Archive for November, 2006
Thursday, November 30th, 2006
Barrick Gold Corporation said Friday that its new Lagunas Norte mine in Peru has reached the milestone of one million ounces of gold produced in 2006.
"There are not many gold mines in the world with the capability to produce over one million ounces in a year. Lagunas Norte has been ...
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Thursday, November 30th, 2006
Shares of gold producers rose in Friday morning trading, as the price of the precious metal gained.
An ounce of gold for December delivery picked up $10 to $639 on the New York Mercantile Exchange, helping to lift the overall CBOE Gold Index 3.4 percent. Ten of the index's 11 component ...
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Thursday, November 30th, 2006
Canadian silver miner Silver Wheaton Corp. said Friday it purchased 9.6 million units of Revett Minerals Inc. for $9.6 million in a private placement transaction.
Each unit includes 1 common share and a warrant to purchase 0.25 of a Revett share at a price of $1.20 per share over the next ...
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Thursday, November 30th, 2006
Offshore companies controlled by Vladimir Potanin, the president of the Interros holding, and Mikhail Prokhorov, the CEO of MMC Norilsk Nickel (RTS: GMKN), have reduced their stakes in Polyus Gold (RTS: PLZL), Russia's No.1 gold producer said in a statement.
The Cyprus-registered Bristaco Holdings and Lovenco Holdings had reduced their stakes ...
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Thursday, November 30th, 2006
Australia's gold output dipped slightly in the third quarter from the same period last year, despite new gold operations coming into production, a new report shows.
Surbiton Associates said Sunday in its latest quarterly report on the Australian gold mining industry that production in the three months to September was 62 ...
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Thursday, November 30th, 2006
London-listed Kyrgyz gold miner Palladex PLC (PLX.LN) said Friday it has signed heads of agreement with Ambrian Capital, formerly Golden Prospect PLC (GOL.LN), and Ethiopian Resources Ltd to issue 50 million new shares in return for a number of exploration companies and license companies in Africa.
The assets involved are in ...
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Thursday, November 30th, 2006
A Western producer of aluminium ingot has offered to Japanese traders and rolling mills a premium of $80/mt on a CIF basis plus London Metal Exchange cash for the first quarter of 2007, Japanese industry sources said on Monday.
The aluminium producer has offered the $80/mt premium for Good Western grade ...
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Thursday, November 30th, 2006
South Africa's state-owned development finance concern Industrial Development Corp. said it will use experience gained from the Mozal aluminium smelter to support the Coega aluminium smelter, where the construction of a primary aluminium smelter will take place in the Coega Industrial Development Zone.
IDC said in a statement it will not ...
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Thursday, November 30th, 2006
Corus Group said Monday that it proposes resolutions to shareholders at each of the EGM and the court meeting convened for Dec. 4, to adjourn those meetings until Dec. 20.
Since Companhia Siderurgica Nacional (CSN) approached Corus regarding a proposal to make a cash offer for Corus at 475 pence per ...
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Thursday, November 30th, 2006
China's copper concentrate imports fell 46% on year in October to 177,936 metric tons, the General Administration of Customs said Monday.
Copper cathode imports in October fell 0.2% to 67,536 tons.
In January-to-October, copper concentrate imports were at 2.91 million tons, down 11% on year, while copper cathode imports were at 659,501 ...
Posted in Copper, Metal News | No Comments »