U. S. Markets – FEB. 3-9
U. S. markets were buoyed during the five-day trading period ended Feb. 9, as the U. S. Senate reached a deal on a massive stimulus bill on Friday, Feb. 6. (It later approved the package in a vote of …
Articles by Northern Miner Staff
Agnico-Eagle, PotashCorp Scoop Up IR Awards
In a field dominated by the slicker sectors of the Canadian economy such as banking and hi-tech, the investor-relations efforts of a couple of mining companies came out on top at the IR Magazine Canad…
Lending Rates (February 16, 2009)
as of 9 a. m. ET. Feb. 10, 2009 (%) Bank of Canada 1.25 Target overnight rate 1.00 Canadian Prime 3.00 U. S. Discount Primary 0.50 U. S. Fed Funds market rate 0-0.25 U. S. Prime …
Athabasca Potash Pairs Up With SNC-Lavalin At Burr
Montreal-based engineering and consulting firm SNC-Lavalin Group (SNC-T, SNCAF-O), has been contracted by Athabasca Potash (API-T, ABHPF-O) to provide prefeasibility study services for the company’s B…
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.
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.
People (February 16, 2009)
ATW Gold — Graham Harris appointed chairman; David Stone appointed COO.
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…
Andean Resources Cuts High-Grade Gold In Argentina
VANCOUVER — Deep stepout drilling on the Eureka West vein has expanded the size of zones showing bonanza-grade gold for Andean Resources (AND-T, AND-A) at its Cerro Negro property in the province of …
‘Porkulus’ To Stoke Inflation
The financial world during the fifth trading week of the year was dominated by the haggling in Washington, D. C., over the size and content of the federal government’s unprecedentedly large stimulus b…
Tanzanian Royalty Strikes Deal With Kazakh Africa
Tanzanian Royalty Exploration Corp.’ s (TNX-T, TRE-X) shares climbed 5% to $4.39 per share following news it had signed an agreement with Kazakh Africa Mining involving its diamond licences in the Mwa…
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.