African Aura’s Nkout tops a billion tonnes
Vancouver – A first resource estimate for African Aura Mining’s (AUR-V) Nkout iron project in southern Cameroon has put over a billion tonnes in the ground.
Articles by Northern Miner Staff
More land and more results for Auryx
There was plenty of news coming from Auryx Gold’s (AYX-T, AYX-N) Otjkoto gold project in Namibia but none of it was able to reverse what has been a steady decline in market cap over the past three months. Firstly Auryx announced that it has…
Pacific North West Capital takes 100% of River Valley
Pacific North West Capital (PFN-T, PAWEF-O) is acquiring Anglo Platinum’s 50% interest in the River Valley platinum group metals joint-venture project in Ontario, one of Canada’s largest primary PGM deposits, bringing its total ownership to…
Lake Shore adds to position in Northern Superior (February 01, 2011)
Lake Shore Gold (LSG-T) has increased its ownership in Northern Superior Resources (SUP-V) to 25.5% by privately purchasing more than 6.7 million common shares at a price of 80 cents each. Lake Shore says it purchased the shares for investment…
Venture edges up in Jan. 24-28 period
Vancouver – Like gold and oil, The S&P TSX Venture Exchange swung down then up over the January 24-29 period, with the exchange eking out a slight gain. By the numbers, the Venture dropped a total of 79.43 points over three days while…
Alpha Natural Resources to combine with Massey Energy
The proposed combination of Alpha Natural Resources (ANR-N) and Massey Energy (MEE-N) announced over the weekend will bring synergies of $150 million annually by 2012 and create a top-three global metallurgical coal producer.
Selwyn returns high zinc and lead grades
The latest results from the Selwyn project in the Yukon continue to confirm the project’s status as one of the world’s best undeveloped lead and zinc deposits. The project is now held as a joint venture between Selwyn Resources (SWN-V) and…
TSX reverses trend on Middle East unrest for Jan. 24-28 week
Toronto’s resource laden composite index rose 179 points, or 1.4%, over the report period Jan. 24-28 as unrest in the Middle East sent gold and oil higher at the end of the week. The price of crude oil slipped to the mid-80s before recovering…
Fears about Egypt and Middle East contagion weigh on U.S. equities
While earnings continued to come in better-than-expected during the Jan. 24-28 trading week, worries that Egyptian unrest may spread across the Middle East sent many stock indexes falling. The Dow Jones Industrial Average fell 48.14 points or…
SPOT PRICES (January 31, 2011)
Tuesday, Jan. 25, 2011
Prophecy opens mine, doors in Mongolia
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What to expect from CAR election
After much delay the citizens of the Central African Republic (CAR) have placed their votes for the next president of the much-maligned country. But the implications for miners in the region are still unclear.