Monument Loses $10M Credit Line
VANCOUVER — Two lenders have backed out of a $10-million credit facility earlier promised to Monument Mining (MMY-V, MMTMF-O). But despite the loss of funds, the company says construction of its Seli…
Articles by Northern Miner Staff
Sprott’s Moly Fund Is Done
Falling molybdenum prices have ended the Sprott Molybdenum Participation Corp. (MLY-T) fund.
Avalon Gets Top Drill Grades From Lake Zone
Avalon Ventures (AVL-T, AVVTF-O) set out to define the eastern, southern and western margins of the Lake zone at its Thor Lake rare metals project near Yellowknife, N. W. T. But encouraging drill resu…
Moon Dust And Hairy Rocks
The Royal Ontario Museum (ROM) in Toronto has opened the doors to its Earth’s Treasures exhibit located in the Teck Suite of Galleries, sponsored by Teck (TCK. B-T, TCK-N).
LME Warehouse Levels (January 19, 2009)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 13, 2009 (change from Jan. 6 in brackets):
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 …
North American Tungsten Bets On Unleaded Future
VANCOUVER — North American Tungsten (NTC-T, NATUF-O) is transforming itself. No longer is it just a tungsten mining company responsible for making about 4% of the world’s tungsten concentrates. It is…
Editorial: Mining Sector Layoffs Pick Up Steam
Quite a few miners across Canada and beyond rang in the new year with layoff notices, as the autumn commodities bust worked its way into the employment scene.
Commentary: Commodity Prices To Bottom In 2009: Banks
While TD Bank sees the commodities market starting to rebound in the second half of 2009, followed by more pronounced price increases in 2010, the World Bank believes that, over the long term, commodi…
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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