Oromin turns friendly to Teranga offer
Teranga Gold (TSX: TGZ; US-OTC: TGCDF; ASX: TGZ) and Oromin Explorations (TSX: OLE) have found an amicable way for Teranga to acquire whatever Oromin equity it doesn’t already own.
Articles by Northern Miner Staff
Alamos to buy Orsa for $3.5M
Cash-rich Alamos Gold (TSX: AGI; NYSE: AGI) has added Orsa Ventures (TSXV: ORN) to its shopping list.
Workers strike at Tasiast; Kinross to pick up option at Las Pampas
News of a strike action at Kinross Gold’s (TSX: K; NYSE: KGC) troubled Tasiast gold mine in Mauritania brings the total number of strikes to three since the Toronto-based producer acquired its 100% stake in 2010.
Chinese investment comes at a price for Champion Iron
A Hong Kong investment company has invested $3 million for an 11% stake in Champion Iron Mines (TSX: CHM) and its portfolio of iron ore properties in the Labrador Trough.
Newcrest swallows A$6.2B writedown
Newcrest Mining’s (TSX:NM; ASX: NCM) warning in early June that it would be taking up to a A$6-billion writedown on its various gold mining assets around the world has come to pass, and the bite is a little deeper than first anticipated…
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, August 6, 2013 Precious MetalsPrice…
Global copper use down, production up in 2013: ICSG
The Lisbon-based International Copper Study Group (ICSG) released the following preliminary data for April 2013 world copper supply and demand in its July 2013 Copper Bulletin. The Bulletin is available for sale upon request. For more…
Editorial: Potash earthquake
Like a sudden Saskatchewan thunderstorm, the potash market surprised everyone yet again with its capacity for drama and destruction, as everyone learned just how important the Russian-Belarusian potash cartel had been all this time in…
Bob Rae on the Ring of Fire
Talks between First Nations and the Ontario government regarding development in the remote Ring of Fire area are set to start soon, now that both sides have appointed lead negotiators.
Obituary: WGM’s Jack McOuat
John (Jack) McOuat, an icon of the Toronto mining scene and the last surviving co-founder of the independent geological and mining consulting firm Watts, Griffis and McOuat (WGM), died on July 30 at age 80 at the Sunnybrook Hospital in Toronto.
TSX Venture Exchange, July 29-Aug. 2
The S&P/TSX Venture Composite Index put an end to its four-week winning streak, slipping 1.73 points during the trading session to close at 923.56 points.
Toronto Stock Exchange, July 29-Aug. 2
The S&P/TSX Composite Index was off 19 points to 12,603.25 for the period, as precious metal prices slumped and job numbers out of the U.S. disappointed market watchers.