Mincor slams Australia’s mining tax
As Australian Prime Minister Kevin Rudd and his Labor Party argue the merits of their newly proposed Resource Super Profits Tax, the Australian mining industry is gearing up to fight it.
Articles by Northern Miner Staff
Sierra Minerals, Goldgroup form Goldgroup Mining
Shareholders have given the go-ahead for Sierra Minerals and privately- held Goldgroup Resources to combine their assets in Mexico in a merger they hope will create an intermediate gold producer with …
US$401-M IOC expansion greenlighted
Rio Tinto (RIO-N, RIO-L) stands to be one of the biggest losers if Australia passes a proposed 40% tax on windfall profits on all operating mines in Australia and it appears the U.K.-headquartered min…
PEOPLE (May 17, 2010)
Alcoa — Klaus Kleinfeld elected chairman and CEO, succeeding a retiring Alain Belda; Frank Thomas and Henry Schacht retiring as directors; Arthur Collins, Jr. elected a director.
TORONTO STOCK EXCHANGE -May 4-10
It was a wild ride for the TSX composite index over the May 4-10 period.
TSX VENTURE EXCHANGE -May 4-10
The S&P/TSX Venture composite index dropped during the May 4-10 trading period, following jitters about Greek sovereign debt and wild market trading, possibly caused by runaway computer trading. T…
TSX SHORT POSITIONS (May 17, 2010)
Short positions outstanding at Apr. 30/10 (with changes from Apr. 15/10).
DIVIDENDS (May 17, 2010)
The board of directors has declared an eligible dividend of $0.10 per common share payable on June 15, 2010 to common shareholders of record as at May 31, 2010.
LENDING RATES (May 17, 2010)
as of 9 a.m. ET. May 4, 2010 (%) Bank of Canada 0.50 Target overnight rate 0.25 Canadian Prime 2.25 U.S. Discount Primary 0.50 U.S. Fed Funds market rate 0-0.25 U.S. Prime 3.25…
EXCHANGE RATES (May 17, 2010)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date May 10 May 7 May 6 May 5 May 4 US$ in C$ 1.0246 1.0431 1.0437 1.0266 1.0216 C$ in US$ 0.9760 0.9587 0.9581 0.9741 0.9789 EXC…
INTERNATIONAL QUOTES (May 17, 2010)
Australia (A$) May 4 Apr 27 Change Aquila Resources 9.76 10.6 -0.84 Bendigo Mining 0.26 0.26 0.00 Centennial Coal 4.11 4.52 -0.41 Fortescue Res 4.06 4.89 -0.83 Iluka …
Source posts maiden resource for San Acacio
Source Exploration’s (SOP-V) past-producing San Acacio deposit in central Mexico, just 5 km northeast of Capstone Mining’s (CS-T) Cozamin copper mine, has an indicated resource of 1.49 million tonnes …