Loreto Resources Corporation is pleased to announce that Mr. Luis Saenz has joined the Company as our CEO, President and Director effective today, July 21, 2008.
Mr. Saenz brings an extensive track record of mining industry leadership to Loreto Resources. With over 15 years of industry experience, Mr. Saenz was most recently employed at Standard Bank [...]
Copper rose in London on speculation that a slumping dollar will encourage buyers holding other currencies to purchase the metal. Lead and nickel advanced.
The U.S. currency dropped to an all-time low against the euro after a government report showed that the U.S. economy grew last quarter at the slowest pace in four years. A change [...]
FIRST RESOURCE DEFINITION DRILLING RESULTS EXTEND MINERALISATION IN TWO OF MAIN DEPOSITS AT PLA’S KALPLATS PROJECT
• Bankable Feasibility Study Should Be Completed By End Of Calendar Year
• Initial Testwork Indicates Recovery Of 80p.c. Into Saleable PGM Concentrate
• Further Drilling Success Could Raise Planned Production By 50p.c. To 300,000oz/y
Platinum Australia Limited says the first results from [...]
Shanghai copper futures closed 4 percent lower on Tuesday, tracking the previous day’s losses in London when profit taking dragged copper down 3.8 percent.
The most active April contract was down 2,370 yuan at 51,910 yuan ($6,679) a tonne at the close. Just before the closing bell, copper was at its downside limit of 51,900 yuan.
Copper [...]
Shanghai copper futures rallied 1.3 percent on Thursday, recovering from early losses on brighter technical prospects for London futures.
The most active March contract gained 700 yuan, or 1.3 percent, to 53,550 yuan ($6,889) a tonne by the close on Thursday.
Spot copper prices in Shanghai were up 125 yuan, quoted between 55,250 yuan and 55,600 yuan.
Shanghai copper futures fell 1.4 percent on Friday as China’s top planner warned that the country’s growth rate was still too fast.
The most active March contract was 1.4 percent lower at 54,020 yuan ($6,929) a tonne at the close on Friday, versus 54,800 yuan on Thursday.
The Chinese economy grew by 10.5 percent in 2006 according [...]
Chinese gold miner Zhaojin Mining Industry Co. Ltd. plans to raise up to $280 million in an IPO after setting a HK$9.80-HK$12.68 per share price range for a December listing in Hong Kong, a source familiar with the deal said on Saturday.
Shandong Province-based Zhaojin, which will kick off a formal marketing roadshow on Monday, is [...]
Nickel hit a new high on fresh threats to supply and tin regained $10,000, but copper was pushed to the sideline in London trading on Friday. “Copper has been sidelined and the focus has shifted elsewhere. Aluminium, zinc, lead and nickel are where the interest lies,” a London Metal Exchange (LME) trader said.
Nickel hit a [...]
AIM listed, London based, junior mining company, European Nickel, which recently signed an agreement with Greece’s Larco to deliver 200,000 tonnes of ore from its Caldag mine in Turkey to the latter’s ferro-nickel smelter at Larymna in Greece, is now reported to have secured a US$175 million bank loan arranged by Standard Bank, Standard Chartered [...]
