Exchange Rates (January 19, 2009)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Jan. 12 Jan. 9 Jan. 8 Jan. 7 Jan. 6 US$ in C$ 1.2077 1.1923 1.1888 1.1853 1.1823 C$ in US$ 0.8280 0.8387 0.8412 0.8437 0.845…
Articles by Northern Miner Staff
Strongbow To Tally Nickel King Resource
In September, Strongbow Exploration (SBW-V, SBWFF-O) received assay results for the final 14 holes of its 2008 drill program at its Nickel King project in the Northwest Territories.
SouthGobi Sells Metal Projects To Ivanhoe
VANCOUVER–For $3 million, Ivanhoe Mines (IVN-T, IVN-N) is buying all the metal assets of its 79%-owned spinoff SouthGobi Energy Resources (SGQ-V, SGQRF-O), as well as extending it a $30-million line …
Andina Riding High At Volcan
SITE VISIT COPIAPO, CHILE — Using its US$19 million in working capital, Andina Minerals (ADM-V, ADMNF-O) is moving forward on its advanced Volcan gold-sulphur exploration project here, high in the…
Debt Troubles Start To Pile Up For Miners
VANCOUVER–For a growing number of mining companies unable to make payments on significant debts, the prospects for a happy new year are growing dim.
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.
U.S. Markets – Jan. 6-12
Many are wondering how far the bailout package in the United States will go in fixing the economy. Ben Bernanke, chairman of the Federal Reserve, says the US$700-billion stimulus should help revive th…
Toronto Stock Exchange – Jan. 6-12
The TSX fell during the Jan. 6-12 trading session, with the S&P/TSX composite index losing 492 points, or 5.3%, to 8,793. Metal and mining issues sustained heavier losses, with the S&P/TSX Cap…
TSX Venture Exchange -Jan. 6-12
VANCOUVER — It was an up-and-down week for the S&P/TSX Venture composite index over the Jan. 6-12 trading session. The board started the week by climbing above the 900-point mark, a height it has…