Xstrata throttles back Sudbury nickel output, chops 686 jobs
Continued low nickel prices are forcing Xstrata (XTA-L) subsidiary Xstrata Nickel to step up the shrinking of its n…
Articles by Northern Miner Staff
Short Position Report (February 09, 2009)
TSX Short PositionsShort positions outstanding at Jan 31/09 (…
Red Back Mining posts record production in Q4
Mines in Mauritania and Ghana posted record production in the fourth quarter for gold producer Red Back Mining…
Freeport Defends Phelps Takeover After US$13B Writedown
VANCOUVER — Impairment and goodwill charges primarily related to Freeport-McMoRan Copper & Gold’s (FCX-N) acquisition of Phelps Dodge in March 2007 have come back to haunt it with a US$13.9-billi…
Eldorado Aims For 400,000 Oz. Gold Production In 2010
VANCOUVER — Although its yearend numbers and production forecasts suggest Eldorado Gold (ELD-T, EGO-X) is catching up to the majors, Eldorado chief financial officer Earl Price says: “We actually lik…
TSX Venture Short Positions (February 09, 2009)
Short positions outstanding at Jan. 15/09 (with changes from Dec. 31/08).
Canadian Gold Mutual Funds (February 09, 2009)
“Featured Fund: BMO precious metals as of 12/31/08 (in weighted order): Kinross Gold, Allied Nevada Gold, Agnico-Eagle Mines, Goldcorp, Red Back Mining, San Gold, Quadra Mining, Franco-Nevada, Lihir G…
Dividends (February 09, 2009)
Note:Xstrata PLC subsidiary, Xstrata Canada is sending a notice of redemption for all outstanding Cmltv prf sh, series 3, redeemable Mar 1 for $25 each in cash, plus accruded and unpaid dividends. Alc…
Exchange Rates (February 09, 2009)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Feb. 2 Jan. 30 Jan. 29 Jan. 28 Jan. 27 US$ in C$ 1.2404 1.2364 1.2188 1.2098 1.2299 C$ in US$ 0.8062 0.8088 0.8205 0.8266 0….
Vale Inco Reaches Agreement With Province On Voisey’s Bay
Vale Inco has reached an agreement with the province of Newfoundland and Labrador to amend the Voisey’s Bay development agreement regarding the proposed hydromet nickel-processing plant to be built at…
Wenco To Supply Fleet Management Technology For Alrosa
Wenco International Mining Systems, a supplier of computer-based fleet management systems, has been commissioned by state-run diamond miner Alrosa to supply technology for the company’s Nurba mine in …
People (February 09, 2009)
American Bonanza Gold — Joe Chan appointed CFO.