Capex spending spree waning
Sales of operating equipment could be cut in half over the next two years as mining companies concentrate on capital preservation, working capital and share buybacks, according to a new report from Ci…
Articles by Northern Miner Staff
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Nov. 30-Dec. 1 Hard Assets San Francisco ’08 — San Francisco Tel. 800-282-7469 Website: www.iiconf.com
Apoquindo copper chiefs see near-term production
SITE VISIT Antofagasta, Chile — The word apoquindo means “meeting of the chiefs.” It’s an appropriate name for a company chaired by the former head of the world’s biggest copper…
Colossus Minerals digs in at Serra Pelada
SITE VISIT Carajas, Brazil — Old photographs of the most spectacular gold rush in recent history show tens of thousands of artisanal miners called garimpeiros clawing away at the mud…
Rare Earths Shortage Looming?
The key metals needed for hybrid cars, flat-screen TVs and energy-efficient lighting could be in short supply in a few years’ time if rare earth element mines aren’t developed outside of China, some i…
Lundin Sees One-Two Punch In Q3
Vancouver– Deteriorating metal prices have forced Lundin Mining (LUN-T, LMC-n) to put one mine on care and maintenance, consider closing another early, and shift production at a third to copper from …
Teck Wrestles With US$10B Debt
Vancouver — For the last few years, Teck (TCK. B-T, TCK-n) has been a reliable, dividend-paying investment option, a major mining company regularly recording substantial profits by cashing in on stro…
Apex Silver Forced Into Fire Sale Of San Cristobal
Apex Silver Mines (SIL-x) has been forced to sell its 65% stake in the massive San Cristobal zinc and silver mine to its minority partner, Japan-based Sumitomo Corp. (SSUMY-o) for US$22.5 million.
NORTH AMERICAN STOCK EXCHANGE INDICES (November 24, 2008)
52-week Date Nov. 17 Nov. 14 Nov. 13 Nov. 12 Nov. 11 High Low S&P/TSX-Ven Comp 785.79 801.61 813.59 822.50 872.33 2941.52 783.64 TSX Composite 8795.45 9055.96 9352.78 8922.57…
TSX VENTURE SHORT POSITIONS (November 24, 2008)
Short positions outstanding at Oct. 31/08 (with changes from Oct. 15/08).
Geologix grows San Agustin
Vancouver–A new resource estimate for the San Agustin polymetallic property in Durango, Mexico, has doubled the project’s indicated resource and added 74% to its inferred count for owner Geologix Exp…
TSX SHORT POSITIONS (November 24, 2008)
Short positions outstanding at Oct. 31/08 (with changes from Oct. 15/08).