Newmont sees new woes in Indonesia
Less than a year after being acquitted of pollution charges on Sulawesi Island in Indonesia, Newmont Mining (NMC-T, NEM-N) is back in hot water again at another mine in the Southeast Asian nation.
Articles by Northern Miner Staff
Mining execs converge at South Africa’s Indaba
CAPE TOWN, SOUTH AFRICA — The keynote session at the recent Mining Indaba conference in Cape Town, South Africa, saw leaders from many of the world’s largest mining houses step to the podium to discu…
New Bonanza resource lifts Premier’s stock
A new National Instrument 43-101 resource estimate for the Rahill- Bonanza property in Red Lake, Ont., has pleased joint-venture partners Premier Gold Mines (PG-T, PIRGF-O) and Goldcorp (G-T, GG-N).
NLT Australia creates wireless connection for mines
NLT Australia, a subsidiary of NL Technologies, has developed a Radio Frequency (RF) reader for tracking personnel and assets underground, wirelessly.
Roca rallies on Max moly
VANCOUVER — Underground drilling at Roca Mines’ (ROK-V, ROCAF-O) Max molybdenum mine, 60 km southeast of Revelstoke, B.C., hints at the depth expansion potential of the deposit.
Gravity West plummets on Voltaire assays (February 25, 2008)
VANCOUVER — Shares of Gravity West Mining (GRW-V, GRWFF-O) fell back to earth in recent trading after the company tabled long-awaited drill assays from its Voltaire Lake project, located 175 km north…
LME Warehouse Levels (February 25, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb 15, 2008 (change from Feb. 12 in brackets):
Spot Prices (February 25, 2008)
COURTESY OF SCOTIABANK
Coro to buy Chilean copper mine
VANCOUVER–Looking to fast-track its plan to become a copper producer, Coro Mining (COP-T) has struck a deal to buy the operating CerroNegromine, located in Chile’s Region V.
Producer and Dealer Prices (February 25, 2008)
Antimony: Mid-mkt US$5,550/t.
Study predicts robust economics at Mary River
It took four years and $170 million, but the definitive feasibility study on its 100%-owned Mary River direct- shipping iron ore project was well worth the wait, Baffinland Iron Mines (BIM-T, BIMGF-O)…
Daily Metal Prices (February 25, 2008)
Date Feb. 18 Feb. 15 Feb. 14 Feb. 13 Feb. 12 BASE METALS ( London Metal Exchange — Midday official cash/ 3- month prices, US$ per tonne) Al Alloy 2495/ 2530 2512/ 2560 2461/ 2510 …