Wallbridge inks deal with Vale Inco and Xstrata Nickel
Wallbridge Mining (WM-T, WLBMF-O) is teaming up with heavyweight nickel producers Vale Inco and Xstrata Nickel in a joint venture to find the next big deposit in the Sudbury mining camp.
Articles by Northern Miner Staff
Valencia upgrades Cachinal resourcce
A review of different scenarios, metal prices, designs and operating cost assumptions based on a new resource estimate for the Cachinal silver project in Chile, indicates a “reasonable prospect” for a…
DAILY METAL PRICES (April 07, 2008)
Date March 31 March 28 March 27 March 26 March 25 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 2690/2750 2750/2800 2646/2700 2581/2640 2…
NORTH AMERICAN STOCK EXCHANGE INDICES (April 07, 2008)
52-week Date March 31 March 28 March 27 March 26 March 25 High Low S&P/TSX-Ven Comp 2517.56 2526.49 2521.09 2527.54 2529.53 3372.00 2340.21 TSX Composite 13350.13 13233.79 1340…
Axmin builds Passendro resource
Axmin (AXM-V, AXMIF-O) has been drilling non-stop at its Passendro gold project in the Central African Republic since the beginning of 2005 and its efforts are starting to pay off with a 17% boost in …
Looming Vale-Xstrata mega-merger shelved — for now
The thirteenth trading week of 2008, ending March 29, saw resource stocks adjust to wildly fluctuating bullion and financial markets as investors jumped around looking for safety and a hedge against U…
People (April 07, 2008)
Alcoa– Donna Dabney appointed VP.
U. S. MARKETS MARCH 25-31
Signs that the credit market crisis may finally be unwinding buoyed markets in the U. S. over the March 25-31 trading session. With the companies hit hardest by the crisis beginning to see better fina…
LME WAREHOUSE LEVELS (April 07, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 1, 2008 (change from March 11 in brackets):
TSX VENTURE EXCHANGE MARCH 25-31
After a few tumultuous weeks, the S&P-TSX Venture Composite Index managed to post a gain in the final week of March, rising 35.81 points over the March 25-31 trading session to close at 2,617.56. …
LENDING RATES (April 07, 2008)
as of 9 a. m. ET, April 1, 2008 (%) Bank of Canada 3.75 Target overnight rate 3.50 Canadian Prime 5.25 U. S. Discount Primary 2.50 U. S. Fed Funds market rate 2.25 U. S. Prime …
Miners give Ontario budget thumbs up
Tax cuts, government spending and investment could herald a good year for the province’s mining industry in light of Ontario’s 2008 budget.