Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date May 28 May 25 May 24 May 23 May 22 US$ in C 1.0241 1.0285 1.0275 1.0275 1.0191 …
Articles by Northern Miner Staff
Is more uranium consolidation on the way?
The Fukushima nuclear disaster may have winded the nuclear power and uranium markets, but the furious pace of consolidation in the uranium mining sector is leaving investors betting on the next takeover target.So far this year, no less than…
Changes for Ivanhoe as Rio Tinto takes driver’s seat
Ivanhoe Mines (IVN-T, IVN-N) is shifting gears as it adjusts to Rio Tinto (RIO-N) having acquired a majority ownership stake in the company, and first production approaches at its Oyu Tolgoi copper-gold-silver mine in Mongolia.Ivanhoe released…
U.S Markets
Volatility remains the buzzword following a roller-coaster ride of a week on Wall Street that saw indexes plunge to multi-month lows before rebounding to modest weekly gains. The Dow Jones Industrial Average fell to 12,315.95 before making a…
The China paradigm and commodity demand
After hosting two days of meetings with government policy advisors, experts and consultants about China’s medium- to long-term demand for commodities, the Nomura Group concludes the country’s industrial demand is “moving to…
Editorial: Feds show heavy hand in CP strike
Labour relations in Canada took a step backwards in late May, as federal Labour Minister Lisa Raitt tabled back-to-work legislation to end a walkout by 4,800 Canadian Pacific Railway locomotive engineers and conductors that began on May 23 as a…
Commentary: Let’s not rush into carbon sequestration
Removing atmospheric carbon dioxide produced by burning fossil fuels is becoming a popular issue among environmentalists and government environmental agencies. But the issue needs more study of possible side effects.Anthropogenic global warming…
Hana plunges on Ghanzi PEA disappointment
Hana Mining’s (HMG-V) share price dropped 68% after the company released a long-awaited preliminary economoc assessment (PEA) on the Banana zone and zone 5 at its 70%-owned Ghanzi copper-silver project in northeastern Botswana.The news…
Bolero jumps on graphite trend
Proving there is healthy demand for new graphite plays, new entrant Bolero Resources’ (BRU-V) share price nearly doubled after announcing it had secured prospective graphite claims in northern Ontario.The claims are contiguous to Northern…
Supplier News
GE pursues two underground equipment makers
GoldQuest soars 613% on new discovery
GoldQuest Mining (GQC-V) shares have taken flight after the company revealed a monster gold intercept from its 15-hole program at the Las Tres Palmas project in the northest Dominican Republic, around 40 km east-southeast from the border with…
Clifton Star adds the ounces at Duparquet
Junior explorer Clifton Star Resources (CFO-V) has seen its extensive resource drilling efforts pay off, with the company delineating a multi-million ounce, open-pit indicated gold resource at its Duparquet project in northwestern…