U.S. Markets November 28-December 4
The U.S. markets saw gains during the trading period Nov. 28-Dec. 4, despite an 8.7% drop in durable goods orders. The dip was the biggest in more than six years and larger than economists had forecas…
Articles by Northern Miner Staff
Producer and Dealer Prices (December 11, 2006)
Antimony : Mid-mkt US$5,450/t.
Dividends (December 11, 2006)
Company Div. Pay Record ($) Date Date Russel Metals 0.40 Dec 15 Nov 15 Barrick Gold 0.11* Dec 15 Nov 30 Alcan 0.20* Dec 20 Nov 20 Noranda Incm Fd…
Lending Rates (December 11, 2006)
as of 4 pm ET, Dec. 4, 2006 (%) Bank of Canada 4.50 Target overnight rate 4.25 Canadian Prime 6.00 U.S. Discount Primary 6.25 U.S. Fed Funds market rate 5.25…
Coal train gaining momentum
Vancouver — Canadian coal producers, eyeing forecasts of rising consumption in Asia, are gearing up to take advantage of buoyant prices by expanding their thermal and coking coal operations within th…
Metals forecast
Metal investors can be forgiven if they feel like popping an extra bottle of Dom Prignon this New Year’s Eve. It’s been a rollicking 12-month ride for metal prices, and the shares of many of the comp…
HudBay budgets $45M on exploration, development
As part of a plan to develop marginal deposits while metal prices are high, HudBay Minerals (HBM-T) will spend $8.5 million on a program of infill drilling, a bulk sample and a feasibility study on th…
Rubicon set to spin off African and Newfoundland assets
It’s been a long time coming, but there is light at the end of the tunnel for Rubicon Minerals (RMX-T, RBY-X), which is in the final steps of splitting into three separate public companies, each holdi…
Barrick’s bid for NovaGold expires
Vancouver — With the clock ticking down on its US$16.00-per-share bid for control of NovaGold Resources (NG-T, NG-X) at presstime, Barrick Gold (ABX-T, ABX-N) appears likely to become nothing more th…
A little rough
Strapped for cash, Tahera Diamond (TAH-T) is counting on a $30-million private placement from Teck Cominco (TCK.B-T, TCK-N) to help stem the tide while it attempts to right the underperforming Jericho…
Editorial: Mining and CSR, Part II
In Part I last week, we began our look at how three high-profile accidents at Canadian-operated mines in the mid-1990s provoked fundamental changes in the Canadian mining industry, and focused on a sp…
No substitute for common sense
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