North American Stock Exchange Indices (February 02, 2009)
52-week Date Jan. 26 Jan. 23 Jan. 22 Jan. 21 Jan. 20 High Low S&P/TSX-Ven Comp 867.16 859.69 850.21 851.55 856.68 2814.88 678.62 TSX Composite 8656.51 8627.97 8486.56 8757.89…
Articles by Northern Miner Staff
Great Western Looks South For Rare Earths
As China continually tightens the reins on rare earth exports, Great Western Minerals Group (GWG-V, GWMGF-O) is trying to secure its own supply by signing an option agreement with a South African comp…
Chilean Miner Buys Majority Stake In Explorator Chile
VANCOUVER — Explorator Resources (EXO-V, EXRAF-O) is selling a 51% stake in its Chilean subsidiary, Explorator Chile, to intermediate copper miner Sociedad Punta del Cobre (Pucobre) for a US$17-milli…
$250M Loan Puts Katanga In Glencore’s Thrall
Faced with the mounting financial distress of Katanga Mining (KAT-T, KATFF-O), the company’s shareholders have agreed to let the world’s largest commodity trader step in.
BHP Moves To Stanch The Bleeding
VANCOUVER–The world’s biggest mining company has joined the lengthy list of majors to close operations and trim payrolls in the face of sagging metal prices. BHP Billiton( BHP-N, BLT-L, BHP-A) is sus…
Merger Cash To Help Potash One Advance Legacy
As many juniors deliberate over doing financings amidst the market turmoil, Potash One (KCL-T, KCLOF-O) president and CEO Paul Matysek is getting ready to coast through the next year once his company …
OSC Ruling Could Stymie HudBay-Lundin Deal
With one ruling from the Ontario Securities Commission (OSC), the futures of both HudBay Minerals (HBM-T, HBMFF-O) and Lundin Mining (LUN-T, LMC-N) have been drastically altered.
The Expert’s Guide To Alternative Financing
The economic crisis means mining companies will have to get more creative in finding non-traditional routes to financing, investment bankers and consultants warned at a recent MineAfrica seminar on mi…
Hana Mining Hits Copper-Silver In Botswana
VANCOUVER–New results from the Ghanzi copper-silver project in Botswana show promising grades for owner Hana Mining (HMG-V).
Dividends (February 02, 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 $25 each in cash, plus accruded and unpaid dividends. Alc…
International Quotes (February 02, 2009)
Australia (A$) Jan 27 Jan 20 Change Bendigo Mining 0.15 0.14 0.01 Kingsgate Cons. 6.64 3.44 3.20 Lion Selection Ltd 0.67 0.72 -0.05 Newcrest Mining 33.15 30.53 2.62 Z…
Red Back Raises $150M For African Gold Operations
VANCOUVER– Red Back Mining (RBI-T, RBIFF-O) is riding the gold tide and raising money again. It was only two months ago that the gold producer had to boost a $40- million financing to $60 million bec…