Letter to the editor: A little help
Thank you for The Northern Miner. I enjoy it very much. I turned 101 on Sept. 19 and am very active, and like to keep up on what’s happening in our world.
News
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, December 17, 2013Precious MetalsPrice…
Colossus ceases underground development at Serra Pelada
VANCOUVER — Precious metals outfit Colossus Minerals (TSX: CSI; US-OTC: COLUF) faces increasing market scrutiny as it has once again delayed a first production target at its 75%-owned Serra Pelada…
Mamba Minerals tables offer for Champion Iron
Champion Iron Mines (TSX: CHM; US-OTC: CPMNF) brought its Consolidated Fire Lake North project in the Labrador Trough to the prefeasibility stage, and Mamba Minerals (ASX: MAB) believes it has what it takes to advance the iron-ore project all…
Capstone’s Pinto Valley ‘doing better than expected’
Capstone Mining (TSX: CS; US-OTC: CSFFF) shares got a boost after the Vancouver-based firm said its recently acquired Pinto Valley copper–molybdenum mine in Arizona could produce more than the targeted 22 million to 27 million lb. copper…
BHP closes nickel mine as prices rise
At a time when investors are getting more bullish about nickel prices BHP Billiton (NYSE: BHP; LON: BLT; ASX: BHP) has decided to close one of its key nickel mines in Australia.
Trafigura offers glimpse into inner workings
Privately held Trafigura Beheer B.V. surprised investors by offering a peek into its books.
Russian billionaire acquires Mercator
VANCOUVER — Struggling copper producer Mercator Minerals (TSX: ML) has reportedly been on the market since late September, and the company found a suitor in Intergeo MMC — a Russian-based resource company controlled by…
Tough times eat away at Joy Global’s business
Difficult markets put Joy Global Inc’s (NYSE: JOY) order book under stress in the fiscal fourth quarter, sending the company’s net income from continuing operations plunging 87% to US$26.8 million, or 25¢ per share, down from…
Hudbay to triple copper-equivalent production by 2016
Hudbay Minerals’ (TSX: HBM; NYSE: HBM) CEO David Garofalo says the company is more focused on the bigger growth picture than what will happen in the next quarter.
TomaGold, Iamgold take on Monster Lake
VANCOUVER — When precious-metal producers are on the lookout for high-grade assets to augment development pipelines, it’s often been junior companies that reap the rewards. And that’s the case for Quebec-focused explorer…
LionGold could be looking for a project near you
Two years ago what is now Singapore-listed LionGold (SGX: SIGO) was called “Think Environmental Co.,” and it held investments and managed businesses in the renewable energy sector.