Articles by Northern Miner Staff

Daily Metal Prices (September 07, 2009)

Date Aug. 31 Aug. 28 Aug. 27 Aug. 26 Aug. 25 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy Holiday 1720/1750 1680/1710 1695/1760 1690/172…






Exchange Rates (September 07, 2009)

CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Aug. 31 Aug. 28 Aug. 27 Aug. 26 Aug. 25 US$ in C$ 1.0967 1.0879 1.0960 1.0991 1.0782 C$ in US$ 0.9118 0.9192 0.9124 0.9098 0…


International Quotes (September 07, 2009)

Australia (A$) Sept 1 Aug 25 Change Aquila Resources 6.92 6.55 0.37 Bendigo Mining 0.23 0.23 0.00 Centennial Coal 3.34 3.49 -0.15 Fortescue Res 4.30 4.46 -0.16 Iluka …


Repealed Tax Bodes Well For Ivanhoe

VANCOUVER — Just over three years ago, when producers and explorers operating in Mongolia were slammed with a 68% windfall tax on copper and gold profits, their share prices tanked. Ivanhoe Mines (IVN-T, IVN-N), for example, which is advancing…


Rio Tinto Arrests Underscore Challenges Of China Trade

After more than five weeks in detention on suspicion of stealing state secrets, Chinese authorities on Aug. 11 formally arrested four employees of Anglo-Australian miner Rio Tinto (RTP-N, RIO-L) on charges of bribery and stealing commercial…


The Agsao inclined shaft at the eastern end of Medusa Mining's Co-O gold mining complex in the Philippines.

Medusa Ramps Up Low-Cost Co-O Mine In Philippines

While Medusa Mining (MML-A, MML-L) is focused solely on Mindanao in the southern Philippines, its Co-O mine on the island’s eastern end has proven to be so bountiful that the company is rapidly transforming itself into a profitable,…


Eldorado Strikes $2B Deal For Sino

Eldorado Gold (ELD-T, EGO-X) has offered $2 billion in shares for China-focused Sino Gold (SIOGF-O, SGX-A) in a friendly deal that would see the company’s gold production climb to 550,000 oz. this year.In June, Eldorado bought a 19.8% stake…


Russia-Mongolia Deal Could Leave Khan Out In The Cold

A visit to Ulaanbaatar by Russian President Dmitri Medvedev has sealed a deal between Russia and Mongolia on uranium mining, leaving the status of Torontobased Khan Resources (KRI-T, KHRIF-O) up in the air.While rumours about a Russian and…


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