North American Stock Exchange Indices (January 19, 2009)
52-week Date Jan. 12 Jan. 9 Jan. 8 Jan. 7 Jan. 6 High Low S&P/TSX-Ven Comp 878.35 908.90 899.47 888.32 913.11 2830.89 678.62 TSX Composite 8793.33 9085.18 9221.58 9121.32 9…
Articles by Northern Miner Staff
New Gold Closes Troubled Amapari Mine
Six years ago, mining tycoon Ian Telfer described the Amapari gold mine in Brazil as “one of the best undeveloped gold assets in the Americas.”
Adanac Avoids ‘Fire-Sale’ For Now
VANCOUVER — With more than US$80 million owed on a bridge loan maturing Jan. 31, and about $100 million committed to construction of its Ruby Creek molybdenum project, but only $16 million in the ban…
Fronteer Readies Long Canyon Resource
Fronteer Development Group (FRG-T, FRG-X) has released some strong grades from recent drilling on its 51%-owned Long Canyon gold project, in Elko Cty., Nev., that will be included in an initial resour…
TSX Venture Short Positions (January 19, 2009)
Short positions outstanding at Dec. 31/08 (with changes from Dec. 15/08).
Alcoa Slices Spending, Workforce
VANCOUVER — Aluminum giant Alcoa (AA-N) is slashing production levels, jobs, and expenditures in an attempt to keep the company strong during these “extraordinary times”.
Healthy Potash Price Can’t Stop The Layoffs
Gold, uranium and potash have been the three bright spots for the mining sector through what has been a historically bleak period.
Teck Slashes Jobs, Coal Production
VANCOUVER– Another day, another announcement of job and production cuts: Teck (TCK. B-T, TCK-N) is letting go of 1,400 workers and reducing its 2009 coal production target to 20 million tonnes.
PolyMet Draws On Debt To Feed NorthMet
When credit markets are tight, it’s good to have supporters with deep pockets.
International Quotes (January 19, 2009)
Australia (A$) 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.
Chile Aiding Smaller Copper Miners
VANCOUVER — The Chilean government’s national mining company responsible for assisting small and medium-sized copper producers, ENAMI, will likely pay US$1.99 per lb. copper to those producers until …