Vale, Union, Dig In Their Heels
The head of the United Steelworkers for Ontario and the Atlantic provinces says it could be four or five months before Vale (VALE-N) and the union representing striking workers in Sudbury and Port Col…
Articles by Northern Miner Staff
Chinese Miner Makes Hostile Bid For Canadian Royalties
China’s appetite for natural resources has turned aggressive with an unsolicited takeover bid for nickel development company Canadian Royalties (CZZ-T, CRYAF-O).
More Kimberlites For Peregrine At Chidliak
Peregrine Diamonds (PGD-T, PGDIF-O) has found four more kimberlite bodies — three of them exposed at surface– on its 9,800-sq.-km Chidliak property on Baffin Island in Nunavut.
Thompson Creek Dusts Off Endako Plans
VANCOUVER — As the price of molybdenum shows ever stronger signs of life, Thompson Creek Metals (TCM-T, TC-N) has emerged from cash conservation mode to put a major moly expansion project back on the…
Mining Sector Heats Up In DRC
The dog days of August haven’t slowed down the pace of mining deals in mineral-rich Democratic Republic of the Congo (DRC).
Iron Ore Contract Settlement Prices Down For BHP Billiton
BHP Billiton (BHP-N, BLT-L) has concluded iron ore price negotiations for the 2009 contract year with a number of its customers. Prices for iron ore fines are about 33% lower than contract prices agre…
People (August 17, 2009)
Apoquindo Minerals — Bruce Turner appointed president and CEO; Alvaro Fernandez Baca appointed GM for Peruvian subsidiary Minera KoriTambo; Cesar Lopez appointed VP of legal, business development and…
Dividends (August 17, 2009)
Note:Vale will pay $0.4795 for common and preferred class A shares on Oct 30. Russia’s Norilsk Nickel plans to pay a dividend of more than 25% its net profit for the first half of 2009. Alcoa will pay…
Capstone Reports Strong Q2 Production, Tougher Q3 Ahead
VANCOUVER — Despite lower grades milled at its Minto mine, Capstone Mining (CS-T, CSFFF-O) managed to hold fast on copper production in the second quarter of 2009 even as it came off record copper pr…
Nevsun Gets US$235M Credit Approvals For Bisha
VANCOUVER — Nevsun Resources (NSU-T, NSU-X) appears to have cleared a major hurdle on the way to financing the Bisha poly-metallic project in Eritrea. Nevsun says lenders have given it all necessary …
Keegan Jumps On Deep Gold At Esaase
VANCOUVER– The first four holes of the 2009 program at Keegan Resources’ (KGN-T, KGN-X) Esaase project in southwestern Ghana all hit strong gold mineralization below the defined resource and the news…
Positive Scoping Study For Inter-Citic’s Dachang
A scoping study for the Dachang gold project in China’s western Qinghai province estimates gold production averaging more than 165,000 oz. a year, Inter-Citic Minerals (ICI-T, ICMTF-O) reports.