By Heather Matthews – exclusive to Lead Investing News Base metals are continuing a downward spiral as the market reacts to the federal bailout plan and the general atmosphere of caution and unease. Base metal prices dropped on Wednesday, as September retail level reports (U.S.) were revealed, detailing reduced purchasing by consumers. After the report [...]
Two months after CBH and Perilya terminated a friendly merger, CBH Resources has launched a hostile $65 mn takeover bid for Perilya. CBH managing director Stephen Dennis said: Now that Perilya has really come back to being not much more than Broken Hill we think that logic is even more compelling than what it was back [...]
By Heather Matthews – Exclusive to Zinc Investing News Current market climate Zinc metal and lead metal spot prices are rising despite significant fear and panic in the investing world. Following the bankruptcy of Lehman Brothers World Investment Bank, and the Federal Reserve bailout (85 billion) of AIG, many analysts are predicting that more banks [...]
By Heather Matthews – Exclusive to Zinc Investing News Current Market Climate After months of investor withdrawals and plummeting profits, RAB, a major hedge funds investment firm that focuses on natural resources, has announced plans to alter its fee structure in order to keep investors. The firm reports profit a decrease of more than 48 [...]
Overview Dajin Resources Corp. (“Dajin”) holds an option to purchase a 100% interest in fifteen (15) mineral claims covering 1,770 hectares of geological terrains that are prospective for zinc/lead deposits in the Ymir region in the Nelson Mining District of south eastern British Columbia. In addition, Dajin owns a 100% interest in twelve (12) claims [...]
By Daniella D’Alimonte At US$0.76 per pound, zinc has made a slight recovery over the last week after it dropped to an over two and a half year low of US$0.73 earlier this month. BHP Billiton Ltd., which currently sits at around US$58 per pound (NYSE PLC), has been in the news for some time [...]
The managing director of CBH Resources, Stephen Dennis, was quoted as saying: A new operating plan for its Endeavor mine in Cobar will put the company in the right position when there is a recovery in metal prices. For more information, click here To visit CBH resource’s website, click here
CBH Resources reported substantial increases in zinc production from its Endeavor operations. For full news, click here
Overview Tirex Resources is the first explorer to employ modern exploration techniques on the past producing 344 km² Mirdita District in Albania. This large VMS (Volcanogenic Massive Sulphide) District hosts 9 past producing mines, 17 known VMS deposits, and as defined by the first ever geophysical survey, 22 high priority exploration targets. This unique opportunity [...]
Thursday, October 16, 2008