Short Position Report
TSX Short Positions Short positions outstanding at Aug 15/13 (with changes from July…
Articles by Northern Miner Staff
BHP to invest additional US$2.6 billion in Jansen
Speculation that BHP Billiton (NYSE: BHP) might defer a decision on whether to proceed with the massive Jansen project in Saskatchewan after the recent collapse of one of two global potash cartels, came to an end today, with the Australian…
Minera IRL raises US$80M for Don Nicolas mine construction
Minera IRL (TSX: IRL; LSE-AIM: MIRL) has struck a US$80-million debt and equity deal with private Argentine business interests that will allow the Lima-based gold miner to go ahead with mine construction at its advanced Don Nicolas gold project…
JV’s phantom board haunts St. Augustine in the Philippines
Sometimes working with minority shareholders in joint-venture partnerships in Southeast Asia can present unusual challenges—a lesson St. Augustine Gold and Copper (TSX: SAU) is learning all too well at its enormous…
Macusani multiplies resource count at Peruvian uranium properties
VANCOUVER – A new estimate for Macusani Yellowcake’s (TSXV: YEL) suite of uranium properties on the Macusani Plateau in southeastern Peru has boosted the resource count by 167% in advance of a preliminary economic assessment (PEA) due out…
Cartel break-up raises doubts about BHP’s Jansen project
The break-up of one of the world’s two big potash cartels has spawned much speculation about the future of BHP Billiton’s (NYSE: BHP) Jansen project in Saskatchewan, with a report from analysts at Bank of America Merrill Lynch…
Executive compensation and M&A: Preparing for selloffs
Falling commodity prices, rising production costs, and a risk-averse investment community have led to a decrease in mining mergers and acquisitions so far in 2013. With scarce investment dollars available, many junior mining companies are now…
US National Mining Hall of Fame’s five new inductees
The National Mining Hall of Fame (NMHF) in the U.S. has announced five new inductees representing a cross section of the U.S. mining industry, coming from the domestic and worldwide metal production, education and health and safety…
Editorial: Thoughts for your penny stock
“Pink Sheets” aren’t nearly as much fun as they sound, at least in the world of penny stock investing. Mid-August saw the U.S. Federal Bureau of Investigation and the Royal Canadian Mounted Police team up to make seven arrests in New…
Barrick takes US$8.7B impairment charge
Barrick Gold (TSX: ABX; NYSE: ABX) is writing down the value of its assets by US$8.7 billion and slashing its quarterly dividend in response to the recent decline in metal prices.
Analysts flag Cardero’s low cash flow
Cardero Resource’s (TSX: CDU; NYSE-Arca: CDY) largest shareholder, Luxor Capital Group, is offering to restructure its existing loan and even take over the company to dissuade Cardero from completing a debt financing with new lenders…
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, August 13, 2013Precious MetalsPrice…