Mongolia’s Coal Sector Roars Back To Life
As many exasperated miners and investors had hoped, the early October signing of the long-delayed Oyu Tolgoi copper-gold development agreement between Ivanhoe Mines and the Mongolian government has le…
Articles by Northern Miner Staff
Commentary: Are There No Giant Deposits Left To Be Found?
The Northern Miner is published by Business Information Group, a division of Glacier Media Inc., a leading Canadian media company with interests in business-to-business information services. From time…
Geoscience Award Up For Grabs
The Prospectors and Developers Association of Canada and the Geological Association of Canada have issued an open call for applicants for the Mary-Claire Ward Geoscience Award.
Barrick Cuts 80 Jobs At Head Office
Barrick Gold (ABX-T, ABX-N) is laying off 80 people primarily from its head office in Toronto, the first major staff reduction after decades of growth.
People (November 02, 2009)
Athabasca Potash — Robert Boyd resigned as CEO.
U.S. Markets – Oct. 20-26
Worries that the stock market rally has gotten ahead of itself in terms of valuations, sinking consumer confidence, and fears that regulatory officials will start to ease stimulus measures, sent U. S….
Toronto Stock Exchange – Oct. 20-26
Although many third-quarter earnings statements have beat expectations, the S&P/TSX composite index fell 2.6%, or 303.5 points, to 11,234.9 points over the Oct. 20-26 trading period as investors p…
TSX Venture Exchange – Oct. 20-26
After several strong months that lifted the S&P/TSX Venture composite index some 300 points since mid-July, the board faltered over the week of Oct. 20-26, losing 32.85 points to close at 1,305.95…
LME Warehouse Levels (November 02, 2009)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, October 27, 2009 (change from Oct. 20 in brackets):
Exchange Rates (November 02, 2009)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Oct. 26 Oct. 23 Oct. 22 Oct. 21 Oct. 20 US$ in C$ 1.0616 1.0508 1.0485 1.0412 1.0500 C$ in US$ 0.9420 0.9517 0.9537 0.9604 0…
Dividends (November 02, 2009)
Note:Vale will pay $0.4795 for common and prf class A shares on Oct 30. Alcoa will pay US93.75 cents per share on its US$3.75 cmltv prf stk payable Jan 1, record close Dec 11. Freeport McMoRan Copper …
Lending Rates (November 02, 2009)
as of 5 p. m. ET. Oct. 27, 2009 (%) Bank of Canada 0.50 Target overnight rate 0.25 Canadian Prime 2.25 U. S. Discount Primary 0.50 U. S. Fed Funds market rate 0-0.25 U. S. Prime …