By Leia Michele Toovey- Exclusive to Zinc Investing News Lead and zinc were on par with this week’s bearish market sentiment. Growing evidence that the financial crisis was spreading throughout the globe hit the metals hard; most influential this week was news that pointed directly too a gloomy economic future for metals consuming giant China. [...]
Blue Note Mining reported reduction in workforce and capital spending budget at its Caribou zine operation in New Brunswick due to lower metal prices. For more information, click here For company’s website, click here
John Martin, president of Blue Note Metals Inc, which operates Caribou and Restigouche mines, was quoted as saying: We’re looking at 300,000 tonnes a day through the mill at 80 per cent zinc recovery and about 66 per cent lead recovery. We’re over 75 zinc now and are running fairly consistently over 75 zinc and [...]
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