Archive for February, 2009

Final quarter may see price moving up

The outlook for base metal prices may improve in the final quarter of this year because governments’ stimulus measures will have had some time to take effect. For full story, click here

Slowdown to effect market

Slowdown in China’s imports of major base metals would continue to remain a cause for concern in the base metals market. For full story, click here

Icon needs money for mining business

Icon wants to get into the tungsten mining business as soon as possible. It certainly needs to get its hands on money, as it recorded an end-of-quarter cash balance of $53,000. For full story, click here

The effect of $787 billion fiscal stimulus plan

The $787 billion fiscal stimulus plan inched its way through the legislative process and will be ready for presidential sign-off this week but it has already been eclipsed by concern as to what the U.S. government is going to do to recapitaliseits banks. For full story, click here

Victoria and Strata Announces Business Combination

The rationale for the acquisition is StrataGold’s Dublin Gulch Eagle Zone Deposit, but it is yet to assess the full development potential of their assets in Guyana and there has been significant interest in the Mar-Tungsten Deposit by Chinese interests. For full story, click here

Positive outlook for demand

Base metals will continue to remain upbeat on positive outlook for investment in infrastructure and consumer durables, the two major users of base metals. For full story, click here