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 [...]
Continue reading "Imperial Scooping Up Selkirk"
Monday, June 15, 2009
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, [...]
Continue reading "Lead and Zinc join base metal rally"
Monday, March 2, 2009
By Leia Michele Toovey- Exclusive to Lead Investing News Positive sentiment that spread through the markets during the week edged up most of the base metals. The U.K. benchmark FTSE 100 Index jumped 0.9 per cent and Japan’s Nikkei 225 Stock Average closed 2.7 per cent higher in Tokyo. Pessimistic data still came out of [...]
Continue reading "Market sentiment wins in price tug-of-war"
Sunday, February 1, 2009
By Leia Michele Toovey- Exclusive to Zinc Investing News In their bi-weekly price review, Hindustan Zinc Limited announced that effective Saturday, it had cut its prices of zinc, but held lead rates steady. Zinc prices will drop by Rs 800 per tonne to Rs 68,900; whereas lead maintained the Rs 70,200 per tonne level. Lead prices have [...]
Continue reading "Zinc rates cut while lead is held steady"
Sunday, January 25, 2009
By Leia Michele Toovey- Exclusive to Lead Investing News The global financial crisis and sharp falls in metals prices have forced several companies to abandon or put on hold their plans to bring new mines on-stream. Some existing producers have also shut down or curtailed output at mines and plants as high costs and low prices [...]
Continue reading "Output cuts extend through lead and zinc industry"
Tuesday, January 20, 2009
By Leia Michele Toovey- Exclusive to Lead Investing News For the first quarter of 2009, the mantra of many lead and zinc miners is “survival”. After the price crash of 2008, many miners have gone underwater. This is forcing cutbacks, closures, acquisitions, and even some bankruptcies. There is no question that prices will rebound as commodity [...]
Continue reading "Survival of the fittest for lead and zinc miners"
Tuesday, December 2, 2008
By Leia Michele Toovey- Exclusive to Lead Investing News On the London Metal Exchange (LME), zinc prices have nearly halved to $1,198 a tonne from the end of 2007; last Thursday, lead fell to a two-year low in London. In lead news, after reductions in automobile production, both General Motors Corp and Ford Motor Co [...]
Continue reading "Will lead production cuts boomerang prices?"
Sunday, November 23, 2008
By Leia Michele Toovey- Exclusive to Zinc Investing News The global economic outlook seems to worsen everyday. The US, China, and India are witnessing an economic slowdown. Data coming out of Japan shows that the economy there has entered into a recession in the third quarter as corporate spending and export demand slumped. The 15 [...]
Continue reading "Zinc and lead companies underwater"
Sunday, November 16, 2008
By Leia Michele Toovey- Exclusive to Lead Investing News Australia’s carbon tax program may force miners into bankruptcy. Nyrstar, the countries largest zinc and lead miner issued a response to the governments proposed taxation scheme. Chief Operating Officer Greg McMillan said modeling prepared for the company showed that the taxation would cost the company $70 [...]
Continue reading "Carbon tax could bankrupt Australian lead and zinc"
Saturday, November 8, 2008
By Leia Michele Toovey – Exclusive to Lead Investing News At current price levels, approximately 50 per cent of the world’s zinc producers are under water. Zinc MZN3, mainly used as an anti corrosive in galvanized steel is currently selling for around $1,120.00 per tonne, less than half the metal’s January value. Lead prices are [...]
Continue reading "Output cuts and layoffs hit zinc and lead miners"
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Tuesday, September 15, 2009