Severstal and Chalco cutting output (October 14, 2008)
Severstal, Russia’s largest steel maker, is slashing output in Russia, the U.S. and Europe by 25-30% amidst slowing…
Articles by Northern Miner Staff
Positive results for Stornoway’s Aviat diamond project
A conceptual study suggests that the Eastern Sheet Complex at Stornoway Diamond’s (SWY-T) Aviat project in eastern …
Intl. Beryllium acquires second metal fabricator
International Beryllium (IB-V) continues to expand in the beryllium fabrication marketplace. After signing a letter…
Asian Mineral shelves Vietnamese nickel project
Market conditions, higher export tariffs and lack of capital are preventing Asian Mineral Resources (ASN-V, AIERF-o) from developing the first nickel mine in Vietnam.
Infinito Gold looks to unlock Costa Rica’s mining potential
SITE VISIT San Jose, Costa Rica — When prospector Tim Coates wanted to head up into these tropical rainforests in Costa Rica’s northeastern zone back in the early ’90s, he…
LENDING RATES (October 13, 2008)
as of 9 a. m. ET, Oct. 7, 2008 (%) Bank of Canada 3.25 Target overnight rate 3.00 Canadian Prime 4.75 U. S. Discount Primary 2.25 U. S. Fed Funds market rate 2.00 U. S. Prime 5…
DIVIDENDS (October 13, 2008)
Note: Vale will pay $0.52* on common and pr sh in two instlmnts on Apr 30 and Oct 31. Alcoa will pay its quarterly div of US$0.9375 for US$3.75 cmltv…
Pacific Comox makes progress at Mabel (October 13, 2008)
Pacific Comox Resources (PCM-V, PAOCF-o) has completed a 7,000- metre drill program at its Mabel gold-silver project in Sonora state, and some of the results have started to come in.
Redpath acquires Aussie mining contractor Eroc
North Bay, Ont.-based mining contractor The Redpath Group has cemented its place in the Australian mining sector through its acquisition of Eroc Pty. Ltd.
Snowden to prepare Golden Peaks resource
Snowden Group is set to prepare an independent resource calculation for Argentinian-focused mining company Golden Peaks Resources’ (GL-T, GDPEF-o) La Fortuna gold project.
Linear Metals expands Cobre Grande
Using assays from the last two reverse- circulation holes on its Cobre Grande copper project in Mexico, Linear Metals (LRM-t) has extended the El Oso mineralized zone to a strike length of 300 metres….
PEOPLE (October 13, 2008)
Abacus Mining — James Whittaker appointed project manager for the Afton-Ajax mine.