Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankFriday, July 3, 2012 Precious MetalsPrice…
Articles by Northern Miner Staff
Semafo hits new gold zone in Niger
Taking the time to have a look through old data has led to a new discovery for Semafo (SMF-T). The Montreal-based, West Africa-focused miner found a new mineralized trend at Samira Hill in Niger after pouring over a patchwork of historical…
Editorial: Fleece Navidad
At the halfway mark of the year, the political difficulties are starting to pile up for North American and European explorers and miners operating in several Latin American countries. But front and centre these days is Argentina, with its rich…
Facts ‘n’ figures: New global steel numbers
The following tables have been released by the World Steel Association as part of its World Steel in Figures 2012 report. For the full report, visit www.worldsteel.org.
US markets
U.S. equities jumped late in the week on news that European leaders agreed to distribute rescue funding directly to troubled national banks, which marked a victory for Spain and Italy, where borrowing costs where hitting dangerous levels…
Bolivian gov’t seizes Glencore’s Colquiri mine
The Bolivian government’s recent decision to nationalize Glencore International’s (GLEN-L)Colquiri lead-tin mine “will pose a number of serious questions relating to the government’s future policy towards foreign…
RCMP investigates Cardero’s activities in Ghana
Despite promising early results from its Sheini iron ore project in Ghana, Cardero Resource (CDU-T) could be facing a few legal headaches.The Royal Canadian Mounted Police (RCMP) has launched an investigation into how Cardero won the…
People
Allana Potash — Richard Kelertas appointed senior VP of corporate development.American Vanadium — Ron Espell appointed VP of environmental.Atico Mining — Fernando Ganoza appointed CEO.Augusta Resource — Raghunath…
Market News
TORONTO STOCK EXCHANGE
Uranerz discovers new uranium trend in Wyoming
Uranerz Energy (URZ-T, URZ-X) says it has discovered a new uranium trend on its Monument project, 24 km southeast of where the company is building its first in-situ recovery uranium mine at the Nichols Ranch project in Wyoming’s…
TSX Venture Exchange
The S&P/TSX Venture Composite Index declined for another week, though losses were limited to 15.04 points after a late rebound that had the index close the period at 1,190.99 points. Volume climbed by a few million compared with the week…
Avala unveils maiden resource in Serbian goldfields
VANCOUVER — Canadian explorer Avala Resources (AVZ-V) is making strides towards establishing a multi-million ounce, near-surface gold deposit in the historic mining region of Timok in eastern Serbia — a Balkan country formerly part…