Chinalco Deal Rankles Rio Tinto Shareholders
The sixth trading week of 2009 saw a blockbuster deal struck between Rio Tinto and Aluminum Corp. of China (Chinalco), which has the Chinese state-owned major pumping a much larger than anticipated US…
Articles by Northern Miner Staff
Victoria Gold Bids For StrataGold
Nevada-focused Victoria Gold (VIT-V, VITFF-O) has made a friendly offer for StrataGold (SGV-T, SAGDF-O) in pursuit of its advanced Dublin Gulch gold project in the Yukon.
Quadra Mining To Buy Centenario Copper
VANCOUVER — Patience has paid off for Quadra Mining (QUA-T, QADMF-O). The Vancouver-based company, which has been quietly stockpiling cash from its Robinson copper-gold mine in Nevada, waiting for th…
Cash Call Emergency Threatens Minera Andes’ Survival
VANCOUVER — A few months ago, it seemed like Minera Andes (MAI-T, MNEAF-O) had it all: a 49% stake in a producing gold-silver mine, a massive copper deposit nearing development stage, and a pipeline …
Canadian Gold Mutual Funds (February 23, 2009)
as of Dec. 31/08
Toronto Stock Exchange Feb. 10-13
The TSX was down during the holiday-shortened Feb. 10-13 trading period, with the S&P/TSX composite index losing 369 points, or 4.1%, to 8,678. The drop was triggered by doubts about the effective…
Lme Warehouse Levels (February 23, 2009)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 17, 2009 (change from Feb. 10 in brackets):
Spot Prices (February 23, 2009)
COURTESY OF SCOTIABANK
Producer And Dealer Prices (February 23, 2009)
Antimony: Mid-mkt US$4,350 /t.
Chinalco Pumps US$19.5B Into Rio Tinto
China’s largest aluminum producer will invest US$19.5 billion in Rio Tinto (RTP-N, RIO-L) through joint ventures and convertible debt in a deal that will help the Anglo-Australian mining giant pay dow…
Daily Metal Prices (February 23, 2009)
Date Feb. 16 Feb. 13 Feb. 12 Feb. 11 Feb. 10 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 1075.50/1111 1100.50/1135 1100.50/1130 1100/1125…
North American Stock Exchange Indices (February 23, 2009)
52-week Date Feb 16 Feb. 13 Feb. 12 Feb. 11 Feb. 10 High Low S&P/TSX-Ven Comp 925.64 925.64 915.87 911.26 902.09 2814.88 678.62 TSX Composite 8678.10 8678.10 8778.78 8737.89 …