Sacked CEO Fights To Replace Polar Star Board
Polar Star Mining’s (PSR-V, POSRF-O), ex-president and CEO Douglas Willock is rallying shareholders to help him replace the company’s board of directors — namely, executive chairman Stephen G. Roman.
Articles by Northern Miner Staff
Golden Hope Hits New Mineralization
Assay results from Golden Hope Mines (GNH-V, GOLHF-O)’ Bellechasse property confirm the company has hit upon a second mineralized body at its Quebec gold project.
Xstrata Chops Jobs, Output In Sudbury
Continued low nickel prices are forcing Xstrata (XSRAF-O, XTA-L) subsidiary Xstrata Nickel to accelerate the downsizing of its nickel mining and milling assets in Ontario’s Sudbury basin.
Orex Adds Zones At Goldboro
Strong results from Orex Exploration’s (OX-V) drilling in Nova Scotia helped secure the Rouyn- Noranda, Que.-based junior some market momentum.
Forsys Grows Valencia
Forsys Metals (FSY-T, FOSYF-O) continues to grow the Valencia uranium deposit in Namibia, even though the project will not likely be under its control for much longer.
International Quotes (February 16, 2009)
Australia (A$) Feb 10 Feb 3 Change Bendigo Mining 0.17 0.18 -0.01 Kingsgate Cons. 3.59 3.72 -0.13 Lion Selection Ltd 0.66 0.67 -0.01 Newcrest Mining 32.00 30.00 2.00 …
Rio Tinto Sells More Assets To Pare US$37B Debt
Rio Tinto (RTP-N, RIO-L) continues to hack away at its immense debt load with sales to Vale (RIO-N) of its undeveloped potash assets in Argentina and Canada and an iron ore mine in Brazil for US$1.6 b…
People (February 16, 2009)
ATW Gold — Graham Harris appointed chairman; David Stone appointed COO.
Mesquite Mine Back In The Saddle
With one year of operations at the past-producing Mesquite gold mine under its belt, Western Goldfields (WGI-T, WGW-X) reports it churned out 110,410 oz. gold for 2008, just short of the 117,000 oz. g…
Exeter Cuts Lengthy Low-Grade Gold At Caspiche
Exeter Resource( XRC-V, XRA-X) has reported drilling results from its Caspiche gold-copper and Cerro Moro gold-silver projects, in South America.
World Crude Steel Production Falls 1.2%
World production of crude steel fell 1.2% between 2007 and 2008, with production weighing in at 1.33 billion metric tonnes last year, according to a report released by the World Steel Association.
Vale Builds Its Fleet — Spends US$171M On New Tugboats And Barges
Brazilian mining giant Vale (RIO-N) has signed a contract with three major Brazilian shipyards worth US$171.1 million, to build up the company’s fleet.