Foraco International to control Russian driller
With the ink still drying on Foraco International’s (FAR-T) acquisition of Latin American driller Adviser Drilling, the Marseille, Francebased company has shifted its focus to Russia by snapping up a …
Articles by Northern Miner Staff
TORONTO STOCK EXCHANGE -July 12-16
The TSX composite index fell slightly for the July 16-20 period, ending 20 points lower at 11,580. The fall came as global markets continue to digest debt concerns in Europe and weak employment number…
TSX VENTURE EXCHANGE -July 12-16
The S&P/TSX Venture composite index remained largely on positive ground over the July 12-16 trading period to end the week up 9.94 points at 1,379.49. Daily trading volumes were also slightly up, …
SPOT PRICES (July 26, 2010)
COURTE SY OF SCOTIABANK
LME WAREHOUSE LEVELS (July 26, 2010)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 20, 2010 (change from July 13 in brackets):
PRODUCER AND DEALER PRICES (July 26, 2010)
Antimony: Mid-mkt US$9,000.00 /t.
Ivanhoe, Rio clash over Oyu Tolgoi
VANCOUVER — When the asset in question is home to 81 billion lbs. copper and 46.4 million oz. gold and is expected to cost US$4.6 billion to develop, a bit of tension between its owners over financin…
Anaconda Mining bids for New Island Resources
Anaconda Mining’s (ANX-T) all-share takeover bid for New Island Resources (NIS-V) “reflects full value” for New Island’s assets, the Toronto-based company says. The news sent New Island shares up 42.9…
No more toll milling for Alexis (July 26, 2010)
Alexis Minerals (AMC-T) will save $12-$15 per tonne by processing ore from the Lac Herbin gold mine near Val d’Or, Que., at its recently refurbished Aurbel mill.
Colossus finds new zones at Serra Pelada
Nearly 25 years after Serra Pelada hosted the largest precious metals rush in Latin American history, the high-grade gold-platinum-palladium project in Brazil’s Para state continues to impress, yieldi…
New Pacific pursues Tagish Lake
Shares of distressed junior Tagish Lake Gold (TLG-V) soared 50% to 6¢ apiece with 6.39 million shares changing hands on news that China-focused New Pacific Metals (NUX-V) intends to make a friend…
Thompson Creek’s Mt. Milligan bet
Huge, low-grade mineral deposits sit on a razor’s edge, able to generate great profits when metals prices are strong but extremely vulnerable to cyclical downturns.