Probe closes $41.6M land deal at Borden
December was a great month for Probe Mines (TSXV: PRB; US-OTC: PROBF) president and CEO David Palmer.
Articles by Northern Miner Staff
Barrick to shutter Lumwana as Zambian gov’t hikes royalty
Barrick Gold (TSX: ABX; NYSE: ABX) will soon suspend operations at its Lumwana copper mine in Zambia in response to the Zambian government’s move to more than triple the royalty rate on open-pit mines, starting in 2015.
Sherritt surges as Obama ends US isolation of Cuba
U.S. President Barack Obama’s call for a “new approach” in the U.S. government’s relationship with Cuba, including the establishment of diplomatic relations and an easing of economic and travel restrictions, has lifted…
PE fund invests in IMX’s Ntaka Hill nickel project
Private equity deals have been fewer this year than many in the mining sector had hoped, given the declining fortunes of hundreds of cash-strapped mining companies. So when a deal is made, it tends to get noticed.
Randgold’s Mark Bristow dreams big
Mark Bristow was a 24-year-old university student when he attended a party on the eve of the Midmar Triathalon — a gruelling canoe-cycle-run event held at the Midmar Dam north of Pietermaritzburg in South Africa.
BHP spinoff South32 to launch in mid-2015
BHP Billiton’s (LSE: BLT) spinoff company will be named South32, a nod to the location of its assets in the southern hemisphere and a more cryptic salute to the location of its main offices in Australia and South Africa.
Short Position Report
Short positions outstanding at Dec.15/14 (with changes from Nov.30/14).
Coeur pays US$161 million for Paramount’s San Miguel
VANCOUVER — According to Coeur Mining (NYSE: CDE) president and CEO Mitchell Krebs, the company’s friendly take-over of junior Paramount Gold and Silver (TSX: PZG; NYSE-MKT: PZG) is one of the most “logical and strategic acquisitions”…
Short Position Report
Short positions outstanding at Nov.30/14 (with changes from Nov.15/14).
Wall Street gets slammed, Dec. 8-12
The market sell-off on Wall Street was one of the worst in more than two years as oil dropped below US$62 a barrel and China reported more weak economic data. The S&P 500 Index fell 3.5% to 2002.33 and the Dow Jones Industrial Average…
Thompson Creek shutters Endako
VANCOUVER — Rough commodity markets are forcing miners to make tough decisions, and Colorado-based Thompson Creek Metals (TSX: TCM; NYSE: TC) is the most recent operator driven to place a struggling asset on temporary care and maintenance…
Miners struggle to adapt to lower coal prices
Thermal coal prices recently touched a five-and-a-half-year low of US$62.25 per tonne, and the market has seen several mining companies announce plans to sell coal assets or take on partners to weather the downturn.