SPOT PRICES (July 21, 2008)
COURTESY OF SCOTIABANK
Articles by Northern Miner Staff
PEOPLE (July 21, 2008)
Abacus Mining & Exploration– Victor Lazarovici appointed a director.
LME WAREHOUSE LEVELS (July 21, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 15, 2008 (change from July 8 in brackets):
Nevada Geothermal Power borrowing US$145M for generating plant
Nevada Geothermal Power (NGP-V, NGLPF-O) is planning to borrow US$145 million from a banking syndicate led by Morgan Stanley (MS-N) and Glitnir Capital to build a geothermal power plant at Blue Mounta…
TORONTO STOCK EXCHANGE JULY 8-14
The July 8-14 trading period saw the TSX Composite Index inch higher after last period’s tough losses. The index finished at 13,741.29, up 28.49 points.
TSX VENTURE EXCHANGE JULY 8-14
The July 8-14 trading session was not particularly kind to the S&P-TSX Venture Composite Index — the board lost 100.03 points over the week to close at 2,378.34. The summer trading doldrums were …
U. S. MARKETS JULY 8-14
It was another chilling week for the U. S. markets as Treasury Secretary Henry Paulson and his team scrambled to come up with a rescue plan for troubled housing giants Fannie Mae and Freddie Mac. Fann…
Taseko spends $100M on Gibraltar mine equipment
Vancouver-based Taseko Mines (TKO-T, TGB-X) has purchased $100 million worth of mining and milling equipment from Bucyrus International (BUCY-N).
AMEC hired as engineering team for Afton/Ajax project
Vancouver-based Abacus Mining & Exploration (AME-V) has hired AMEC Americas to build an updated mineral resource model and carry out the necessary engineering work at the company’s Afton- Ajax pro…
Editorial: Good news for US miners in Ninth Circuit
During the week ended July 12, the 28th trading week of 2008, miners active in the western U. S. soaked in a rare bit of good news from the U. S. court system.
METALS COMMENTARY (July 21, 2008)
In the next 12 months, Citigroup Global Markets thinks Alcoa is going to move to US$50 per share from US$32.78 on the back of stronger aluminum prices.
Boreal plan could be bad news for miners
Mining, forestry and all other kinds of development will be banned from nearly half of Ontario’s northern boreal region, the Ontario Liberal government has announced.