine is working on 25% of its capacity for a period of six months due to a damaged shaft. That has helped push up copper prices to a one-year high of $6,570 a tonne, and will also hit uranium supplies.
North American Gem completes permit transfer
North American Gem Inc. (TSX-V: NAG) today announced that the final bonds have been posted with the State of Kentucky by North American Gem on Thursday, October 22. As a result, the completion of the permit transfer [the permit #918-0396 to North American Gem], the company has the right to immediately start mining at their [...]
Amerigo Announces new Copper Hedging Program
Amerigo Resources Ltd. (TSX:ARG) today announced that the company’s 100% owned subsidiary, Minera Valle Central, has extended its hedging facility with Minera Valle Central’s concentrate purchaser, Empresa Nacional de Mineria, a Chilean state owned company, at higher prices through a zero cost minimum/maximum pricing structure. The press release is quoted as saying: Minera Valle Central [...]
Constantine Metal Resources update on Palmer Project
Constantine Metal Resources Ltd. (TSX VENTURE:CEM) today announced final drill outcome and preliminary down-hole geophysical data for the 2009 exploration program at the Company’s Palmer copper-zinc-gold-silver rich volcanogenic massive sulphide project. The press release is quoted as saying: The Palmer project is located in a very accessible part of southeast Alaska, 60 kilometres by road [...]
