Goldsource falls on stepout results
VANCOUVER — After gaining 6,000% in two months, Goldsource Mines (GXS-V, GXSFF-O) just got its first reality check. The company’s share price plummeted on news that the first two exploration holes dr…
Articles by Northern Miner Staff
Cleveland-Cliffs bids for coal miner Alpha Natural
If the takeover by Cleveland- Cliffs (CLF-N) of Alpha Natural Resources (ANR-N) goes ahead, the new entity will own nine iron-ore facilities and more than 60 coal mines across North America, South Ame…
LENDING RATES (July 28, 2008)
as of 9 a. m. ET, July 22, 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 …
UAE pours oil money into mining
In an effort to shield itself from escalating costs of infrastructure-related materials, the government of Ras Al Khaimah, a part of the United Arab Emirates (UAE), has set up what may become the firs…
Midasco sings Utah’s praises
VANCOUVER — It’s a good time to have acquired uranium past-producers, but it’s been tough selling them to the market.
Iron ore market to stay strong in 2009: forecasts
The iron ore boom continues, with the market expected to stay firm through next year, according to a report by the Iron Ore Trust Fund of Geneva-based United Nations Conference on Trade and Developmen…
Editorial: Miners need to be wary of McGuinty
The week ended July 19, the 29th trading week of 2008, kicked off with a surprise announcement by the Ontario government that it would “protect” at least 225,000 sq. km, or roughly half of the provinc…
CNQ TRADING — July 15 -21, 2008
(100s) WEEK 12-MONTH STOCK TICKER VOLUME HIGH LOW LAST CHANGE HIGH LOW Alliance Mining Corp AMCL 105 0.15 0.105 0.105 0.00 0.23 0.085 Arctic Hunter AAAU 40 0.20 0.20 0.20…
DIVIDENDS (July 28, 2008)
Company Div. Pay Record ($) Date Date Goldcorp 0.015* July 25 July 17 Endeavour Mng 0.015 July 31 July 25 Harry Winston 0.05* July 29 July 15…
Miners invited to invest in Indonesia
In an effort to promote mining and exploration in Indonesia, the Canadian embassy in Jakarta has extended an open call for mining companies, junior, intermediate and senior alike, to visit the country…
PEOPLE (July 28, 2008)
Barrick Gold — Greg Wilkins appointed executive vice-chairman following his resignation as president and CEO.
Potash, uranium, key themes at RBC conference;RBC conference
Commodity prices will remain strong for several years to come due to robust demand outside the United States and persistent supply constraints, according to presentations at the recent RBC Global Mini…