Chinese Miner Makes Hostile Bid For Canadian Royalties
China’s appetite for natural resources has turned aggressive with an unsolicited takeover bid for nickel development company Canadian Royalties (CZZ-T, CRYAF-O).
Articles by Northern Miner Staff
More Kimberlites For Peregrine At Chidliak
Peregrine Diamonds (PGD-T, PGDIF-O) has found four more kimberlite bodies — three of them exposed at surface– on its 9,800-sq.-km Chidliak property on Baffin Island in Nunavut.
Thompson Creek Dusts Off Endako Plans
VANCOUVER — As the price of molybdenum shows ever stronger signs of life, Thompson Creek Metals (TCM-T, TC-N) has emerged from cash conservation mode to put a major moly expansion project back on the…
Mining Sector Heats Up In DRC
The dog days of August haven’t slowed down the pace of mining deals in mineral-rich Democratic Republic of the Congo (DRC).
Iron Ore Contract Settlement Prices Down For BHP Billiton
BHP Billiton (BHP-N, BLT-L) has concluded iron ore price negotiations for the 2009 contract year with a number of its customers. Prices for iron ore fines are about 33% lower than contract prices agre…
People (August 17, 2009)
Apoquindo Minerals — Bruce Turner appointed president and CEO; Alvaro Fernandez Baca appointed GM for Peruvian subsidiary Minera KoriTambo; Cesar Lopez appointed VP of legal, business development and…
Daily Metal Prices (August 17, 2009)
Date Aug. 10 Aug. 7 Aug. 6 Aug. 5 Aug. 4 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 1795/1870 1791/1825 1850/1880 1780/1810 1800/1790 …
Dividends (August 17, 2009)
Note:Vale will pay $0.4795 for common and preferred class A shares on Oct 30. Russia’s Norilsk Nickel plans to pay a dividend of more than 25% its net profit for the first half of 2009. Alcoa will pay…
Capstone Reports Strong Q2 Production, Tougher Q3 Ahead
VANCOUVER — Despite lower grades milled at its Minto mine, Capstone Mining (CS-T, CSFFF-O) managed to hold fast on copper production in the second quarter of 2009 even as it came off record copper pr…
Nevsun Gets US$235M Credit Approvals For Bisha
VANCOUVER — Nevsun Resources (NSU-T, NSU-X) appears to have cleared a major hurdle on the way to financing the Bisha poly-metallic project in Eritrea. Nevsun says lenders have given it all necessary …
Keegan Jumps On Deep Gold At Esaase
VANCOUVER– The first four holes of the 2009 program at Keegan Resources’ (KGN-T, KGN-X) Esaase project in southwestern Ghana all hit strong gold mineralization below the defined resource and the news…
Positive Scoping Study For Inter-Citic’s Dachang
A scoping study for the Dachang gold project in China’s western Qinghai province estimates gold production averaging more than 165,000 oz. a year, Inter-Citic Minerals (ICI-T, ICMTF-O) reports.