Trafigura offers glimpse into inner workings
Privately held Trafigura Beheer B.V. surprised investors by offering a peek into its books.
Articles by Northern Miner Staff
Russian billionaire acquires Mercator
VANCOUVER — Struggling copper producer Mercator Minerals (TSX: ML) has reportedly been on the market since late September, and the company found a suitor in Intergeo MMC — a Russian-based resource company controlled by…
Tough times eat away at Joy Global’s business
Difficult markets put Joy Global Inc’s (NYSE: JOY) order book under stress in the fiscal fourth quarter, sending the company’s net income from continuing operations plunging 87% to US$26.8 million, or 25¢ per share, down from…
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, December 10, 2013 Precious MetalsPrice…
Commentary: Jeffrey Christian of CPM Group bullish on gold – post-2015
Negative sentiment regarding gold and fears over the U.S. Federal Reserve Board “tapering” its QE3 stimulus program have pushed the gold price down to US$1,241 per oz. at press time from close to US$1,700 at the start of the year.
Editorial: The two lions of Southern Africa
The mining community in Canada probably has more connections to South Africa than any other group in the country, and so the death of Nelson Mandela on Dec. 5 provided many miners here with time to reflect on the man’s leadership, as well…
TSX Venture Exchange, Dec. 2-6
The S&P/TSX Venture Composite Index lost 2%, or 18.24 points, during the week before closing at 916.65. Markets finished in the red despite rising energy and metals futures, with promising jobs data out of Canada and the U.S. fuelling…
Toronto Stock Exchange, Dec. 2-6
The S&P/TSX Composite Index fell 113 points to 13,280.72 for the period, despite positive news from Canada’s neighbour to the south.
U.S. markets, Dec. 2-6
U.S. equities jumped on Nov. 29, with a positive employment report. Better-than-expected data from the U.S. Labor Department showed the country added 203,000 jobs to non-farm payrolls in November and the unemployment rate dropped to 7% —…
Second Keno Hill mine is key to Alexco’s plan
VANCOUVER — There are over 40 million oz. of indicated silver resource sitting alongside a modern mill at Alexco Resource’s (TSX: AXR; NYSE-MKT: AXU) historic Keno Hill property in the Yukon, but, with the price of silver struggling…
Hudbay to triple copper-equivalent production by 2016
Hudbay Minerals’ (TSX: HBM; NYSE: HBM) CEO David Garofalo says the company is more focused on the bigger growth picture than what will happen in the next quarter.
Indonesia hangs tough on raw mineral export ban, nickel prices perk up
Despite hopes by miners in Indonesia that the national government would soften its stance, the government nevertheless plans to push ahead with a full-blown ban of all raw mineral-ore exports starting early next year.