Gahcho Ku JV yields 25-carat diamond
Mountain Province Diamonds (MPV-T, MDM-X) and joint-venture partner De Beershave found a 25.13- carat gem-quality diamond at their Gahcho Ku diamond project in Canada’s Northwest Territories.
Articles by Northern Miner Staff
CNQ TRADING — JULY 8-14, 2008
(100s) WEEK 12-MONTH STOCK TICKER VOLUME HIGH LOW LAST CHANGE HIGH LOW Avanti Mining Inc AVMI 165 0.46 0.46 0.46 0.00 0.80 0.23 Continent Res CORE 1150 0.35 0.30 0.35 0…
DIVIDENDS (July 21, 2008)
Note: Vale will pay $0.52* on common and pr sh in two instlmnts on Apr 30 and Oct 31. A
Eldorado signs on for Tocantinzinho earn-in (July 21, 2008)
VANCOUVER — Eldorado Gold (ELD-T, EGO-X) is focused on expansion. Fresh from negotiating a takeover of Frontier Pacific Mining (FRP-V, FRPMF-O), the Vancouver- based producer just signed on to earn i…
Khan bested in bid for Western Prospector
Western Prospector Group’s (WNP-V, WEPGF-O) confidence that Khan Resources (KRI-T, KHRIF-O) wouldn’t succeed in a hostile takeover bid for the company is proving well founded.
Will auto industry woes derail lead, platinum?
The recent sales figures coming out of the automotive industry in Detroit have been awful, leading to layoffs at some of the Big Three auto makers and at auto parts suppliers. Since cars are among the…
LENDING RATES (July 21, 2008)
as of 9 a. m. ET, July 14, 2008 (%) Bank of Canada 3.25 Target overnight rate 3.00 Canadian Prime 4.75 U. S. Discount Primary 2.25 U. S. Fed Funds market rate 2.00 U. S. Prime …
EXCHANGE RATES (July 21, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date July 14 July 11 July 10 July 9 July 8 US$ in C$ 1.0061 1.0092 1.0102 1.0108 1.0207 C$ in US$ 0.9939 0.9909 0.9899 0.9893 0.9…
Boreal plan could be bad news for miners
Mining, forestry and all other kinds of development will be banned from nearly half of Ontario’s northern boreal region, the Ontario Liberal government has announced.
METALS COMMENTARY (July 21, 2008)
In the next 12 months, Citigroup Global Markets thinks Alcoa is going to move to US$50 per share from US$32.78 on the back of stronger aluminum prices.
Editorial: Good news for US miners in Ninth Circuit
During the week ended July 12, the 28th trading week of 2008, miners active in the western U. S. soaked in a rare bit of good news from the U. S. court system.
AMEC hired as engineering team for Afton/Ajax project
Vancouver-based Abacus Mining & Exploration (AME-V) has hired AMEC Americas to build an updated mineral resource model and carry out the necessary engineering work at the company’s Afton- Ajax pro…