2008



Drilling at Norsemont Mining's Constancia polymetallic project in Peru. With $7 million tied up in the frozen asset-backed commercial paper market, the company has had to delay a US$3-million payment attached to its 100% acquisition of the project.

Bad Commercial Paper Delays Norsemont Payment

The frozen asset-backed commercial paper market continues to affect miners, with Norsemont Mining (NOM-T, NOMFF-o) announcing that it will have to delay a payment attached to its 100% acquisition of i…


Canadian Gold Mutual Funds (December 29, 2008)

Featured Fund: Altamira precious & Strategic Metals, as of 07/31/08 (in weighted order): Goldcorp, Barrick Gold, Kinross Gold, Agnico-Eagle Mines, Yamana Gold, Franco-Nevada, Newmont Mining, Compa…


Toronto Stock Exchange – DEC. 16-18

The Dec. 16-18 trading session may have been short, but it was full of surprises. A technical glitch linked to data feeds closed the TSX all day on Wed. Dec. 17 — the same day the Organization of the…


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…


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…


U. S. Markets – DEC. 16-18

U. S. equity markets were up during the shortened Dec.16-18 trading session. The Dow Jones Industrial Average gained 40 points, or 0.5%, to 8,605; the S&P 500 index added 17 points, or 1.9%, to 88…


Tsx Venture Exchange – DEC. 16-18

The TSX Venture composite index slipped another 16.39 points over the Dec. 16-18 trading period, closing at 700.45 points. The three weekdays only included two trading days, however, as the Toronto St…


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…


AME BC Announces Annual Award Winners

Vancouver– The Association for Mineral Exploration British Columbia (AME BC) has named its award winners for 2008. These B. C. industry leaders will be honoured at the annual awards dinner on Jan. 28…


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