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EDM Resources Inc V.EDM

Alternate Symbol(s):  SWNLF

EDM Resources Inc. is a Canadian exploration and mining company that has full ownership of the Scotia Mine and related facilities near Halifax, Nova Scotia. Through its wholly owned subsidiary, it also holds several prospective exploration licenses near its Scotia Mine and in the surrounding regions of Nova Scotia. The properties are comprised of exploration licenses and a mineral property lease that provides for zinc and lead exploration and development. The Scotia Mine is located approximately 62 kilometers (km) northeast of Halifax, Nova Scotia, in the Halifax Regional Municipality. The Project consists of about 648 hectares (ha) of mineral rights in the form of three contiguous mineral leases. It also holds five exploration licenses covering 41 claims in the immediate vicinity of the Scotia Mine Deposit. Its Eastville Prospect is an undeveloped zinc-lead exploration prospect. Its Carrolls Farm and Carrolls Corner Prospects are hosted within the Gays River Formation.


TSXV:EDM - Post by User

Bullboard Posts
Comment by JoeBloon Mar 06, 2008 4:08pm
220 Views
Post# 14610071

RE: Chihong sees China 2008 zinc output slowing

RE: Chihong sees China 2008 zinc output slowingIts not clear if the comment is with respect to ore concentrate or to refined metal. In either case, my guess is that production will be dropping - not because of reduced demand - but because energy costs are rising. And this rise in the cost of energy is not only due to inflation but its also likely due to a reduction in government subsidies. This is positive for mines outside of China, who are paying the full cost of energy. However, consumers will ultimately wind up paying more for goods as the cost of commodities rises.
Bullboard Posts