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…
Articles by Northern Miner Staff
Big money keeps on rolling in (December 10, 2007)
Vancouver — Despite the recent bearish trend in mining indices, financings continue to abound with exploration companies still attracting plenty of capital.
Exchange Rates (December 10, 2007)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Editorial: Galore Creek blues
The week ended Nov. 30, the 48th week of 2007, saw British Columbia’s mining sector rattled by bombshell news that NovaGold Resources and Teck Cominco are mothballing development of their Galore Creek…
Anglo American CEO sees ‘solid’ metals outlook in ’08
Beijing, China–In her keynote speech at the recent China Mining Conference here, Anglo American (AAUK-Q, AAL-L) chief executive Cynthia Carroll highlighted key trends — and concerns — in the mining…
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.
Quebec exploration on the rise
Facts ‘N’ Figures
Daily Metal Prices (December 10, 2007)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Producer and Dealer Prices (December 10, 2007)
Antimony : Mid-mkt US$5,570/t.
Copper-hungry Sherwood taking over Western Keltic (December 10, 2007)
Vancouver — Fresh off the success of its newly opened and already growing Minto mine, Sherwood Copper (SWC-V, SWOPF-O) has launched a friendly takeover bid for Western Keltic Mines (WKM-V, WLKTF-O) i…