Xstrata Chops Jobs, Output In Sudbury
Continued low nickel prices are forcing Xstrata (XSRAF-O, XTA-L) subsidiary Xstrata Nickel to accelerate the downsizing of its nickel mining and milling assets in Ontario’s Sudbury basin.
Articles by Northern Miner Staff
Orex Adds Zones At Goldboro
Strong results from Orex Exploration’s (OX-V) drilling in Nova Scotia helped secure the Rouyn- Noranda, Que.-based junior some market momentum.
Canadian Gold Mutual Funds (February 16, 2009)
Fund name Feb. 9 Jan. 26 Change Change YTD MER* Assets* ($) ($) (%) (%) (%) (M$) AGF Pr Mtl 20.14 18.82 1.32 7.0 10.90 2.60 540.4 Altamira Pr & Str Mtl 9.40 8.98 0.42 4.7…
Livengood Grows To 6.8M Oz. Gold For Tower Hill
VANCOUVER — With its Livengood project, 110 km north of Fairbanks, Alaska, International Tower Hill Mines (ITH-V, THM-X) already had a significant gold deposit amenable to bulk-tonnage heap leaching …
Hecla Restructures Debt, Raises US$65.6M
Hecla Mining (HL-N) is juggling debt and issuing shares to help repay a loan it took to buy out its majority partner Rio Tinto (RTP-N, RIO-L) at their co-owned Greens Creek silver mine, near Juneau in…
International Quotes (February 16, 2009)
Australia (A$) Feb 10 Feb 3 Change Bendigo Mining 0.17 0.18 -0.01 Kingsgate Cons. 3.59 3.72 -0.13 Lion Selection Ltd 0.66 0.67 -0.01 Newcrest Mining 32.00 30.00 2.00 …
Rio Tinto Sells More Assets To Pare US$37B Debt
Rio Tinto (RTP-N, RIO-L) continues to hack away at its immense debt load with sales to Vale (RIO-N) of its undeveloped potash assets in Argentina and Canada and an iron ore mine in Brazil for US$1.6 b…
People (February 16, 2009)
ATW Gold — Graham Harris appointed chairman; David Stone appointed COO.
Mesquite Mine Back In The Saddle
With one year of operations at the past-producing Mesquite gold mine under its belt, Western Goldfields (WGI-T, WGW-X) reports it churned out 110,410 oz. gold for 2008, just short of the 117,000 oz. g…
Exeter Cuts Lengthy Low-Grade Gold At Caspiche
Exeter Resource( XRC-V, XRA-X) has reported drilling results from its Caspiche gold-copper and Cerro Moro gold-silver projects, in South America.
World Crude Steel Production Falls 1.2%
World production of crude steel fell 1.2% between 2007 and 2008, with production weighing in at 1.33 billion metric tonnes last year, according to a report released by the World Steel Association.
Vale Builds Its Fleet — Spends US$171M On New Tugboats And Barges
Brazilian mining giant Vale (RIO-N) has signed a contract with three major Brazilian shipyards worth US$171.1 million, to build up the company’s fleet.