Aluminium
Gold drops $20 on oil, dollar
by Elaine Frei
Metals prices were mixed Tuesday as gold saw gains on declines in crude oil prices and as the US dollar strengthened in relation to the euro.
Decmeber gold was down $20.60 shortly before the close of floor trade in New York to $887.30 per troy ounce, while September silver dropped 58 cents to $16.56 per troy [...]
Copper, other metals down on rising inventories
by Elaine Frei
Copper prices fell substantially Monday as new data showed that manufacturing in China contracted in July for the first time in at least three years and after London Metal Exchange stockpiles added 1,550 tonnes on the session to 146,200 tonnes.
The rising stockpiles reflect declining demand for the metal globally.
September copper was down 14 cents to [...]
Midway Gold acquires Eagthe Golden Eagle property
by Gill Montia
Midway Gold Corp has announced that it has acquired a 100% interest in Eagthe Golden Eagle property, which is located in Ferry County, Washington.
The acquisition is being made from Kinross and Hecla, through a wholly-owned subsidiary created to hold the property.
The property comprises 211 acres of private land adjacent to the Republic Knob [...]
Copper drops 8 cents per pound in New York
by Elaine Frei
Metals prices were lower Friday as the US dollar strengthened and stockpiles of some base metals grew in London Metal Exchange warehouses.
September copper was 8 cents lower to $3.58 per pound in New York and three-month copper dropped $160 to $7,900 per tonne on weak economic data from the United States and after LME inventories [...]
AngloGold Ashanti to acquire 100% of São Bento
by Jo Black
AngloGold Ashanti Limited, a global gold producer with 21 operations on four continents, has entered into a letter agreement with Eldorado Gold Corporation to acquire 100% of Eldorado’s wholly owned subsidiary, São Bento Mineração S.A. (SBMSA) for a consideration of US$70 million to be settled by the issue of AngloGold Ashanti shares to Eldorado.
SBMSA is [...]
Hunter Dickinson to invest in Independent Nickel
by Jo Black
Independent Nickel Corp. has agreed to terms of a $14 million financing with a private company in the Hunter Dickinson group.
The company said that Hunter Dickinson will subscribe for 40,000,000 Units of Independent Nickel at $0.35 per Unit, for gross proceeds of $14,000,000, on a non-brokered basis.
Each Unit will consist of one common share [...]
Prairie Creek provides permitting update
by Jo Black
Canadian Zinc Corporation, a Toronto listed junior exploration company, has received a number of approvals to enable continued activities aimed at preparing infrastructure and road access at the Prairie Creek Mine to take place in order to continue advances towards operations.
The Prairie Creek Mine is totally owned by Canadian Zinc Corporation, and is situated in [...]