CVRD changes name to Vale
Say goodbye to the abbreviation CVRD. Companhia Vale do Rio Doce, the Brazilian mining giant, has changed its name to Vale (RIO-N).
Articles by Northern Miner Staff
Canadians lead new Scramble for Africa
London, U.K. — Africa is endowed with an abundance of natural resources, particularly minerals — hence the “Scramble for Africa” of the pre-colonization era in the 18th and early 19th centuries, whe…
Petra Diamonds group to buy De Beers’ Cullinan mine
Vancouver — Petra Diamonds (PDMDF-O, PDL-L) is leading a group planning to buy the Cullinan diamond mine in South Africa from De Beers for 1 billion rand (US$149 million).
More water woes for Cameco (December 10, 2007)
Vancouver — Water problems are again affecting underground operations at a Cameco (CCO-T, CCJ-N) uranium project in northern Saskatchewan’s Athabasca basin.
Century kicks off hostile bid for Sulliden (December 10, 2007)
Century Mining (CMM-V, CMNZF-O) has formally launched its hostile, all-share takeover bid for Sulliden Exploration (SUE-T, EXSDF-O).
Gold isn’t all that glitters
While investors buzz about the possibility of gold breaking the US$1,000 per oz. plateau in the coming year, Patricia Mohr, vice-president of industry and commodity research at Scotiabank, says the ho…
WGC predicts stronger gold
With the 1980 record gold price of US$850 per oz. within sight once again, high demand and tight supply of the yellow metal have the World Gold Council predicting a new price floor, making gold’s futu…
Platinum shortfall
Vancouver — Global demand for platinum is poised to touch a record level of 6.93 million oz. this year, up 195,000 oz. or 2.9% from 2006, says refiner and PGM marketing group Johnson Matthey in its r…
Peregrine finds diamondiferous pipes at Nunuq
Vancouver — A little arctic sparkle has boosted shares of Peregrine Diamonds (PGD-T) after drilling on its Nanuq project, in Nunavut, turned up a trio of diamondiferous kimberlite pipes.
LME Warehouse Levels (December 10, 2007)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 3, 2007 (change from Nov. 26 in brackets):
The China factor
Beijing, China–China’s insatiable appetite for iron ore has been a major factor behind the recent enormous price increases and profits in the global iron ore industry.
After surviving DRC’s dog days, Banro nears its payday
SITE VISIT Bukavu, Democratic Republic of the Congo — Flying over lush green folds of land in the eastern Congo, the village huts below, surrounded by groves of banana trees,…