2008



LENDING RATES (September 15, 2008)

as of 9 a. m. ET, Sept. 9, 2008 (%) Bank of Canada 3.25 Target overnight rate 3.00 Canadian Prime 4.75 U. S. Discount Primary 2.25 U. S. Fed Funds market rate 2.00 U. S. Prime …





Geologists Bruce Otto and Laura De Grey collect data at the Ambler project, in Alaska. NovaGold Resources has sold its option to acquire 51% of Ambler to Mantra Mining in return for $20 million in shares.

NovaGold sells Ambler, mulls further sales

Now that troubled NovaGold Resources (NG-T, NG-X) has found a buyer for the last of its non-core assets, the company says it will consider selling any of its flagship projects in northwestern British …


Sherwood and Capstone to merge (September 15, 2008)

VANCOUVER — So long as shareholders at S h e rwo o d Copper (SWC-V, SWOPF-O) bless the marriage, Sherwood and Capstone Mining (CS-T, CSFFF-O) will merge to form a single company with about a half bil…


China: From investee to investor

The past decade has seen China gradually shift from being a net recipient of overseas investment in the mining sector to being a net provider of mining investment overseas. Companies have to recognize…





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