Vale takes hefty write-downs
Vale (VALE-N) is taking a US$2.85 billion write-down on its Onça Puma nickel mine in the northern Brazilian state of Para after troubles with two furnaces earlier this year led to the halting of its ferronickel…
Articles by Northern Miner Staff
TSX gains ground
Optimism that politicians south of the border would come to a resolution regarding the impending fiscal cliff helped hold up equities north of the border. The TSX Composite Index was up 107 points for the Dec. 17-20 period, closing at 12,388.71…
U.S. equities rise, Dec. 17-20
U.S. equity markets in the first four days of the week turned positive on optimism lawmakers could avert the fiscal cliff of tax increases and spending cuts. The Dow Jones Industrial Index advanced 176.71 points or 1.35% to 13,311.72 and the…
Canada Lithium starts mine commissioning
Canada Lithium (CLQ-T) has started commissioning the open pit and processing plant at its Quebec Lithium mine near Val d’Or, Que., with first production of spodumene concentrate expected shortly, followed by lithium carbonate output early…
Premier updates Trans-Canada resource
Premier Gold Mines (PG-T) has completed a much-anticipated resource estimate on the four gold deposits—Hardrock, Brookbank, Kailey and Key Lake — that make up its Trans-Canada project in the Beardmore-Geraldton Greenstone belt.
EMED perseveres at Rio Tinto
Mining has been going on at the Rio Tinto copper mine in Spain for thousands of years, but that doesn’t mean molding it into its most modern incarnation is an easy task.
SEC approves first copper-backed ETF
VANCOUVER – After a two-year regulatory battle, JP Morgan has won approval from the Securities and Exchange Commission (SEC) to launch an investment vehicle that tracks the price of copper.
Canaccord reflects on juniors
In its last issue of the year, Canaccord Genuity’s Junior Mining Weekly takes a look back at 2012 and offers predictions for what lies ahead in 2013.
Short Position Report
Short positions outstanding on Dec. 15/12 (with changes from Nov. 30/12).
Belo Sun’s Volta Grande on M&A radar
Belo Sun Mining’s (BSX-T) Volta Grande could become a potential acquisition target as the Toronto-based firm continues to expand and de-risk the large gold project in Brazil, analysts say.
Semafo back on track after soggy summer
Semafo (SMF-T) is bouncing back from a tough third quarter, which saw production dip at its key mine in West Africa.
Goliad’s good to go in South Texas
Uranium Energy’s (UEC-X) Goliad in-situ recovery (ISR) project in the uranium belt of southern Texas has received its final permit and is fully authorized for production, which Haywood Securities analyst Colin Healey expects will take…