U. S. MARKETS JULY 22-28
First the good news: The price of crude oil — which has doubled over the last year — seems to be easing somewhat. Crude has declined about US$23 from its record high of US$147.27 a barrel earlier th…
Articles by Northern Miner Staff
Largo bets on hunger for Yukon tungsten
SITE VISIT TESLIN, YUKON–“If China’s hoarding their tungsten, where does Japan go?” Tim Mann, Largo Resources’ (LGO-V, LGORF-O) vice-president of engineering, asks a small gathering of drillers, geotechs and media…
Brookbank turns golden for Ontex
VANCOUVER–It’s been slow going at the Brookbank gold project in Ontario, but patience is a virtue for Ontex Resources (ONT-T, OXRSF-O): the latest set of assay results from the site include some of t…
Western Bushveld feasibility tackles South African power issues
A feasibility study for Platinum Group Metals’ (PTM-T, PLG-X) Western Bushveld joint venture in South Africa proposes producing 160,000 oz. platinum per year for at least nine years, plus palladium, r…
NEW HORIZONS (August 04, 2008)
The Canadian Exploration Geophysical Society (KEGS) has awarded 21 scholarships worth a total of $15,000 to undergraduate and graduate students in geophysics.
LME WAREHOUSE LEVELS (August 04, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 29, 2008 (change from July 22 in brackets):
Bears kill 2 geologists in Russia’s Far East
Geologists at a mine in northern Russia have refused to leave their compound after two of their colleagues, who worked on a drill site, were found fatally mauled by bears near the project.
Teck and Xstrata close Lennard Shelf mine
Teck Cominco (TCK. B-T, TCK-N) and Xstrata (XSRAF-O, XTA-L) are closing the Lennard Shelf Pillara zinc-lead mine in Western Australia, because it is no longer economic.
Golden Predator snares Midway
VANCOUVER–Only a few months after manoeuvring a takeover of Fury Explorations (FUR-V, FURXF-O), tungsten producer Golden Predator Mines (GP-T, GPDRF-O) is signing onto a merger with Midway Gold (MDW-…
PRODUCER AND DEALER PRICES (August 04, 2008)
Antimony: Mid-mkt US$6,300.00/t.
Copper Mountain weighs 2010 reopening of B. C. mine
Restarting a past-producing copper and precious metals mine in southern British Columbia looks more and more likely for Copper Mountain Mining (CUM-V).
Editorial: Kinross’s bid for Aurelian: brilliant or nutty?
By far the biggest story during the week ended July 26, the thirtieth trading week of 2008, was the surprise bid by Kinross Gold for Aurelian Resources and its prized Fruta del Norte gold discovery, part of the junior’s Condor project in…