EXCHANGE RATES (August 25, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Aug. 18 Aug. 15 Aug. 14 Aug. 13 Aug. 12 US$ in C$ 1.0605 1.0609 1.0620 1.0657 1.0640 C$ in US$ 0.9430 0.9426 0.9416 0.9384 0…
Articles by Northern Miner Staff
Indonesia could be tricky for BHP
A battle could be brewing for BHP Billiton (BHP-N, BLT-L) on a small island in Indonesia, where the company could soon find itself in the sights of environmental groups.
Yankee Hat forms tungsten JV with Japanese group (August 25, 2008)
Restrictions on tungsten exports from China have caused resource-poor Japan to look to the Yukon and Northwest Territories as a new source for the rare metal.
Dia Bras brings in Q2 revenue of $6.7M
Dia Bras Exploration (DIB-V, DBEXF-O)says it’s on target to process 144,000 tonnes of ore in 2008 at its pilot mining projects in Chihuahua state, Mexico.
TSX SHORT POSITIONS (August 25, 2008)
Short positions outstanding at July 31/08 (with changes from July 15/08).
LENDING RATES (August 25, 2008)
as of 9 a. m. ET, Aug 19, 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…
Fortune rejigs Mt. Klappan feasibility
VANCOUVER–A lot has changed in the two and a half years since Fortune Minerals’ (FT-T, FTMDF-O) last feasibility study for the Mount Klappan anthracite coal project, 330 km northeast of Prince Rupert…
Cameco in the dog days of summer
Cameco’s( CCO-T)remediation program has been thwarted again at Cigar Lake, one ofthe world’s largest undeveloped uranium deposits, situated in Saskatchewan’s Athabasca basin.
SRA fights to keep its head above water
Third quarter results from Strategic Resource Acquisition (SRA) (SRZ-T) haven’t reversed the company’s dire fortunes; they’ve only made them worse.
Nevoro buys some Moonlight
Nevoro (NVR-T) has finalized the acquisition of Sheffield Resources after Sheffield shareholders voted to approve the takeover. Nevoro is paying 0.8 of a Nevoro share for each of the approximately 37….
Linear drills KM61 moly discovery
SITE VISIT ARMSTRONG, ONT.–If there is one character trait that a geologist must have, it is perseverance, and Matt Rees, chief geologist of Linear Metals (LRM-T, LMTCF-O), certainly possesses this…
Rau results get Atac noticed
VANCOUVER–The first drill result out of Atac Resources’ (ATC-V)Rau gold project in the central Yukon impressed investors enough to give the junior a nice share price lift.