More consolidation likely in oilsands
News reports that India’s biggest oil producer, Oil & Natural Gas Corp. (ONGC) is negotiating to buy a 100% interest in an unidentified mid-sized Canadian oilsands company has unleashed a flood of…
Articles by Northern Miner Staff
Kinbauri drilling hints at Black Skarn extension
The latest assays from Kinbauri Gold’s (KNB-V) infill drill program at the El Valle mine in Spain show high-grade mineralization that could extend the Black Skarn North zone, possibly linking it up wi…
Mega projects facing mounting costs
Developing Canada’s oilsands is far more complex and expensive than conventional oil and gas production. Multibillion-dollar upgraders are needed to convert the raw bitumen, a heavy, viscous material,…
Teck Cominco a mining pioneer in oilsands
VANCOUVER–The sky-high cover charge for entry into Alberta’s oilsands has kept most mining companies from diversifying into this rapidly expanding sector of the energy business. One notable exception…
Japan Canada Oil Sands to quadruple production at Hangingstone
For a decade now, bitumen production at Japan Canada Oil Sands’ (JACOS) Hangingstone demonstration plant south of Fort McMurray, Alta., has been caught between experimental mode and commercial product…
DIVIDENDS (June 02, 2008)
Note: Xstrata will pay its pref sh series 3 div of $0.2862 on June 2, rec May 15. Vale will pay $0.52* on common and pr sh to be paid in two instlmnts on Apr 30 and Oct 31. Alcoa will pay $0.9367* per…
INTERNATIONAL QUOTES (June 02, 2008)
Australia (A$) May 27 May 20 Change Bendigo Mining 0.31 0.32 -0.01 Centamin Egypt 1.42 1.44 -0.02 Croesus Mining 0.33 0.30 0.03 Kingsgate Cons. 5.62 5.60 0.02 Lion Se…
Coalcorp raises $120M for ‘streamlined growth’
VANCOUVER — After a strategic review prompted by an unsolicited takeover offer, Coalcorp Mining (CCJ-T, CCJMF-O) is planning to ramp up production at its La Francia coal mine in Colombia to 6 million…
Oromin rewarded for rapid progress at Sabodala
VANCOUVER — It’s a golden cycle for Oromin Explorations (OLE-V, OLEPF-O): strong drill results prompt the company to add more rigs to its Sabodala gold project, then the added rigs produce more stron…
BID-ASK — MAY 20-26, 2008
12-MONTH STOCK EXC BID ASK LAST HIGH LO Absolut Res V 0.80 0.98 0.98 1.30 0.001 Affinor Res V 0.16 0.17 0.16 0.18 0.12 Afrasia Minl F V 0.25 0.60 0.22 0.49 0….
Higher input costs will squeeze margins, Citigroup says
Despite rising costs, mining companies will still be able to deliver “sustainably higher” earnings before tax and depreciation (EBITDA) margins over the next five years than they have over the past 20…
Supercycle skeptics sound off
For the last two weeks, we’ve been hearing mostly positive views about the commodity supercycle. In the last of a 3-part series, more supercycle skeptics have their say.