DAILY METAL PRICES (June 09, 2008)
Date June 2 May 30 May 29 May 28 May 27 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 2650/2680 2670/2690 2635/2670 2651/2690 2671/2710 A…
Articles by Northern Miner Staff
NORTH AMERICAN STOCK EXCHANGE INDICES (June 09, 2008)
52-week Date June 2 May 30 May 29 May 28 May 27 High Low S&P/TSX-Ven Comp 2651.89 2657.00 2628.60 2648.25 2650.50 3341.56 2340.21 TSX Composite 14814.18 14714.73 14577.17 146…
LENDING RATES (June 09, 2008)
as of 9 a. m. ET, June 3, 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…
DIVIDENDS (June 09, 2008)
Note: Vale will pay $0.52* on common and pr sh in two instlmnts on Apr 30 and Oct 31. Alcoa will pay $0.9367* per share on $3.75* cmltv prf stk on July 1, rec June 13. Hecla Mining will pay $0.875* di…
Frontier rejects hostile bid by Eldorado
VANCOUVER–The board of Frontier Pacific Mining (FRP-V) is recommending that shareholders reject an unsolicited takeover bid from Eldorado Gold (ELD-T, EGO-A) valued at about $148 million, or $157 mil…
Human geology 101
A smouldering controversy over the resettlement of villagers in South Africa to make way for the expansion of an Anglo Platinum (AMS-J, AGPPF-O) mine underscores the importance of getting relocation e…
Fertilizer prices lure Great Western Minerals
Hoping to cash in on spiking fertilizer prices, Great Western Minerals Group (GWG-V, GWMGF-O) is evaluating whether to develop phosphate as a byproduct at its Hoidas Lake rare earth elements property …
TSX VENTURE SHORT POSITIONS (June 09, 2008)
Short positions outstanding at May. 15/08 (with changes from Apr. 30/08).
Great Panther roars in Mexico (June 09, 2008)
SITE VISIT GUANAJUATO, MEXICO– Great Panther Resources (GPR-T, GPRLF-O) has reopened the historic Guanajuato silver mine, which the company believes has produced more that 1 billion oz. of silver sin…
Diagem thwarted in Brazilian Amazon (June 09, 2008)
Diagem (DGE-V, DGEMF-O) has stopped activities at its Chapadao diamond project in Brazil.
Mining industry tackling skills shortage
The story is the same across the entire mining industry in Canada: a serious labour shortage. While Canada’s mining industry is growing, creating strong demand for workers, at the same time supply is …
Kupol comes online
The week ended May 31, the 22nd trading week of 2008, was highlighted by a feat many said was too difficult to pull off.