Tahera Diamond finds interested party
Vancouver – CCAA-protected Tahera Diamond, the owner of the closed Jericho diamond mine in Nunavut, says it …
Articles by Northern Miner Staff
Iamgold to raise $300 million in equity offering
Iamgold (IMG-T, IAG-n) plans to raise C$300 million in an equity offering to help pay for the development of its ne…
Zambia wants Glencore to cough up two assets
The government of Zambia isn’t taking the consequences of falling metal prices lying down.
First Quantum earns US$45.9 million in 2008
Vancouver – Despite record copper production First Quantum Minerals (FM-T) managed to earn just US$45.9 million in …
The PDAC speech Don Coxe didn’t give
Due to a rare Parvo virus contracted on vacation in the Caribbean, Donald Coxe, founder and chairman of Coxe Adviso…
Rio Tinto sells Jacobs Ranch to Arch Coal
It looks like Rio Tinto’s (RTP-N, RIO-L) recent US$19-billion cash infusion from Chinese state-owned Aluminum Corp….
Vedanta buying Asarco for US$1.7B
Vancouver – Beleagured US copper giant Asarco has agreed to Vedanta Resources’ (VED-L) revised US$1.7 billion offer…
Canadian Royalties to renegotiate debentures
If market conditions don’t improve, Canadian Royalties (CZZ-T) might not have enough cash to pay interest on $137.5…
Policy changes in Zimbabwe lead New Dawn to restart development
New Dawn Mining (ND-T) plans to take its 100%-owned Turk mine in Zimbabwe out of care and maintenance and put it ba…
Good grades can’t lift Hana
The latest results from Hana Mining’s (HMG-V) Ghanzi copper and silver project in Botswana returned high grades, bu…
Lundin Loss Nears US$1B In 2008
VANCOUVER — Lundin Mining (LUN-T, LMC-N) lost almost US$1 billion in 2008 and now carries US$267 million in debt following the failure of a planned merger with HudBay Minerals (HBM-T, HBMFF-O), but t…
Lines Are Drawn In Battle For HudBay
VANCOUVER — After spending $460 million to acquire a nickel project that’s since been shelved and then attempting to take over Lundin Mining (LUN-T, LMC-N) in a deal that shareholders resoundingly re…