Nautilus Delays Seafloor Mine Development
The turmoil in the world markets has prompted Nautilus Minerals (NUS-T, NUS-l) to delay construction of the mining system for its Solwara 1 seafloor copper-gold-zinc-silver massive sulphide deposit, o…
News
Dividends (December 29, 2008)
Note: Alcoa will pay its quarterly div of US$0.9375 for US$3.75 cmltv pr sh on Jan 1, rec Dec 12. Company Div. Pay Record ($) Date Date Iamgold 0.06* Jan…
Lending Rates (December 29, 2008)
as of 9 a. m. ET. Dec. 19, 2008 (%) Bank of Canada 2.50 Target overnight rate 1.50 Canadian Prime 4.00 U. S. Discount Primary 1.25 U. S. Fed Funds market rate 0-0.25 U. S. Prime …
Clock Starts Ticking For Geologix
The countdown has begun for Geologix Explorations (GIX-T, GXEXF-o).
International Quotes (December 29, 2008)
Australia (A$) Dec 19 Dec 16 Change Bendigo Mining 0.16 0.17 -0.01 Kingsgate Cons. 2.80 2.85 -0.05 Lion Selection Ltd 0.73 0.67 0.06 Newcrest Mining 33.50 29.00 4.50 …
FNX Closes Levack, McCreedy West Nickel Mines
FNX Mining (FNX-t) is halting nickel production at its Levack mine and adjoining McCreedy West mine in Sudbury, Ont., putting 307 people out of work.
OMA Makes Suggestions For Provincial Budget
— The following is the first part of an open letter to The Honourable Dwight Duncan, Ontario’s Minister of Finance, from Chris Hodgson, president of the Ontario Mining Association outlining the OMA’s…
Platmin Sells Majority Stake For US$175M
Vancouver — In exchange for US$175 million — enough to finish construction of the Pilanesberg platinum mine in South Africa — cash-strapped Platmin( PPN-T, PPN-l) has agreed to hand over the keys t…
Linear Tables KM61 Copper-Moly-Silver Resource
Linear Metals (LRM-T, LMTCF-O) has come out with a resource estimate for its KM61 copper-moly-silver project, near Armstrong, Ont.
Aurelian Trio Our Mining Persons Of The Year
Our “Mining Person of the Year” award for 2008 goes to the trio of Patrick Anderson, Keith Barron and Stephen Leary for their leading roles in the discovery, swift development and sale of Aurelian Res…
Crystallex, Rusoro deny project shakeup
Business News Americas, quoting an unnamed official at Venezuela’s basic industries and mining ministry, or Mibam, has reported that the country plans to withdraw the Las Cristinas mining concession f…
Ridgetop Shaping Up For Capstone
Vancouver– Results from the last 28 holes from Capstone Mining’s (CS-T, CSFFF-o) 2008 drill program at the Minto mine, in the Yukon, confirm good grades of relatively near-surface copper and gold wit…