UrAsia Secures uranium contracts in hot market
UrAsia Energy (UUU-V, UAEYF-O, UUU-L) recently announced five new agreements for uranium concentrates from its Akdala uranium mine in Kazakhstan — and then saw its share price drop.
Articles by Northern Miner Staff
Civil unrest gives way to fragile peace in Kyrgyzstan
While the signature of Kyrgyzstan’s president on constitutional reforms has — at least for the moment — quelled the raucous opposition gathering at the gates of the central Asian state’s parliament,…
Australia’s Western Areas backs Mustang at Maskwa (November 27, 2006)
Perth, Australia-based nickel miner Western Areas (WSA-T, WSA-A) is investing up to $5 million in Mustang Minerals (MUM-V, MSMGF-O), enough money to allow the Toronto-based junior to complete a feasib…
Lending Rates (November 27, 2006)
as of 4 pm ET, Nov. 20, 2006 (%) Bank of Canada 4.50 Target overnight rate 4.25 Canadian Prime 6.00 U.S. Discount Primary 6.25 U.S. Fed Funds market rate 5.25…
Dividends (November 27, 2006)
Company Div. Pay Record ($) Date Date Alcoa 0.15* Nov 25 Nov 3 Noranda Incm Fd 0.085 Nov 27 Oct 31 Quest Capital 0.02 Nov 30 Nov 15 Phelps Dodge…
Exchange Rates (November 27, 2006)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Some bits about diamond drilling
Diamond core bits are generally made with drilling solid rock in mind. Rock may be broken, hard, abrasive, etc., but will usually make its way up into the core tube en route to the geologist’s core ta…
Starfield advances Ferguson Lake (November 27, 2006)
Vancouver — In wrapping up its 2006 drilling program at the Ferguson Lake copper-nickel-platinum group metals project located 240 km west of Rankin Inlet, Nunavut, Starfield Resources (SRU-V, SRFDF-O…
Teck puts $30M into Tahera
Vancouver — Teck Cominco (TCK.B-T, TCK-N) plans to invest $30 million in Tahera Diamond (TAH-T, TAHEF-O) through a private-placement that would give the major a 16% stake in Canada’s newest diamond m…
Forest Gate increases leverage with diamond find
Forest Gate Resources (FGT-V, FOGTF-O) has found diamonds on its West Side property in the Fort la Corne area of Saskatchewan.
Daily Metal Prices (November 27, 2006)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Freeport to swallow Phelps
If shareholders give the go-ahead, Freeport-McMoRan Copper & Gold’s (FCX-N) proposed takeover of Phelps Dodge (PD-N) will create the world’s largest publicly traded copper company and the largest …