Editorial: AA+AL=Alcoan?
With U.S. aluminum giant Alcoa launching a hostile takeover bid for Alcan, Canada’s largest mining company, on May 7, it wasn’t hard coming up with the top mining story of the week ended May 12, the 1…
Articles by Northern Miner Staff
Together against the diamond royalty
COMMENTARY/ONTARIO MINING ASSOCIATION
Tournigan sees resource jump at Kuriskova (May 21, 2007)
Vancouver — Tournigan Gold (TVC-V, TVCZF-O) got a major market boost after tabling a new resource that almost triples the previous contained uranium estimate on its Kuriskova uranium project in easte…
Xstrata tops Norilsk’s bid for LionOre
Russia’s Norilsk Nickel (NILSY-O, MNODL-L) has until May 25 to outbid Xstrata (XSRAF-O, XTA-L) a second time in its attempt to take over LionOre Mining International (LIM-T, LMGGF-O).
Zaruma updates Luz del Cobre numbers (May 21, 2007)
Thanks to additional metallurgical testing and orebody modelling, Zaruma Resources (ZMR-T, ZMRAF-O) has posted a revised reserve figure for its Luz del Cobre copper project, in Sonora state, Mexico.
Norsemont rides into Peru
SITE VISIT Lima, Peru — When Bob Baxter left his post as executive vice-president at Char- iot Resources (CHD-T) to become president of Norsemont Mining…
Platinex wins in court
After a 16-month delay due to an ongoing legal dispute with a First Nations band, an Ontario Superior Court ruling will allow junior explorer Platinex (PTX-V) to resume drilling at its Big Trout Lake …
Lending Rates (May 21, 2007)
as of 9 a.m. ET, May 14, 2007(%)
Dividends (May 21, 2007)
Company Div.($) Pay Date Record Date Consol Energy 0.07* May 25 May 4 Goldcorp 0.0.015* May 25 May 18 McChip Res 0.05 May 30 May…
Exchange Rates (May 21, 2007)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
International Quotes (May 21, 2007)
Australia (A$) May 14 May 7 Change Bendigo Mining 0.37 0.38 -0.01 Centamin Egypt 1.12 1.20 -0.08 Emperor Mines 0.13 0.13 0.00 Kingsgate Cons. 5.55…
Canadian Gold Mutual Funds (May 21, 2007)
Fund name May 14($) May 7($) Change($) Change(%) YTD(%) MER*(%) Assets*(M$) AGF Pr Mtl 29.03 30.15 -1.12 -3.7 8.5 2.63 577.2 Altamira Pr & Str…