Duncastle Gold Corp. (TSX VENTURE:DUN)(FRANKFURT:5D3) announced drill results from a five hole, 1682 metre Phase II drill program at its flagship Yankee-Dundee property. The press release is quoted as saying: The Company also reported that drill hole YD09-44 returned a 1.3 metre interval averaging 1.6g/t Au, 54.6g/t Ag, 0.4% Pb and 0.7% Zn within a [...]
On Saturday, China’s biggest base metals trader, Minmetals CHMIN.UL, is expected to buy a stake in the Hunan Nonferrous Group (2626.HK) soon. To add, provincial government of Hunan, in central China, was strongly backing the deal. The news article is quoted as saying: In September 2008, Minmetals signed a strategic cooperation pact with Hunan Nonferrous, [...]
Imperial Metals (TSE:III) announced today that they have signed a definitive agreement to acquire all the outstanding shares of Selkirk Metals (CVE:SLK). The purchase price is $0.12 per Selkirk share or one Imperial share for each 30 Selkirk shares. With 87.5 million shares outstanding, this puts a value on Selkirk of approximately $10.5 million. From [...]
By Leia Michele Toovey- Exclusive to Lead Investing News Lead and zinc prices have been on board for the base metal rally, zinc on the LME is currently trading for $1,633.50 per tonne, up 30 per cent so far this year. The metal used to galvanize steel touched a four-year low of $1,038 on Dec.12, [...]
Fascinating details about the conditions of the men working in local lead mines three hundred years ago have been revealed in a gift presented to Wrexham Museum. For full story, click here
A naturalist will lead a free guided walk through the old lead mines of the North Pennines this weekend. For full story, click here
Lead futures tumbled to hit lower circuit by losing another 4.27 per ten on the Multi Commodity Exchange on surged selling by speculators sparked by weakening global trend. For full story, click here
India’s lead imports are likely to surge 10% to about 220,000 metric tons in the year to March 2010, largely on increased lead battery sales. For full story, click here
Chinese controlled Perilya has turned its iconic Broken Hill lead and zinc mine cash-positive after a long period of losses and depressed metal prices had threatened to shut down the operations. Managing Director Paul Arndt stated: We are confident we can continue our improved cost performance through the balance of the financial year. For full [...]
Lead futures hit the lower circuit today and lost 5.01 per cent on sustained selling, sparked by dwindling trend in its prices at the London Metal Exchange. For full story, click here
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