New tax raises miners’ ire in Australia (May 03, 2010)
Australia’s reputation as a mining-friendly country with a stable tax regime was thrown into doubt after the n…
Articles by Northern Miner Staff
Imperial grows Red Chris significantly (May 03, 2010)
Vancouver – With just 22 drill holes, Imperial Metals (III-T) has dramatically increased the contained metal…
Canadians hope to chip away at China’s monopoly on rare earths
China may have cornered 97% of the global rare earth market over the last two decades, with its low-cost struc…
Greystar gets blindsided
Steve Kesler hardly had time to get comfortable in his new chief executive’s chair before finding himself in the midst of a historic problem.
Farallon wins internet defamation suit
Justice was a long time coming, but for Farallon Mining (FAN-T) it was well worth the wait.
More high-grade, shallow gold for Avion in Mali
VANCOUVER — The near-surface gold grades at the Tabakoto project in Mali keep getting better for Avion Gold (AVR-V) and now the company is being rewarded for its efforts with a $25-million bought-dea…
Sweet gold hits for Virginia at Wabamisk
VANCOUVER — In its search for high-grade gold and silver veins, Virginia Mines (VGQ-T) has drilled a few enticing high-grade gold hits at its Wabamisk property in Quebec.
First Uranium lowers value of operations (May 03, 2010)
VANCOUVER — First Uranium (FIU-T, FUM-J) has been forced to significantly drop the estimated value of its South African gold-uranium operations after cost escalations and permitting issues.
GobiMin sells Yanxi deposit
GobiMin (GMN-V) has agreed to sell most of its equity interest in the Yanxi copper deposit in China’s Xinjiang province for $9 million in convertible bonds and cash to China Daye Non-Ferrous Metals Mi…
Taxes and rumours of taxes
Governments squeezed the golden mining goose a little tighter in two major mining countries over the week.
Shaft collapse kills worker at Wolverine mine
VANCOUVER — A shaft collapse at the Wolverine mine in the Yukon has killed one worker, marking the second death at the mine in the past year.
NORTH AMERICAN STOCK EXCHANGE INDICES (May 03, 2010)
52-week Date Apr. 26 Apr. 23 Apr. 22 Apr. 21 Apr. 20 High Low S&P/TSX-Ven Comp 1672.85 1670.92 1652.05 1647.50 1652.20 1691.10 968.73 TSX Composite 12280.97 11239.64 12160.87 12134.56 12113.53…