Lead remained range-bound
Lead remained range-bound in the first fortnight of February, which moved between $1,125 and $1,160 per tonne on LME. For full story, click here
Archive for February, 2009
China dominates but US market rules
China had dominated the metals market agenda the previous week but last week all eyes were on the world’s largest economy, the United States. For full story, click here
Lundin Mining is prepared to postpone its exercise
Lundin Mining is prepared to postpone its exercise of this right provided that HudBay uses its best efforts to obtain the requisite shareholder approval for the arrangement on or before March 31, 2009, which is the date HudBay set on December 30, 2008 for a requisitioned meeting to elect a new board of directors. For [...]
Net income pf Rio Tinto falls
Net income fell to $3.7 billion from $7.3 billion in 2007, London-based Rio said today in a statement to the Australian stock exchange. For full story, click here
Cos that are easy pickings
Those miners fortunate enough to possess a strong balance sheet, the low values of their less-favoured peers make them easy pickings for companies in search of production or resource growth. For full story, click here
Ironbark releases a summary of the key components
Ironbark is pleased to release a summary of the key components from the Pre-Feasibility Study (PFS) at its 100% owned world class Citronen zinc-lead project in Greenland. For full story, click here
Consumer durables to boost demand
Base metals will continue to remain upbeat on positive outlook for investment in infrastructure and consumer durables, the two major users of base metals. For full story, click here
PHI Mining announces JV with Truong
PHI Mining Group, Inc., announced that Truong Son Metal Mineral Joint Stock Company, a joint venture company between Truong Son General Group of Youth Volunteers and Indochina Mining Corporation. For full story, click here
Stimulus packages may help base metals
Base metals may rise up to 7 per cent in the short term on speculation that the stimulus packages proposed by the governments of the US and China will revive growth and boost demand for industrial commodities. For full story, click here
Bass Metal output expected to increase
Bass Metals says a recent geological survey found the ore body is much larger than first estimated and the life of the mine could be extended. The small-scale open pit mine has been producing mostly zinc, lead and copper since October 2007. For full story, click here
