Glencore Offers Rare Look Into Its Financials
One of the more unexpected consequences of the upheaval caused by last year’s near financial meltdown is the increased transparency it has encouraged in the notoriously secretive Glencore Internationa…
Articles by Northern Miner Staff
Star Shines For Shore Gold
VANCOUVER — A positive prefeasibilty study from Shore Gold (SGF-T) just brought the dream of another diamond mine in Canada one step closer to reality.
Nanjinzhao’s Payment For Cardero’s Pampa De Pongo Delayed, Again
VANCOUVER — Nanjinzhao has missed an Aug. 19 deadline to show Cardero Resources (CDU-T, CDY-X) a bank guarantee for the US$88-million balance of its US$100-million purchase of the Pampa de Pongo iron…
Canadian Royalties Rejects Jien’s Hostile Bid
Canadian Royalties (CZZ-T, CRYAF-O), operator of the delayed Nunavik nickel project in northern Quebec, has told its share and debenture holders to reject a hostile takeover offer by Jien Canada Minin…
Letter to the editor: Groia’s NI 43-101 Proposal Would Paralyze Industry
I read with astonishment the commentary “NI 43-101 gives false sense of security” ( T. N. M., Aug. 31-Sept. 6/09). While largely correct, in fact the recommendations for yet more rigid supervision of …
LME Warehouse Levels (September 07, 2009)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, September 1, 2009 (change from August 25 in brackets):
Producer And Dealer Prices (September 07, 2009)
Antimony: Mid-mkt US$4,950/t.
Daily Metal Prices (September 07, 2009)
Date Aug. 31 Aug. 28 Aug. 27 Aug. 26 Aug. 25 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy Holiday 1720/1750 1680/1710 1695/1760 1690/172…
Exchange Rates (September 07, 2009)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Aug. 31 Aug. 28 Aug. 27 Aug. 26 Aug. 25 US$ in C$ 1.0967 1.0879 1.0960 1.0991 1.0782 C$ in US$ 0.9118 0.9192 0.9124 0.9098 0…
Dividends (September 07, 2009)
Note: Vale will pay $0.4795 for common and prf class A shares on Oct 30. Norilsk Nickel plans to pay div of more than 25% of net profit H1 2009. Alcoa will pay US93.75 cents per share on its US$3.75 c…
Medusa Ramps Up Low-Cost Co-O Mine In Philippines
While Medusa Mining (MML-A, MML-L) is focused solely on Mindanao in the southern Philippines, its Co-O mine on the island’s eastern end has proven to be so bountiful that the company is rapidly transforming itself into a profitable,…
Russia-Mongolia Deal Could Leave Khan Out In The Cold
A visit to Ulaanbaatar by Russian President Dmitri Medvedev has sealed a deal between Russia and Mongolia on uranium mining, leaving the status of Torontobased Khan Resources (KRI-T, KHRIF-O) up in the air.While rumours about a Russian and…