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…
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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 …
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…
Editor’s Picks: top 10 stories of 2008
It was remarkable year for the mining industry, as we witnessed a commodities boom in the first quarter turn into a…
Metallurgical coal outlook for 2009
Demand for metallurgical coal next year will be 7% lower than in 2008, as global steel production continues to drop…
PolyMet draws on debt to feed NorthMet
In tight credit markets it’s good to have deep pockets in your corner.
Western Canadian Coal and Cambrian discuss merger
Western Canadian Coal (WTN-T, WTN-L) and Cambrian Mining (CBM-L) have reached an agreement in principal that would …
Jaguar’s tidy Brazilian operations make for a growing producer story
At a time when more than one mining company is struggling to stay afloat, Jaguar Mining (JAG-T, JAGNF-o) is a bit o…
Acadian Mining’s ScoZinc receives creditor protection
Dramatic cost reduction measures at Acadian Mining’s (ADA-T, ADAIF-o) Scotia mine a few months ago weren&rsqu…
TNM’s Mining Persons of the Year: Aurelian’s Anderson, Barron, Leary
Our “Mining Person of the Year” award for 2008 goes to the trio of Patrick Anderson, Keith Barron and Stephen Leary…
Alexco rises on Silver Wheaton payment
Vancouver – Alexco Resource (AXR-T) received its first US$15-million payment from Silver Wheaton (SLW-T) and on the news got a nice share price lift from investors who know that, in markets…