LENDING RATES (September 15, 2008)
as of 9 a. m. ET, Sept. 9, 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 …
Articles by Northern Miner Staff
China reaches out
Some highlights of recent mining acquisitions by Chinese companies include:
Breakwater joins Blue Note back at Caribou (September 15, 2008)
As tumbling prices hamper zinc producers, Breakwater Resources (BWR-T, BWLRF-O) has taken a 20% interest in Blue Note Mining’s (BN-T, BNMFF-O) Caribou zinc mine complex in New Brunswick, where product…
NovaGold sells Ambler, mulls further sales
Now that troubled NovaGold Resources (NG-T, NG-X) has found a buyer for the last of its non-core assets, the company says it will consider selling any of its flagship projects in northwestern British …
Sherwood and Capstone to merge (September 15, 2008)
VANCOUVER — So long as shareholders at S h e rwo o d Copper (SWC-V, SWOPF-O) bless the marriage, Sherwood and Capstone Mining (CS-T, CSFFF-O) will merge to form a single company with about a half bil…
China: From investee to investor
The past decade has seen China gradually shift from being a net recipient of overseas investment in the mining sector to being a net provider of mining investment overseas. Companies have to recognize…
Editorial: Hedge funds humbled
The past half year of plummeting commodity prices took its toll on two big-name commodity funds during the week ended Sept. 6, the 36th trading week of 2008.
Soho’s sunny results can’t thaw icy market
VANCOUVER — Like many other juniors, Soho Resources (SOH-V, SHRJF-O) continues to receive a chilly reaction from the market on the release of decent drill results.
South Africa could restrict uranium exports
South Africa may soon limit uranium exports to ensure the country will be able to satisfy its own demand for the radioactive metal.
Blessed be thy mine: Pope presented with Buffalo Gold chalice
Buffalo Gold’s (BUF-V, BYBUF-O) new connection to Pope Benedict XVI could benefit the company’s future development plans on the Italian island of Sardinia.
DAILY METAL PRICES (September 15, 2008)
PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Olympus Pacific goes it alone (September 15, 2008)
Olympus Pacific Minerals (OYM-T, OLYMF-O) is debt-free with about $16 million in the bank. But when the junior Canadian gold producer recently tried to borrow a total of $50 million from several banks…