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…
Articles by Northern Miner Staff
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…
Platinum’s future looks bright
Vancouver — If silver’s moniker is the poor man’s gold, platinum’s buoyant price performance must certainly place it in the running as a much richer man’s precious metal. However, despite the lofty p…
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$16.00-per-share bid for control of NovaGold Resources (NG-T, NG-X) at presstime, Barrick Gold (ABX-T, ABX-N) appears likely to become nothing more th…
Editorial: Mining and CSR, Part II
In Part I last week, we began our look at how three high-profile accidents at Canadian-operated mines in the mid-1990s provoked fundamental changes in the Canadian mining industry, and focused on a sp…
No substitute for common sense
Mining Explained
Suppliers News (December 11, 2006)
European auto emissions catalyst for Inco joint venture
Daily Metal Prices (December 11, 2006)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
LME Warehouse Levels (December 11, 2006)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 4, 2006 (change from Nov. 27 in brackets):