RCMP looks at Cardero’s activities in Ghana
Despite promising early results from its Sheini Iron Ore project in Ghana, Cardero Resources (CDU-T) could be facing some legal headaches over the project.
Articles by Northern Miner Staff
TSX drops on global growth concerns
It was a turbulent week for the Toronto Stock Exchange as the S&P/TSX Composite Index gained for three straight sessions before plummeting 351 points on June 21, the biggest one-day loss of the year. The next day the index recovered…
U.S. markets take another hit, Jun 18-22
News mid-week that the U.S. Federal Reserve will deliver more monetary stimulus by extending its program of selling short-term securities to buy longer-term ones in order to keep long-term borrowing costs down, was followed by a rash of…
Market news
TORONTO STOCK EXCHANGE
Colombian drilling lifts Continental Gold
Strong drill results from nine diamond drill holes at the Buritica gold project in Colombia sent shares of Continental Gold (CNL-T) up 28¢, or 3.9%, to $7.38 apiece on June 4.Highlights from the holes drilled into the Yaragua system…
LME falling into Chinese hands
In another milestone of Britain’s century-long fading as a global power, the 135-year-old, privately held London Metal Exchange — the world’s premier non-ferrous metals market — looks set to be sold off to interests…
Commentary: Mining execs short-term gloomy, long-term optimistic: MRG survey
The following are findings from the Mining Recruitment Group’s (MRG) latest annual Executive Survey, which was distributed during the first week of June and completed by 140 mining leaders.This has been a year of tremendous volatility for…
Short position reports
TSX Short Positions Short positions outstanding at June 15/12 (with changes from May…
Letter to the Editor: Management quality not what it used to be
The commentary by Jay Collins you published (“Cost overruns on capital development — a growing concern,” T.N.M., June 11–17/12) strikes me as both timely and appropriate.Our industry has gone through many changes in the…
TSX venture exchange
The S&P/TSX Venture Composite Index dropped 41.91 points after four days of losses outweighed one day of gains, ending at 1,251.02. Volume was also down for most of the period, but a spike at the end of the week left the average volume…
People
Animas Resources — Gregory McKelvey resigned as a director; Donald Ranta will not stand for re-election as a director; John R. Wilson and David Beling nominated for election as directors.Argex Mining — Normand Bergeron appointed a…
US Markets
U.S. factory output contracted in May for the second time in three months and consumer prices fell 0.3%, but news late in the week that major central banks were prepared to take collective action to provide liquidity and prevent a credit…