More Pain To Come In Exploration Sector: Fraser Institute Survey
— The following is an edited version of the executive summary and related press release for the Fraser Institute’s influential Survey of Mining Companies 2008/2009.
Articles by Northern Miner Staff
U. S. Stimulus Package To Fund Mine Reclamation
U. S. President Barack Obama’s nearly US$800-billion stimulus package includes US$125 million earmarked for the remediation of abandoned mines, according to the Northwest Mining Association.
NovaGold, HudBay Headline PDAC Award Winners
The Prospectors and Developers Association of Canada presented seven awards at a ceremony at the Fairmont Royal York Hotel during the association’s 77th annual convention in Toronto.
People (March 09, 2009)
Andina Minerals– Keith McKay appointed executive VP; Alejandro Labbe appointed VP of project development.
U. S. Markets – Feb. 24 -Mar. 2
U. S. markets were down during the Feb. 24-Mar. 2 trading period. The catalyst for the sell-off was a staggering quarterly loss of US$62 billion, the highest in corporate history, at troubled insurer …
Toronto Stock Exchange – Feb. 24 -Mar. 2
There was a mixture of good and bad news over the Feb. 24-March 2 trading period, making for a 40-point gain on the S&P/TSX composite index to 7,687.51 points. Profits from Canada’s banking sector…
TSX Venture Exchange – Feb. 24 -Mar. 2
The Feb. 24-Mar. 2 reporting period on the S&P/TSX Venture composite index began and ended poorly. The first and last days of the period saw the heaviest losses, 25.35 and 33.42 points, respective…
Lme Warehouse Levels (March 09, 2009)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Mar. 3, 2009 (change from Feb. 24 in brackets):
Spot Prices (March 09, 2009)
COURTESY OF SCOTIABANK
Producer And Dealer Prices (March 09, 2009)
Antimony: Mid-mkt US$4,350 /t.
Daily Metal Prices (March 09, 2009)
Daily Metal Prices Date Mar. 2 Feb. 27 Feb. 26 Feb. 25 Feb. 24 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 1121/1160 1108/1146 1116/1160 …
North American Stock Exchange Indices (March 09, 2009)
52-week Date Mar. 2 Feb. 27 Feb. 26 Feb. 25 Feb. 24 High Low S&P/TSX-Ven Comp 828.24 861.66 862.81 854.97 853.59 2810.46 678.62 TSX Composite 7687.51 8123.02 8186.82 7932.30 7859.33…