By Leia Michele Toovey- Exclusive to Lead Investing News As the global economy arguably trots down the path to a recovery, the metals are diverging in prices due to differences in their fundamental dynamics. Lead was the second-best performer of the LME metals last quarter, coming in a few percentage points behind copper. Lead gained [...]
Lundin Mining said to close Galmoy zinc-lead mine in Ireland in May. Was to close on a phased basis over three years from end-2008. For full story, click here
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 [...]
Lundin Mining said to close Galmoy zinc-lead mine in Ireland in May. Was to close on a phased basis over three years from end-2008. For full story, click here
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 [...]
Canada’s Lundin Mining Corp said that it will close its Galmoy zinc-lead mine in Ireland in May 2009, earlier than planned, because of a sharp drop in zinc prices. For full story, click here
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
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
Miner HudBay Minerals Inc. is buying Lundin Mining Corp. in a friendly deal that creates one of Canada’s biggest publicly traded base-metals companies. For full story, click here
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 [...]
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