Cardero offered US$200M for Pampa de Pongo
Vancouver — In the midst of a flurry of questions about slowing Chinese metal consumption, Cardero Resource (CDU-T, CDY-x) saw its share price jump almost 30% on news that a Chinese group wants to bu…
Articles by Northern Miner Staff
Jinshan hitting gold in China’s Gansu province
Not only is Jinshan Gold Mines (JIN-T, JINFF-o) one of just a handful of foreign mining companies producing gold in China, but the Canadian junior also has some good exploration prospects.
African Gold teams up with Newmont in Ghana
African Gold Group (AGG-V, AGGFF-o)is joining hands with Newmont Mining (NMC-T, NEM-n) to develop its Mankranho gold project in Ghana.
INTERNATIONAL QUOTES (November 03, 2008)
Australia (A$) Oct 28 Oct 21 Change Bendigo Mining 0.11 0.13 -0.02 Kingsgate Cons. 2.31 3.51 -1.20 Lion Selection Ltd 1.20 1.30 -0.10 Newcrest Mining 17.71 22.37 -4.66 …
EXCHANGE RATES (November 03, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Oct. 27 Oct. 24 Oct. 23 Oct. 22 Oct. 21 US$ in C$ 1.2930 1.2732 1.2573 1.2499 1.2202 C$ in US$ 0.7734 0.7854 0.7954 0.8001 0…
LENDING RATES (November 03, 2008)
as of 9 a. m. ET, Oct. 28, 2008 (%) Bank of Canada 2.75 Target overnight rate 2.25 Canadian Prime 4.25 U. S. Discount Primary 1.75 U. S. Fed Funds market rate 1.50 U. S. Prime …
First Nickel, FNX add to mine closure list
In the wake of crumbling nickel prices and mine closures, development has been temporarily suspended at a string of nickel projects, among them, First Nickel’s (FNI-T, FNKLF-o) Lockerby mine and FNX M…
Belvedere suspends development at Hitura
Plunging nickel prices have forced Belvedere Resources (BEL-V, BLVDF-o) to suspend operations at its Hitura nickel mine, in Finland.
DIVIDENDS (November 03, 2008)
Note: Vale will pay $0.52* on common and pr sh in two instlmnts on Apr 30 and Oct 31. Alcoa will pay its quarterly div…
Augusta advances Rosemont copper project (November 03, 2008)
Augusta Resource (AZC-T, AZC-x) has improved metallurgy and discovered a new mixed oxide-sulphide zone at its Rosemont open-pit copper-molybdenum-silver project in southern Arizona.
NEMI and Aviva to merge (November 03, 2008)
Vancouver — NEMI Northern Energy & Mining (NNE. A-V, NNEMF-o),and Australian-listed Aviva (AVA-a) are merging to create a growth-oriented international coal and energy group.
CANADIAN GOLD MUTUAL FUNDS (November 03, 2008)
Featured Fund: Altamira precious & Strategic Metals, as of 07/31/08 (in weighted order): Goldcorp, Barrick Gold, Kinross Gold, Agnico-Eagle Mines, Yamana Gold, Franco-Nevada, Newmont Mining, Compa…