Fronteer plans to acquire Aurora Energy Resources
Fronteer Development Group (FRG-T, FRG-x) is the single largest shareholder, with 42%, of Aurora Energy Resources (…
Articles by Northern Miner Staff
Freeport-McMoRan To Run Lean In 2009
Vancouver– Freeport- McMoRan Copper & Gold (FCX-n) is making deep cuts to capital spending, nixing its dividend and chopping copper production by 5% in 2009 and by 11% in 2010.
Editorial: Code Red For Rio Tinto
Rio Tinto’s debt pangs grew acute during the week ended Dec. 13, the fiftieth trading week of 2008. They were set off this time around by the late November collapse of BHP Billiton’s drawn-out hostile…
Correction (December 22, 2008)
In the story “Second time’s the charm at Boyongan” ( T. N. M., Dec. 8-14/08), we inaccurately stated that Philex Gold is purchasing a further 50% interest in the Boyongan project from Anglo American. …
U. S. Markets December 9-15
Broad U. S. equity indices were down during the Dec. 9-15 trading session, with the Dow Jones Industrial Average dropping 370 points, or 4.1%, to 8,565; the S&P 500 index losing 41 points, or 4.5%…
Toronto Stock Exchange December 9-15
A slight improvement in commodities prices helped offset the losses for the S&P/TSX composite index over the Dec. 9-15 trading period. The benchmark fell 105 points or 1.2%, to finish at about 8,4…
TSX Venture Exchange December 9-15
A modicum of confidence managed to infiltrate the TSX Venture Exchange during the Dec. 9-15 trading session. The Venture board climbed 18.73 points out of the high 600s to close at 716.81 points. High…
Lme Warehouse Levels (December 22, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 16, 2008 (change from Dec. 9 in brackets):
Iberian Back In Black With Hedges
Vancouver — Iberian Minerals (IZN-V, IZNFF-o) is now debt-free at its Aguas Tenidas copper-zinc project, 110 km northwest of Seville, Spain.
Intrepid Hits Lengthy Gold Intervals In Indonesia
Vancouver — Recent drilling at Zone A of the Tumpangpitu prospect delivered Intrepid Mines (IAU-T, IAU-a) its best oxide drill results to date from the Tujuh Bukit property, near the eastern tip of J…
Producer And Dealer Prices (December 22, 2008)
Antimony: Mid-mkt US$4,850 /t.
Fortress Cuts High-Grade At Svetloye
Vancouver– Fortress Minerals (FST-V, FTMNF-o) has pulled a long and tantalizingly high-grade gold intercept from the Amy zone at its Svetloye property, 220 km southwest of Okhotsk, in Russia’s Far Ea…