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Unearth Big Gains From The Commodity 'Supercycle'

Sat, 29 Nov 2008 15:41:00 GMT

Unearth Big Gains from the Commodity “Supercycle” The latest research from the Investment U Advisory Panel Friday, November 28, 2008: Issue #893 Consider that your computer could contain up to 38 separate chemical elements and that all of those elements needed to be mined and refined. Everything from cell phones to housing supplies requires massive amounts of raw materials. Our modern lifestyle encourages us to buy the latest products, all made with increasing amounts of technology - and more raw materials. But industrialized nations aren’t the only players clamoring for these commodities. Developing nations around the world are pounding the table for more of everything. They want what the industrialized west has had for years. And they want it now. [More...]

Copper Shines Like Investment Wisdom

Thu, 24 Jul 2008 17:35:00 GMT

Photo Author: Jonathan Zander (Digon3)[More...]

So Extremely Oversold

Tue, 08 Jul 2008 13:48:00 GMT

Good morning. Premarket futures are down along with overseas markets as continued concerns around the world over financials pressure sentiment. Like yesterday, oil prices are again under pressure while Bernanke makes the case for increased regulatory powers. Premarket...[More...]

Gloom & Doom

Fri, 27 Jun 2008 13:58:30 GMT

Good morning. Along with another new high in oil prices this morning, there's chatter that Merrill Lynch may incur additional write-downs while the Fed considers new options to help the banks.[More...]

Chasing Performance

Fri, 16 May 2008 15:55:17 GMT

Good morning. Premarket futures are showing continued positive sentiment as investors try to extend this week's already impressive gains. Over the past four days, the S&P 500 has climbed +2.5%, the Dow +1.9%, and the Nasdaq +3.6%. This will be the sixth w[More...]

The Worst Is Behind Us?

Mon, 07 Apr 2008 13:54:10 GMT

Good morning. Premarket futures are positive after Merrill Lynch said the worst of the credit markets' turmoil is now over and news that Washington Mutual (WM) is about to get a $5 billion capital influsion from investors. Also in focus is a proxy battle[More...]

Pre Markets - Mar 26 2008 9:43AM

Wed, 26 Mar 2008 13:37:38 GMT

Futures are trading...[More...]

Monday Morning - Nov 19 2007 10:21AM

Mon, 19 Nov 2007 14:16:00 GMT

Following Friday's surprising late-session rally, futures indicate a lower open for the mkt amid weakness in Asia, a downgrade of Citigroup (C) and a Q4 earnings warning from home improvement retailer Lowe's (LOW). Dow futures are currently ; Nasdaq futures are currently ; S&P futures are currently . Mkts in Asia closed lower after China's banking regulator told banks to cool loan growth that's already topped its target ceiling of 15% this year. Note, though, that the WSJ reported this morning that Chinese regulators have actually ordered China's commercial banks to freeze lending through the end of the year. In the financial sector, Goldman Sachs downgraded Citigroup to Sell, while cutting its price ests on a number of brokers, including MER, MS, LEH, BSC, JPM and ETFC. It's also worth noting that the Sunday Times reported over the weekend that Royal Bank of Scotland (RBS) CEO Fred Goodwin has been informally approached by Citigroup to become its new CEO. Lowe's reported mixed[More...]

A Little Good News

Tue, 13 Nov 2007 14:01:21 GMT

Good morning. Premarket futures point to at least a positive start following unexpected good news from Wal-Mart (WMT) which reported better than expected earnings and guidance above estimates. Not a lot of good news is expected this week, so that news has helped lift depressed spirits a bit this morning. Overseas markets were mixed and gold and oil have continued their pullbacks. Premarket gainers: NKTR, FOSL, JRJC, BIDZ, FSLR,...[More...]

Pre-Market - Nov 12 2007 11:46AM

Mon, 12 Nov 2007 15:41:05 GMT

Following a large sell-off Friday where the major averages closed at their lows, futures indicate a flat open for the mkt despite continued rumors for more write-downs in the financial sector. Both WSJ and the Times of London reported HSBC (HBC) is expected to announce a write-down this week on its portfolio of high-risk subprime mortgages in the U.S. WSJ quoted two analysts from Lehman Brothers who said the co may have to boost its reserves by as much as $2.4 bln. It's also worth mentioning a Bloomberg report this morning that said Goldman Sachs (GS) held a bigger proportion of hard-to-value assets at the end of Q3 than Citigroup and Merrill Lynch, two of the cos hardest hit by subprime mortgage losses. In addition, E*Trade (ETFC) announced it had observed continued declines in the fair value of its $3.0 bln asset-backed securities portfolio, predominantly within ABS CDO and second-lien securities. The co stated that it expected the declines in fair value to result in further securiti[More...]

Business This Week - May 4 2009 1:55AM

Mon, 04 May 2009 05:50:00 GMT

THIS WEEK sees the release of the new Finance Bill for 2009, but commentators do not expect much improvement on the budgetary front.
Results : Qiagen; Estee Lauder.
Indicators : EU Commission publishes economic forecasts; US construction spending (Mar) and pending home sales (Mar); Italian PPI (Mar).

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TSX Venture Exchange Daily Bulletins - Apr 7 2009 6:52PM

Tue, 07 Apr 2009 22:47:00 GMT

VANCOUVER, April 7 /CNW/ -
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s).
Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

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Exploration: Shifting From High Times to Low Expectations

Thu, 01 Jan 2009 07:49:00 GMT

Although a number of drilling services companies recorded record levels of business throughout most of 2008, the sudden collapse of base metal prices during the fourth quarter forced them to end the year focused on cost-cutting.
For the mining industry-with apologies to poet T.S. Eliot-2008 ended not with a bang, but with a shudder.
A quick unravelling of commodity prices, disappearance of credit sources for juniors and a mass exodus of investors has put most mining companies in a position that traditionally spells trouble for mineral exploration funding and activity.

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Lundin Mining Releases 2009 Second Quarter Results

Thu, 06 Aug 2009 13:55:00 GMT

Lundin Mining Corporation ("Lundin Mining" or the "Company") (TSX: LUN)(OMX: LUMI) today reported unaudited net income for the quarter of $43.5 million, or $0.08 per share.
Cash flow from operations during the quarter was $63.7 million, compared to $118.3 million in the second quarter of 2008.
US $ millions, Three months Six months except earnings per share ended June 30 ended June 30 2009 2008 2009 2008 -------------------------------------------------------------------------- Sales 194.8 294.1 318.2 599.8 Operating earnings(1) 91.0 137.2 129.2 320.1 Income from continuing operations 43.5 96.6 29.3 177.9 Net income (loss) 43.5 (108.4) 34.9 (29.6)

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Lundin Mining Releases 2009 First Quarter Results

Thu, 07 May 2009 13:48:00 GMT

Lundin Mining Corporation ("Lundin Mining" or the "Company") (TSX: LUN)(OMX: LUMI) today reported an unaudited net loss for the quarter of $8.6 million, or $0.02 per share.
Cash flow from operations for the quarter was a cash outflow of $63.3 million, compared to a small inflow of $3.5 million in the first quarter of 2008.
January - March US $ millions, except earnings per share 2009 2008 -------------------------------------------------------------------------- Sales 123.4 305.7 Operating earnings (1) 38.2 182.9 Net (loss) earnings before discontinued operations (14.2) 81.3 Net (loss) earnings (8.6) 78.8 Basic and diluted (loss) earnings per share: From continuing operations (0.03) 0.21 From discontinued operations 0.01 (0.01) -------------------------------------------------------------------------- Basic and diluted (loss) earnings per share (0.02) 0.20 -------------------------------------------------------------------------- Cash flow from operations (63.3) 3.5 -------------------------------------------------------------------------- 1) Operating earnings is a Non-GAAP measure defined as sales, less operating costs, accretion of asset retirement obligation ("ARO") and other provisions, selling, general and administration costs and stock-based compensation.

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Lundin Mining Corporation: First Copper Produced at Tenke Fungurume

Tue, 31 Mar 2009 13:26:00 GMT

TORONTO, ONTARIO -- -- 03/31/09 -- Lundin Mining Corporation is pleased to announce that the first copper cathode has been produced by the world class Tenke Fungurume copper/cobalt project in the Democratic Republic of Congo . Lundin Mining holds a 24.75% equity interest in the project.[More...]

Lundin Mining Announces Year End 2008 Reserve and Resource Estimate

Mon, 30 Mar 2009 13:27:00 GMT

- Lundin Mining Corporation today released its Mineral Reserve and Resource estimates as at December 31, 2008. Significant features of this release include: replacement of mined reserves at the two key operations of Neves-Corvo and Zinkgruvan; an initial copper reserve at Zinkgruvan; and large increases in zinc reserves and resources at Neves-Corvo.[More...]

Lundin Mining Announces Year End 2008 Reserve and Resource Estimate

Mon, 30 Mar 2009 13:25:00 GMT

TORONTO, ONTARIO -- -- 03/30/09 -- Lundin Mining Corporation today released its Mineral Reserve and Resource estimates as at December 31, 2008. Significant features of this release include: replacement of mined reserves at the two key operations of Neves-Corvo and Zinkgruvan; an initial copper reserve at Zinkgruvan; and large increases in zinc reserves and resources at Neves-Corvo.[More...]

Lundin Mining Announces Intention to Voluntarily Delist Its Common Shares From the NYSE

Fri, 13 Mar 2009 21:14:00 GMT

TORONTO, ONTARIO -- -- 03/13/09 -- Lundin Mining Corporation today announced its intention to voluntarily delist its common shares from the New York Stock Exchange . The Company's common shares will continue to trade on the Toronto Stock Exchange and the Swedish Depositary Receipts representing the Company's common shares will continue to trade on the Nordic OMX Exchange .[More...]

Lundin Mining Releases 2008 Fourth Quarter Results

Thu, 26 Feb 2009 13:26:00 GMT

- Lundin Mining Corporation today reported a net loss, before discontinued operations and impairment charges, of $131.9 million for the fourth quarter of 2008. Cash flow of $46.5 million was generated from operations during the quarter. Fourth quarter earnings were affected by after-tax, non-cash impairment charges of $576.0 million, a net loss from discontinued operations of $20.6 million and negative pricing adjustments relating to prior quarters of $94.3 million, a result of the sharp fall in metal prices. The net loss for the quarter was $728.5 million, or $1.77 per share.[More...]

Lundin Mining Releases 2008 Fourth Quarter Results

Thu, 26 Feb 2009 13:25:00 GMT

TORONTO, ONTARIO -- -- 02/26/09 -- Lundin Mining Corporation today reported a net loss, before discontinued operations and impairment charges, of $131.9 million for the fourth quarter of 2008. Cash flow of $46.5 million was generated from operations during the quarter. Fourth quarter earnings were affected by after-tax, non-cash impairment charges of $576.0 million, a net loss from discontinued operations of $20.6 million and negative pricing adjustments relating to prior quarters of $94.3 million, a result of the sharp fall in metal prices. The net loss for the quarter was $728.5 million, or $1.77 per share.[More...]

Lundin Mining to Release Fourth Quarter and Year End Audited Financial Report Thursday February 26, 2009

Tue, 24 Feb 2009 20:26:00 GMT

TORONTO, ONTARIO -- -- 02/24/09 -- Lundin Mining Corporation announces that the report for the fourth quarter and the year end 2008 audited financial statements will be published February 26, 2009. The report will be published around 15:30 CET February 26, 2009.[More...]

Lundin Mining and HudBay Agree to Terminate Arrangement Agreement

Mon, 23 Feb 2009 22:56:00 GMT

TORONTO, ONTARIO -- -- 02/23/09 -- Lundin Mining Corporation announced today that it has entered into an agreement with HudBay Minerals Inc. whereby the companies have agreed to terminate the previously announced arrangement agreement dated November 21, 2008 , pursuant to which HudBay agreed to acquire all of the outstanding shares of Lundin Mining subject to the satisfaction of certain conditions .[More...]