Correction (March 10, 2008)
As part of Barrick Gold’s (ABX-T, ABX-N) US$1.7-billlion agreement to purchase Rio Tinto’s (RTP-N) 40% interest in the Cortez joint venture in Nevada, there is a further lump-sum payment of US$50 mill…
Articles by Northern Miner Staff
Western Uranium tables Kings Valley resource
VANCOUVER — An initial resource estimate for Western Uranium’s (WUC-V, WURNF-O)Kings Valley project in northwestern Nevada reviews roughly 4.8 million contained pounds U3O8 hosted in three zones.
Report examines growth of China’s steel industry
A report on the Chinese steel industry, detailing the first three quarters of 2007, is now available from Dublin, Ireland-based research firm Research and Markets.
LME WAREHOUSE LEVELS (March 10, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 4, 2008 (change from Feb. 26 in brackets):
Canadian Arrow says Kenbridge economic
The average cost to produce a pound of nickel at the Kenbridge nickel project in northwestern Ontario, net of byproduct credits for copper, will be about C$4.89 per lb. — well below nickel’s current …
Black Pearl eyes production at Timmins
The Timmins gold property in the southern Abitibi greenstone belt of northern Ontario is “a potential company maker,” says Judy Baker, president of Black Pearl Minerals (BLK-V, BPMCF-O).
TSX SHORT POSITIONS (March 10, 2008)
Short positions outstanding at Feb. 15/08 (with changes from Jan. 30/08).
Magellan hits more Brazilian gold
If results from its next 24 drill holes are as promising as assays from its first four, Magellan Minerals (MNM-V) will be the next hot name on the junior exploration circuit.
Hathor drills hit high-grade uranium
VANCOUVER — After its stock surged on news in late February of highly anomalous uranium-mineralized drill intercepts, Hathor Exploration (HAT-V, HTHXF-O) posted further gains on assays confirming wid…
Verena adds to Volta Grande gold resource
Exploration for gold deposits in the Volta Grande area of the eastern Amazon region of Brazil dates back to the Portuguese conquests of the 16th century and has continued sporadically to the present.
Prime Energy gets new moniker
Air compressor rental company, Prime Energy Rental, has changed its name to Atlas Copco Prime Energy to better reflect its relationship with its parent corporation, Atlas Copco.
EXCHANGE RATES (March 10, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date March 3 Feb. 29 Feb. 28 Feb. 27 Feb. 26 US$ in C$ 0.9883 0.9844 0.9765 0.9807 0.9824 C$ in US$ 1.0118 1.0158 …