Stans Energy acquires mining licence
Stans Energy Corp. (TSX VENTURE:RUU) announced that the company has acquired a mining licence for the former producing Rare Earth Elements (REEs) mine, Kutessay II, in Kyrgyzstan.
Archive for 2009
Geodex Minerals update
Geodex Minerals Ltd. (TSX VENTURE:GXM)(PINK SHEETS:GXMLF)(FRANKFURT:G2W) announced that Teck Resources Limited has not elected to exercise its option to acquire an interest in Geodex’s Mount Pleasant West Project in New Brunswick.
Adex Mining reports Mount Pleasant North Zone results
Adex Mining Inc.(TSX VENTURE:ADE) reported the results of a new Preliminary Assessment (“PA”) on its 100% owned Mount Pleasant Mine Property located in southwestern New Brunswick, Canada.
Avalon Rare Metals updates on Thor Lake Project
Avalon Rare Metals Inc. (TSX:AVL)(OTCQX:AVARF)updated on the advancement of the prefeasibility study on the Nechalacho rare earth elements deposit at the Thor Lake Project, NWT and a progress report on the East Kemptville Tin-Indium project in Nova Scotia.
Cadbury Cans Its Roses, Tin In Epicentre
Cadbury has abandoned its tin cans for cardboard boxes, in an attempt to go green this Christmas. Could this prove to be the death knell for the tin industry?
Rising Metal Prices Puts Mine On Track
Tin mining is to make a triumphant return to Cornwall as part of a landmark scheme which will create 1,000 new jobs and see vast swathes of land turned over to housing and employment. Western United Mines has sealed a deal that will bring mining operations back to life.
Tin Trades Trudge On
One investor seems to be buying up most of the tin traded on the LME. Sparking unease among traders, several questions are doing the rounds – are the prices being pushed up artificially? Why the big position? Who benefits?
Defeated ArcelorMittal Lowers Tin Price
Following major criticism over the increase of its tin-plate prices, which were adjusted yearly by 69% to 78%, ArcelorMittal South Africa (ACLJ.J)
has toned down prices. The decision was welcomed by the packaging industry. But tin prices have yet to respond significantly to the fresh supply problems in Indonesia, which may be partly due to the strong recovery in Chinese production.
Illegal Mining Hurts Tin
A police crackdown on illegal tin mining in Indonesia, including in Bangka-Belitung islands, has cut ore supplies. Analysts maintain the current crack down may not be as severe as the one in 2006, which halted tin production at small smelters for months, mainly because the government has tightened tin export rules. Moreover, PT Timah Tbk and PT Koba Tin, a unit of Malaysian Smelting Corp, were not affected by the crackdown.
Firms Merge/Split: Raise Money
Australia’s Metals X and China’s Yunnan Tin Group have announced that they had signed a Heads of Agreement to form a joint venture to control the MLX’s Tasmanian tin assets. Meanwhile, Cadillac Ventures Inc, a junior Toronto mineral developer, says it has failed to reach a final agreement with Latin American Minerals Inc on the Tendal VMS zinc, lead and copper project in Argentina and has decided to scrap talks. Australian tin exploration company Consolidated Tin Mines Limited is to undertake a placement of 10 million shares to raise A$1million.
