Russia: A Land Of Opportunities And Risks
In our April 27-May 3/09 issue, we wrote about Russia’s new strategic sectors law, and about the Canada-Russia Mining Conference, organized by the Canada Eurasia Russia Business Association (CERBA) an…
Articles by Northern Miner Staff
U.S. Markets April 28 -May 4
Easing fears about a swine flu pandemic and moderating housing data helped buoy U. S. markets during the April 28-May 4 reporting period. The National Association of Realtors reported that its Pending…
Capstone, New Gold, Take Action Against Swine Flu
To help combat a potential swine flu pandemic, two Canadian-based mining companies shut down their mines from May 1-5, following a government order to stop all nonessential activities throughout Mexic…
People (May 11, 2009)
Castle Gold — Mark Selby appointed a director.
Toronto Stock Exchange April 28 -May 4
Toronto stocks posted solid gains during the April 28-May 4 reporting period, with the S&P/TSX composite index up 476 points, or 5.1%, to 9,870, the highest level since early November. The Capped …
TSX Venture Exchange April 28 -May 4
On the whole, the April 28-May 5 reporting period was a positive one for the TSX Venture Exchange. The Venture board managed to stay above the 1,000-mark, rising 2.4% to 1,027.19 points.
LME Warehouse Levels (May 11, 2009)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 5, 2009 (change from Apr. 28 in brackets): Aluminium Alloy 95460 (1060) Aluminium 3797125 (+71150) Copper 39…
Cliffs Idles Coal Plants
As the economic crisis continues to squash demand for steel, Cliffs Natural Resources (CLF-N) is idling some of its metallurgical coal production in West Virginia and Alabama.
Western Copper Gets Go Ahead At Carmacks
VANCOUVER — The Yukon government has approved the mining licence for Western Copper’s (WRN-T, WCPCF-O) Carmacks copper project.
Sumitomo Buys Teck’s Pogo Stake
Debt-laden Teck (TCK. B-T, TCK-N) has struck a deal to sell its 40% interest in the Pogo gold mine in Alaska to its majority partner Sumitomo Metal Mining for about US$245 million in cash.
Spot Prices (May 11, 2009)
COURTESY OF SCOTIABANK Tuesday, May 5, 2009 Precious Metals Price (US$/oz.) Change Gold $903.00 +6.00 Silver $13.11 +0.55 Platinum $1118.00 +20.00 Palladium $218.00 +1.00 Base Metals P…
Japan, China, South Korea In Energy Shopping Spree
Taking advantage of depressed prices, energy-poor but cash-rich industrial powerhouses Japan, China and South Korea have embarked on large-scale buying of energy assets.