Jan

29

U.S. DATA (For this week Jan 25th to Jan 29th)

January 29, 2010 | Leave a Comment

U.S. DATA (For this week Jan 25th to Jan 29th) Monday Tues day Wednesday Thursday Friday Existing Home Sales (8:30 PM IST) Consumer Confidence (8:30 PM IST) New Home Sales (8:30 PM IST) EIA Petroleum Status Report (9:00 PM IST) FOMC Meeting Announcement (12:45 PM IST) Durable Goods Orders (7:00 PM IST) Jobless Claims (7:00 [...]

Jan

29

Metorex to raise $100 mln, revises Ruashi debt..

January 29, 2010 | Leave a Comment

* Debt raising programme to strengthen balance sheet * Plans to dispose of all non-core operations (Adds details) JOHANNESBURG, Jan 29 (Reuters) – South African miner Metorex Ltd (MTXJ.J: Quote) said on Friday it had embarked on a $100 million capital raising programme and revised a debt package for its Ruashi copper mine in the [...]

Jan

29

Yale Identifies New Zone at Orofino..

January 29, 2010 | Leave a Comment

VANCOUVER, British Columbia–(BUSINESS WIRE)–Yale Resources Ltd. (TSX-V – YLL and Frankfurt – YAB) is pleased to announce that ongoing fieldwork at the wholly owned Orofino Project has identified a new mineralized target. The new target, the Koala Zone, is made up of a zone of oxidation that measures approximately 175 by 90 metres. The discovery [...]

Jan

29

Alcoa to shut two Italian smelters by Feb 6..

January 29, 2010 | 4 Comments

U.S. aluminium producer Alcoa Inc (AA.N: Quote) said it plans an orderly shutdown of its two Italian smelters by Feb. 6, despite government efforts to find energy at a competitive price. “The best course, and the one that provides the best opportunity for the future operation of these smelters is, …an orderly curtailment, which we [...]

Jan

29

Copper in Shanghai Drops to One-Month Low of 56,550 Yuan a Ton..

January 29, 2010 | Leave a Comment

Copper for May delivery dropped to the lowest in a month on the Shanghai Futures Exchange, losing as much as 1.6 percent to 56,550 yuan ($8,283) a metric ton. Zinc for May delivery in Shanghai dropped as much as 2.5 percent to 18,060 yuan a ton, the lowest since Dec. 11.

Jan

29

BHP Buys Potash Producer in Canada..

January 29, 2010 | Leave a Comment

BHP Billiton, the global mining giant, said Thursday it had agreed to acquire Canadian potash explorer Athabasca Potash for 341 million Canadian dollars ($323 million) in cash, expanding its asset base in the potash-rich Canadian province of Saskatchewan. The bid further illustrates BHP’s commitment to the sector. It bought Anglo Potash in 2008 and plans [...]

Jan

29

Australians to dominate BHP board..

January 29, 2010 | 1 Comment

The world’s biggest resources company BHP Billiton will have an Australian-dominated board, after two Americans today announced their retirement. The company will have seven Australians, including chief executive Marius Kloppers who has dual citizenship, on its board, and five international appointees. The changes came after Americans Paul Anderson and Gail de Planque announced their retirement [...]

Jan

29

Shanghai Weekly Inventory..

January 29, 2010 | Leave a Comment

Shanghai Weekly Inventory: Copper +3902 , Aluminum +5481, Zinc -240.

Jan

29

LME Copper Inventory 29 Jan 2010

January 29, 2010 | Leave a Comment

LME Inventory Update Copper +875MT Lead +1175MT Zinc +50MT Nickel +1290MT Tin +165MT.

Jan

29

Ironbark confirms exploration target for 302-347 million tonnes of zinc and lead mineralisation at Citronen.

January 29, 2010 | Leave a Comment

Target of 165 to 190Mt @ 5.7 to 6.5% zinc + lead for a combined total of up to 26 billion pounds of zinc and lead metal (at a 3.5% zinc cutoff), Target of 302Mt to 347Mt @ 4.4 to 5.0% zinc + lead for a combined total of up to 36 billion pounds of [...]

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