Ivernia Inc. declared that it has entered into a subscription agreement with OppenheimerFunds, Inc. to buy US$5 million of secured convertible notes having the terms described in the Company’s press release dated March 20, 2009 with the transaction to be completed on April 1, 2009. For full story, click here
Read the full article: "Ivernia offered updates on financing..."
Tuesday, March 31, 2009
Lead prices have seemingly resisted a fearful trend in demand as almost 50% of offtake goes into batteries in the auto sector. For full story, click here
Read the full article: "Lead to start strong recovery in 2009"
Monday, March 30, 2009
Sharekhan reports revealed that the lead futures are expected to follow bearish trend in the coming days. The conservative target for this pattern is at Rs 60.30 and the aggressive target is at Rs 57. The neckline is placed at Rs 64 and the reversal level is pegged at Rs 66.80. For full story, click here
Read the full article: "Lead futures may trade bearish"
Monday, March 30, 2009
Lead prices on Monday lowered down on MCX trading session due to the weak economic prospects of China and Japan. The lead prices were seen stagnant in the domestic futures market since the morning. For full story, click here
Read the full article: "Lead prices slipped at MCX"
Friday, March 27, 2009
Ivernia Inc., sole owner and operator of the Magellan lead mine in Western Australia, reported that it is aware of the press release issued on March 24, 2009 by Griffin Mining Limited indicating it proposes to make an unsolicited take-over bid for all of the shares of Ivernia. For full story, click here
Read the full article: "Ivernia reported comments on unsolicited..."
Friday, March 27, 2009
Maghreb Minerals PLC announced that the results of scoping study on the Bou Jabeur - Gite Est deposit in Tunisia that concludes that the project is uneconomic at current lead and zinc prices, but a rise in resources may change that, so it is seeking a partner to progress the project, primarily to fund the additional drilling programme required. For full story, click [...]
Read the full article: "Maghreb minerals searching partner for Bou..."
Tuesday, March 24, 2009
Base metals in futures trading snapped a five-day long rally on the Multi Commodity Exchange on Tuesday as speculators indulged in offloading their holdings on renewed concerns over dwindling demand by global giants. Lead for May contract slipped by 2.40 per cent on MCX. For full story, click here
Read the full article: "Lead slipped by 2.40%"
Tuesday, March 24, 2009
Webb City, in the southwestern corner of Missouri is known as the Tri-State Mining District, an area covering about 2,500 square miles across the three states with major minerals being lead and zinc. For full story, click here
Read the full article: "Webb City:- a growing lead mining centre"
Sunday, March 22, 2009
By Leia Michele Toovey- Exclusive to Lead Investing News The Fed’s announcement to purchase treasuries sent lead and zinc on their largest ascent in two months. Fed officials voted on March 18 to buy Treasury and mortgage bonds in an effort to revive America’s economy, lifting stocks as well as commodities. Copper, zinc and aluminum [...]
Read the full article: "Fed announcement spurs zinc, bypasses lead"
Friday, March 20, 2009
The main reason behind fall in European Goldfields revenues is fall in lead prices which have more than halved, and hit sales from the Stratoni operation in Greece and led to the dip in revenue. For full story, click here
Read the full article: "Fall in lead prices drive down European..."
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Tuesday, March 31, 2009