New challenges for Northern Dynasty’s Pebble Mine in Alaska, and the environmental impacts on the largest remaining Sockeye Salmon fishery. If the project makes it through the permitting process, Zale Corp. and twenty other jewelry companies are calling for a boycott of metals from the project. Also, BC miner Roca Mines Inc. has received an ‘Award for Mining and Sustainability’ from the provincial government for its MAX Molybdenum Mine.
The Kitsault Molybdenum Mine - owned 100% by Avanti Kitsault Mine Ltd (CVE:AVT), is a former producing mine (total production during two prior periods was approximately 30 million pounds of moly) and is considered one of the top-five undeveloped primary molybdenum assets worldwide.
Despite the recent optimism across the metals sector, molybdenum prices are continuing on a downward trend. Last week, sluggish demand and high stockpiles caused European ferromolybdenum prices to drop below US $21 per kg. US market prices also slid.
Creston Moly Corp. reported that it has filed on Sedar a 43-101 compliant titled “NI 43-101 Technical Report, Creston Project, Pre-Feasibility Study, Sonora, Mexico, Volume 1. For full story, click here
Tuesday, April 13, 2010