U.S. equities survive Oct. 11-15 week
U.S. equity markets were largely unruffled during the Oct. 11-15 trading week with the Dow Jones Industrial Av…
Articles by Northern Miner Staff
HudBay bids for Norsemont (October 18, 2010)
HudBay Minerals (hbm-t, hbm-n) is looking to venture farther south than it ever has before to acquire its next project. The company has made a friendly $520-million pitch to Norsemont Mining’s (nom-t) shareholders in the hope of nabbing…
NORTH AMERICAN STOCK EXCHANGE INDICES (October 18, 2010)
52-week Date Oct. 11 Oct. 8 Oct. 7 Oct. 6 Oct. 5 High Low S&P/TSX-Ven Comp Holiday 1784.88 1765.76 1774.06 1768.03 1788.87 1263.41 TSX Composite Holiday 12535.59 12445.93 12501.72 12498.00…
TSX SHORT POSITIONS (October 18, 2010)
Short positions outstanding at Sept. 30/10 (with changes from Sept. 15/10).
DIVIDENDS (October 18, 2010)
Note: Vale will pay $0.24* per outstanding common or prf sh on Oct 20. Alcoa will pay a $0.9375* div on it $3.75* cmltv pr stock on Oct 1, rec Sept 10. Franco-Nevada monthly div of 0.025 starting in J…
LENDING RATES (October 18, 2010)
as of 9 a.m. ET. Aug. 23, 2010 (%) Bank of Canada 1.00 Target overnight rate 0.75 Canadian Prime 2.75 U.S. Discount Primary 0.75 U.S. Fed Funds market rate 0-0.25 U.S. Prime 3….
INTERNATIONAL QUOTES (October 18, 2010)
Australia (A$) Aug 24 Aug 17 Change Aquila Resources 8.3 8.69 -0.39 Bendigo Mining 0.18 0.18 0.00 Centennial Coal 6.03 6.04 -0.01 Fortescue Res 4.50 4.56 -0.06 Iluka …
EXCHANGE RATES (October 18, 2010)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Oct 11 Oct 8 Oct 7 Oct 6 Oct 5 US$ in C$ Holiday 1.0136 1.0166 1.0073 1.0168 C$ in US$ Holiday 0.9866 0.9837 0.9928 0.9835 E…
Investors flock to Champion
Switzerland-based MRI Advisory is investing $2 million and Hong Kong-based private equity firm Winner Max Investment another $1 million in Champion Minerals (CHM-T) and its prospective iron properties…
Midland explores Ytterby REE project
In September 2009, Midland Exploration (MD-V) staked the Ytterby rare earth property in Quebec, not far from Quest Rare Minerals’ (QRM-V) Strange Lake property. A year later the junior explorer announced the discovery of two new rare earth…
Quebec Lithium lifts Canada Lithium shares (October 18, 2010)
Canada Lithium (CLQ-T, CLQMF-O) is gearing up to put its flagship Quebec Lithium project into production by late 2012.The company recently completed pilot-scale tests at the past-producing deposit near Val d’Or, Que., and reported that the…
Scoping study out for Bear Lodge
VANCOUVER — With the hunt on for stable sources of rare earth elements (REEs), Rare Element Resources (RES-V, REE-X) has released a scoping study on its Bear Lodge REE project in Wyoming.The study concentrates on the near-surface oxide…