Teck hit by lower commodity prices
The global economic downturn is hitting Teck Resources (TCK-T, TCK-N), with Canada’s biggest diversified miner suffering from weaker coal and copper prices as the Chinese growth story loses steam.
Articles by Northern Miner Staff
NMHF to induct four US mining giants
The National Mining Hall of Fame (NMHF) in the U.S. has selected four inductees for 2012: Glen A. Barton, J. David Lowell, Samuel Newhouse, and John Cleveland Osgood.The four will formally join the ranks of 214 previous inductees in the hall of…
TSX Venture Exchange
The S&P/TSX Venture Composite Index ended flat in the shortened period, up less than a point at 1,191 points after two days of losses balanced out two days of gains. Volume was also little changed, with an average of 67 million shares…
Colt lights up its ambitions in Portugal
Colt Resources (GTP-V, COLTF-O) has lofty plans to bring the next gold and tungsten mines to Portugal, a country perhaps best known for its fortified wines. The junior’s motto is “A gold company created by investors for…
Alacer boosts production, stock rises
Alacer Gold (ASR-T, ALIAF-O) has wrung more production out of two of its gold mines, and in doing so, has made up for disappointing results from another.The company announced that second-quarter mine production results for its operations…
Endeavour bids for Avion
Endeavour Mining (EDV-T) plans to buy Avion Gold (AVR-T) in a $389-million all-stock deal to increase its foothold in West Africa, and expand its annual production to over 450,000 oz. gold in 2015. Endeavour will provide a US$20-million loan to…
Royalty, streaming companies blossom
When equity and debt markets freeze up, cash-hungry mine developers are forced to find alternate financing options. And that means business is looking good for those in the precious metal streaming and royalty game.Big-time players like Royal…
Miners endorse CN Rail plan for Labrador Trough
In the grand scheme of things Canada isn’t known as a great power in the iron ore business, but a group of forward-thinking mining companies have come together with the Canadian National Railway (CNR-T, CNI-N) to explore igniting a true…
General Moly whacked by cost overruns at Mt. Hope
It may not be the best time to be in the molybdenum business, as aspiring U.S.-based producer General Moly (GMO-T, GMO-X) finds itself coping with rising costs at its flagship Mt. Hope development in central Nevada, in the face of weakening…
Hudbay to build Constancia, signs stream agreement
Construction of the $1.5-billion Constancia copper mine in southern Peru is a go, and Hudbay Minerals (HBM-T, HBM-N) has signed a streaming agreement with Silver Wheaton (SLW-T, SLW-N) to help foot the bill.Under the first streaming agreement…
Editorial: Ooh la la: is Plan Nord becoming Plan Non?
In the world of mine development and its outsized scales of size, time and money, there’s always this thought in the back of the mind while listening to any promoter’s pitch: “Well, it may never happen.”This was the case…
Updated: South African police open fire on striking Lonmin workers
VANCOUVER — Police in South Africa opened fire on striking workers at Lonmin’s (LMI-L) Marikana platinum mine Thursday, killing 34 and injuring at least 78.