December lead closed at 50.30 rupees
December lead closed at 50.30 rupees per kg while Dcember zinc ended at 53.20 rupees per kg. For full story, click here
Archive for December, 2008
Zazu Receives More Excellent Results from Lik
Zazu Metals Corporation is pleased to announce another 12 drill hole results from the summer development program at the Lik zinc – lead – silver deposit, 22km from the Red Dog zinc mine of Teck Cominco (“Teck”) in northwestern Alaska. For full story, click here
Rare Lead Bars Discovered Off The Coast Of Ibiza May Be Carthaginian Munitions
Dr. Marcus Heinrich Hermanns from the Department of Archaeology at the University of Cologne has recovered three lead bars which may originate from the third century before Christ, 39 meters under the sea off the north coast of Ibiza. One of the bars has Iberian characters on it. For full story, click here
Three-month lead drops
Three-month lead dropped to $1,080 a tonne from $1,217. For full story, click here
Lundin Mining: Unearthing Big Gains from the Commodity ‘Supercycle’
The company amassed a fortune in commodities – valued in excess of $4 billion – when oil cost about $20 a barrel and gold traded for $300 an ounce, by having an innate ability to spot value. For full story, click here
Will Chinese purchases boost zinc and lead demand?
By Leia Michele Toovey- Exclusive to Lead Investing News The zinc industry has been quick to respond to the slump in prices and a host of producers have announced cutbacks and closures. However, without a definitive shift in the current global economic current; supply cuts have yet to directly improve pricing. In Shanghai, spot [...]
Low zinc and lead inventories threaten price stability
By Leia Michele Toovey- Exclusive to Lead Investing News Shanghai base metals fell by their daily limits on Friday, chasing steep falls on the London Metal Exchange (LME). The Exchange said it would make an announcement about which contracts would be suspended after the market closed. So far this year, zinc prices are down 52 per [...]
Lead stocks slump on LME
Lead stocks on the London Metal Exchange fell 225 tonnes to 41,075 tonnes and zinc inventories were down 175 tonnes to 190,475 tonnes. For full story, click here
Mining group Vedanta launches $250 mln share buyback
India-focused mining group Vedanta Resources Plc said it would spend $250 million to buy back up to 10 percent of its shares, but said it would still have plenty of cash to pay for expansion programmes. For full story, click here
Lundin Mining: Unearthing Big Gains from the Commodity ‘Supercycle’
The company amassed a fortune in commodities – valued in excess of $4 billion – when oil cost about $20 a barrel and gold traded for $300 an ounce, by having an innate ability to spot value. For full story, click here
