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Mining news: MOLYBDENUMDJ Thor Mining Holds The Executed Instrument Of TransferThor Mining PLC (THR.LN), a specialist metals company focused on advancing tungsten-molybdenum and uranium projects in the Northern Territory of Australia said Friday that it holds the executed instrument of transfer for the transfer of the Mining Title Dr Copper leaves gold gaspingnet inflows into specialist miners of copper, in particular, followed by molybdenum, zinc, aluminium, nickel, non-Asian coal stocks, oil sands, potash, and smaller iron ore names. Looking at two broad benchmarks, the world’s top 100 miners by value (USD Mohnish Pabrai Top Buys: Cresud Inc. (ADR) (CRESY), Wells Fargo & Company (WFC), Berkshire Hathaway Inc. (BRK-B), Teck Resources Limited ( USA) (TCK)copper metallurgical, coal, and zinc a significant producer of gold molybdenum and specialty metals with interests in several oil sands development assets. It also sells electrical power that is surplus to its requirements at the Trail metallurgical Mohnish Pabrai 1Q09 Top Buyscopper metallurgical, coal, and zinc a significant producer of gold molybdenum and specialty metals with interests in several oil sands development assets. It also sells electrical power that is surplus to its requirements at the Trail metallurgical Thompson Creek COO resignsTORONTO (miningweekly.com) ? Molybdenum miner said on Friday its COO, Ken Collison, has chosen not to relocate to Denver when the firm closes its Vancouver office, and will resign later this year after a successor has been appointed. ?Ken has agreed New molybdenum deposits found in BayankhongorExplorations by Erdene Resource Development Corp. of the Zuun Mod molybdenum/copper project have revealed 400-metre wide deposits of molybdenum in various locations at the site. Total output of molybdenum by 7 major mining companies in Q1 / 09 decreased by 20 pctArticles published on Metals Place less than 3 days ago are only available to subscribed users. To view this article, please log in, or register free. Alternatively, you are welcome to wait until it becomes available in the next 3 days. Antofagasta copper and molybdenum production inline, but revenues hit by lower commodity pricesThe vast majority of the group’s production comes from just three mines, Los Pelambres, El Tesoro and Michilla which produced 428,000 tonnes of copper in 2007 at an average cast cost of $0.316/pound. A fourth mine, Eperanza, is expected to produce Molybdenum production by Grupo Mexico in Jan. - Mar. 2009 quarterArticles published on Metals Place less than 3 days ago are only available to subscribed users. To view this article, please log in, or register free. Alternatively, you are welcome to wait until it becomes available in the next 3 days. J.P. Morgan says copper prices heading up in 2010Copper, molybdenum prices could track GDP growth up — Purchasing, 5/21/2009 7:18:00 AM While its appears that the world copper price average in 2009 will stay under $1.90/lb, down from $3.15/lb in 2008, the 2010 price is being forecasted at $2.09 by the JP Morgan Upgrades Freeport-McMoRan (FCX) to OverweightJP Morgan upgrades Freeport-McMoRan (NYSE: FCX) from Neutral to Overweight. Freeport-McMoRan Copper & Gold Inc. engages in the exploration, mining, and production of mineral resources. It primarily focuses on copper, gold, silver, cobalt, and molybdenum EMC Metals Corp.: Full Payment of Loan Received From Midway GoldVANCOUVER, BRITISH COLUMBIA–(Marketwire - May 19, 2009) - EMC Metals Corp. (TSX:EMC) (”the Company”) is pleased to announce receipt of $1,024,100.96 from Midway Gold Corp. as final and full payment of the Promissory Note dated November 12, 2008. In addition, EMC has issued 89,254 shares to a former consultant of Fury Explorations Ltd., a company acquired by EMC in August of 2008. About EMC Metals Corp. EMC Metals is a specialty metals and alloys company focusing on tungsten, molybdenum, vanadium, uranium and other specialty metals within North America. The Company’s flagship, Nevada based Springer Tungsten Project was constructed by the General Electric Company in 1980 and boasts a fully permitted 1,000 tpd mill facility. EMC is strategically positioned to leverage the benefits of strengthening tungsten market dynamics including diminished Chinese supply and significant growth in tungsten applications. EMC Metals acquired Springer in 2006 and has spent approximately $38 milli MINING PEOPLE IN THE NEWS: Avanti, Commander, Merc International, Potash One, Sola Resource and St AndrewRelated Items Companies Articles Avanti Mining of Vancouver has hired Thomas J. Gunthardt as project manager responsible for all technical aspects of the development of the Kitsault molybdenum in British Columbia. David Watkins has replaced William J. Ivanhoe Mines Announces Financial Results and Review of Operations for the First Quarter of 2009High-grade molybdenum and rhenium deposit discovered by subsidiary Ivanhoe Australia Amerigo Announces Q1-2009 Financial ResultsVANCOUVER, BRITISH COLUMBIA–(Marketwire - May 13, 2009) - Amerigo Resources Ltd. (TSX:ARG) (”Amerigo” or the “Company”) reported today results for the quarter ended March 31, 2009. Significant events are as follows: Key achievements In Q1-2009 the Company successfully faced very challenging working capital demands following the precipitous fall of copper and molybdenum prices in Q4-2008. Management was able to achieve the following: - Structured terms for the repayment of substantial negative copper and molybdenum pricing adjustments that occurred in Q4-2008; Avanti Mining Hires Thomas J. Gunthardt as Project Manager for Its Kitsault Molybdenum MineVANCOUVER, BRITISH COLUMBIA–(Marketwire - May 6, 2009) - Avanti Mining Inc. (TSX VENTURE:AVT) (”Avanti”) is pleased to announce it has hired Thomas J. Gunthardt as Project Manager responsible for managing all technical aspects of the development of its 100% owned Kitsault molybdenum mine, located in British Columbia. The mine is currently in the prefeasibility study (PFS) stage, which was launched last month. Wardrop Engineering, a Tetra Tech Company, is the manager of the PFS with major contributors being Knight Piesold (tailings and site water balance), SRK (resource audit, reclamation and ARD assessment) and Rescan (environmental base line studies and permitting). Tenajon Announces Moly Brook Zone Molybdenum ResourcesMoly Brook Zone Contains an Indicated Resource of 124.5 Million Pounds of Mo and an Inferred Resource of 38.6 Million Pounds of Mo at a 0.04% Mo Cut-off DJ UPDATE:Chile Codelco 1Q Copper Output 371,000MT Vs 347,000MT(Updates with comments on molybdenum output and the copper market) Copper output at Corporacion Nacional del Cobre de Chile, or Codelco, the world’s largest copper mining company, rose in the first quarter to 371,000 metric tons from 347,000 tons a year Moly Mines Reports Quarter ActivitiesTORONTO, ONTARIO–(Marketwire - April 30, 2009) - NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Moly Mines Limited (TSX:MOL)(ASX:MOL) is pleased to report the highlights from its Quarterly Activities report for the period ending March 31, 2009 available on SEDAR (www.sedar.com). Spinifex Ridge Molybdenum Moly Mines has completed an advanced engineering study (”Study”) on a smaller, start-up Spinifex Ridge Molybdenum Project. This has demonstrated a significantly reduced capital hurdle whilst maintaining attractive financial fundamentals. The highlights of the Study include: COPPER HEDGING: Taseko, Lundin lock in pricesRelated Items Companies Articles VANCOUVER Two Canadian copper producers have announced copper hedging programs in efforts to secure cash flow. Taseko Mines, operator of the Gibraltar copper-molybdenum mine at McLeese Lake, BC, has hedged 50% of planned |
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