Dip In Dollar Good For Fortune
The drop in the Canadian dollar is good news for Fortune Minerals’ (FT-T, FTMDF-O) Lost Fox deposit at its Mount Klappan anthracite coal project, located 330 km northeast of Prince Rupert, B. C.
Articles by Northern Miner Staff
Lending Rates (January 19, 2009)
as of 9 a. m. ET. Jan. 13, 2009 (%) Bank of Canada 1.75 Target overnight rate 1.50 Canadian Prime 4.00 U. S. Discount Primary 0.50 U. S. Fed Funds market rate 0-0.25 U. S. Prime …
Dividends (January 19, 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.
Polaris Closes $25M Financing
VANCOUVER — Quarry operator Polaris Minerals (PLS-T, POLMF-O) will eliminate a $20-million bridge loan and add about $5 million to its treasury with a bought-deal financing that closed in January, th…
Alcoa Slices Spending, Workforce
VANCOUVER — Aluminum giant Alcoa (AA-N) is slashing production levels, jobs, and expenditures in an attempt to keep the company strong during these “extraordinary times”.
Healthy Potash Price Can’t Stop The Layoffs
Gold, uranium and potash have been the three bright spots for the mining sector through what has been a historically bleak period.
International Quotes (January 19, 2009)
Australia (A$) Jan 13 Jan 6 Change Bendigo Mining 0.15 0.15 0.00 Kingsgate Cons. 3.36 3.53 -0.17 Lion Selection Ltd 0.75 0.78 -0.03 Newcrest Mining 31.48 31.60 -0.12 …
Monument Starts To Sparkle For New Nadina
VANCOUVER — Drill results from the Monument diamond project in the Northwest Territories point to the possibility of finding sizable stones, say its joint-venture owners.
Continental Nickel Makes Headway In Tanzania
Nickel prices may be in the dumps, but that isn’t dampening Continental Nickel’s (CNI-V, CNKDF-O) drive at its Nachingwea nickel sulphide project in Tanzania, which recently returned some encouraging …
People (January 19, 2009)
American Creek Resources — Seamus Young has retired as a director.
First Majestic Drilling Grows La Encantada Reserves By 187%
VANCOUVER — A 6,700-metre drill program at the La Encantada mine in the northeastern Mexican state of Coahuila has paid off for First Majestic Silver (FR-T, FRMSF-O).
Spot Prices (January 19, 2009)
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