U. S. MARKETS (April 28, 2008)
Are U. S. stocks starting to recover? The chief investment strategist and chairman of the investment policy committee at Standard & Poor’s seems to think so. In an investment outlook teleconferenc…
Articles by Northern Miner Staff
Osisko predicts 14-year life at Canadian Malartic gold project
A scoping study of the Canadian Malartic gold project near Val d’Or, Que., suggests the deposit will produce 572,000 oz. gold per year at a cash cost of US$314 per oz. for the first three years of pro…
Premier shifts focus to Geraldton gold project
Premier Gold Mines (PG-T, PIRGF-O) plans to drill 50,000 to 100,000 metres on its exploration projects in Northwestern Ontario and Mexico this year with a new focus on its project in Geraldton, Ont.
Appointment
Mr. Stephen Rogers
Rio Tinto Alcan developing greener smelting technology
Aluminum giant Rio Tinto Alcan, a subsidiary of Rio Tinto, has announced that it has begun development of new smelting technology that could reduce energy consumption by 20%.
LENDING RATES (April 28, 2008)
as of 9 a. m. ET, April 22, 2008 (%) Bank of Canada 3.75 Target overnight rate 3.00 Canadian Prime 5.25 U. S. Discount Primary 2.50 U. S. Fed Funds market rate 2.25 U. S. Prime …
Feasibility study for Ashdown moly mine
Although molybdenum production is already under way at the Ashdown mine near Denio, Nev., 60-40 joint-venture partners Golden Phoenix Minerals (GPXM-O) and Win-Eldrich Mines (WEX-V, WIDMF-O) have rele…
INTERNATIONAL QUOTES (April 28, 2008)
Australia (A$) April 22 April 8 Change Bendigo Mining 0.29 0.29 0.00 Centamin Egypt 1.51 1.49 0.02 Croesus Mining 0.28 0.28 0.00 Kingsgate Cons. 4.31 4.15 0.16 Lion S…
FACTS AND FIGURES World mining equipment demand to grow 5% annually
World demand for mining equipment is expected to grow 5% annually through 2011, according to a new report issued by Ohiobased research group, Freedonia.
Crosshair budgets $10M for Labrador
Crosshair Exploration & Mining (CXX-V, CXZ-X) has closed a $15- million bought-deal financing to continue exploring on its Central Mineral Belt uranium property in Labrador.
Northern BC power line could spark investment
VANCOUVER — A power line into northern British Columbia could attract $3.5 billion in mining investment, according to the preliminary results of an independent study by Macquarie North America.
TSX VENTURE EXCHANGE (April 28, 2008)
The S&P-TSX Venture Composite Index managed a small gain in the third week of April, closing the April 15-21 trading session up 12.16 points at 2,559.82.