KAL Energy boosts its coal resource in Indonesia
Thermal coal explorer and developer KAL Energy (KALG-O) has expanded its resource at one of two concessions it hold…
Articles by Northern Miner Staff
Tsx Venture Short Positions (December 01, 2008)
Short positions outstanding at Nov. 15/08 (with changes from Oct. 31/08).
Dividends (December 01, 2008)
Note: Alcoa will pay its quarterly div of US$0.9375 for US$3.75 cmltv pr sh on Jan 1, rec Dec 12. Xstrata Canada will pay $0.2863 div for pref sh series…
Arctic Star Diamond Pushes Ahead With Nickel Discovery
When junior explorer Arctic Star Diamond (ADD-v) acquired its Credit Lake property — “within sight of Canada’s greatest diamond mines” in the Northwest Territories four years ago–it didn’t expect to…
Lending Rates (December 01, 2008)
as of 9 a. m. ET. Nov. 25, 2008 (%) Bank of Canada 2.50 Target overnight rate 2.25 Canadian Prime 4.00 U. S. Discount Primary 1.25 U. S. Fed Funds market rate 1.00 U. S. Prime …
Exchange Rates (December 01, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Nov. 24 Nov. 21 Nov. 20 Nov. 19 Nov. 18 US$ in C$ 1.2250 1.2854 1.2855 1.2370 1.2239 C$ in US$ 0.8163 0.7780 0.7779 0.8084 0…
North American Stock Exchange Indices (December 01, 2008)
52-week Date Nov. 24 Nov. 21 Nov. 20 Nov. 19 Nov. 18 High Low S&P/TSX-Ven Comp 722.79 704.17 691.95 730.09 750.25 2886.39 685.07 TSX Composite 8440.87 8155.39 7724.76 8490.56…
NovaGold Shutters Rock Creek Mine
Vancouver — NovaGold Resources (NG-T, NG-x) shares plunged $1.48 to close at 72 after the company announced it was suspending production at its Rock Creek gold mine and that it wouldn’t be able to m…
BHP Billiton Drops Rio Tinto Offer
The world’s largest miner, BHP Billiton (BHP-N, BLT-l), has withdrawn its hostile takeover bid for fellow mega-miner Rio Tinto (RTP-N, RIO-l).
Tsx Short Positions (December 01, 2008)
Short positions outstanding at Nov. 15/08 (with changes from Oct. 31/08).
Canadian Gold Mutual Funds (December 01, 2008)
Featured Fund: Altamira precious & Strategic Metals, as of 07/31/08 (in weighted order): Goldcorp, Barrick Gold, Kinross Gold, Agnico-Eagle Mines, Yamana Gold, Franco-Nevada, Newmont Mining, Compa…
HudBay Bids For Lundin
Vancouver — In a move that took investors and analysts by surprise, HudBay Minerals (HBM-T, HBMFF-o) and Lundin Mining (LUN-T, LMC-n) plans to merge into what they hope will be the next major global …