Exchange Rates (December 17, 2007)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Articles by Northern Miner Staff
GlobeStar gets resource for Cumpie Hill
Vancouver — GlobeStar Mining (GMI-T) got a healthy share price boost after an initial resource estimate for its Cumpie Hill project in the Dominican Republic gave investors confidence in the nickel l…
Xstrata boosts Raglan resource (December 17, 2007)
Exploration efforts by Xstrata (XSRAF-O, XTA-L) at its Raglan nickel mine in northernmost Quebec have paid off with a substantial resource boost for the mine’s Zone 5-8, which the company describes as…
Editorial: Red light, green light
With the global commodities boom marching relentlessly forward, the week ended Dec. 8, the 49th week of 2007, was full of major announcements of mines going forward or else being stopped in their trac…
Jinchuan boosts interest in Continental
Vancouver — Chinese smelting group Jinchuan has boosted its interest in aspiring copper producer Continental Minerals (KMK-V, KMKCF-O) to 14% by exercising 8 million of the junior’s warrants for a to…
Daily Metal Prices (December 17, 2007)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Spot Prices Courtesy of Scotiabank Tuesday, Dec. 11, 2007
Precious Metals Price (US$/oz.) Change Gold $806.75 +16.50 Silver $14.62 +0.37 Platinum $1462.00 +2.00 Palladium $345.00 -2.00 Base Metals Price (US$/lb.) Change Nickel $11.80 +0.20 Lead $1.10 -0.18 Copper $3.01…
Freeport-McMoRan restarts Climax mine
With molybdenum prices trading recently at US$32.65 per lb. — up sharply from a 20-year high in 2004 of US$16 — it’s hardly surprising that Freeport-McMoRan Copper & Gold (FCX-N) plans to reopen…
Producer and Dealer Prices (December 17, 2007)
Antimony : Mid-mkt US$5,540/t.
TSX Short Positions (December 17, 2007)
Short positions outstanding at Nov. 30/07 (with changes from Nov. 15/07).
Mirabela Nickel’s Santa Rita shines
When Mirabela Nickel’s (MNB-T, MBN-A) Santa Rita hard rock nickel deposit in Brazil starts producing 18,500 tonnes of nickel in concentrate a year beginning in mid-2009, it will be one of the world’s …
Western Troy adds up at Macleod Lake (December 17, 2007)
Thanks to a field season’s drilling, Western Troy Capital Resources (WRY-V, WTCRF-O) has updated the resource estimate at its Macleod Lake molybdenum-copper project in north-central Quebec.