Chinese copper collateral probe hurts ailing copper price
VANCOUVER – News that some copper stocks at the port of Qingdao were being used as collateral for multiple loans has further damaged a copper price that was already failing to thrive in 2014.
Articles by Northern Miner Staff
Petra Diamonds recovers 122.52 carat blue diamond
The Cullinan diamond mine at the foothills of the Magaliesberg mountain range, 37 km northeast of Pretoria in South Africa, is one of the world’s most celebrated diamond mines.
Hummingbird Resources to acquire Gold Fields’ Yanfolila
Exploration and development company Hummingbird Resources (LSE-AIM: HUM) is banking on becoming a near-term producer with the all-share acquisition of Gold Fields’ (JSE: GFI) Yanfolila project in southwestern Mali, an advanced-stage…
Koch brothers gear up for Canadian oilsands development
VANCOUVER — U.S. billionaire industrialists the Koch brothers garnered headlines when it was revealed the group’s Canadian oil arm was the largest foreign stakeholder in the Alberta oilsands, with registered holdings of at…
Fort Hills a ‘sweet spot’ for Teck
The Fort Hills oilsands project remains Teck Resources’ (TSX: TCK.B; NYSE: TCK) main growth project, Andrew Golding, the company’s senior vice-president of corporate development, said during the 2014 Global Metals, Mining and Steel…
CAPP’s outlook for oilsands growth through 2030
The Canadian Association of Petroleum Producers is forecasting that output from Alberta’s oilsands will reach 4.8 million barrels per day (bpd) by 2030, which is 400,000 bpd lower than its forecast last year, due largely to project costs…
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, June 10 2014Precious MetalsPrice…
Ressources Appalaches establishes Nova Scotia gold mine
Ressources Appalaches’ (TSXV: APP) president and CEO Alain Hupé is only too happy to follow a hunch.
Palladium prices hitting new highs
A rare combination of ongoing strikes in South Africa’s platinum group metal mines combined with political tensions between Russia and Ukraine have translated into three-year highs for palladium prices in early June, resulting in one of…
Cove makes the grade for Premier
It may have made its name on its Hardrock gold project in Ontario but Premier Gold Mines (TSX: PG; US-OTC: PIRGF) is bolstering its project pipeline in Nevada.
Commentary: Keystone XL – When politics obscures priorities
VANCOUVER — In its four-year journey through the permitting process, the Keystone XL pipeline has become a symbol of America’s reliance on oil. And those who oppose the pipeline have framed the U.S. government’s upcoming…
Sierra Metals unleashes Yauricocha’s full potential
LIMA, PERU — Sierra Metals (TSX: SMT; BVL: SMT) is proving up the underground potential of its Yauricocha silver–lead–copper–zinc–gold mine in west-central Peru. The low-cost underground mine is the company’s…