Bad Commercial Paper Delays Norsemont Payment
The frozen asset-backed commercial paper market continues to affect miners, with Norsemont Mining (NOM-T, NOMFF-o) announcing that it will have to delay a payment attached to its 100% acquisition of i…
News
OMA Makes Suggestions For Provincial Budget
— The following is the first part of an open letter to The Honourable Dwight Duncan, Ontario’s Minister of Finance, from Chris Hodgson, president of the Ontario Mining Association outlining the OMA’s…
FNX Closes Levack, McCreedy West Nickel Mines
FNX Mining (FNX-t) is halting nickel production at its Levack mine and adjoining McCreedy West mine in Sudbury, Ont., putting 307 people out of work.
Platmin Sells Majority Stake For US$175M
Vancouver — In exchange for US$175 million — enough to finish construction of the Pilanesberg platinum mine in South Africa — cash-strapped Platmin( PPN-T, PPN-l) has agreed to hand over the keys t…
Linear Tables KM61 Copper-Moly-Silver Resource
Linear Metals (LRM-T, LMTCF-O) has come out with a resource estimate for its KM61 copper-moly-silver project, near Armstrong, Ont.
Aurelian Trio Our Mining Persons Of The Year
Our “Mining Person of the Year” award for 2008 goes to the trio of Patrick Anderson, Keith Barron and Stephen Leary for their leading roles in the discovery, swift development and sale of Aurelian Res…
AME BC Announces Annual Award Winners
Vancouver– The Association for Mineral Exploration British Columbia (AME BC) has named its award winners for 2008. These B. C. industry leaders will be honoured at the annual awards dinner on Jan. 28…
U. S. Markets – DEC. 16-18
U. S. equity markets were up during the shortened Dec.16-18 trading session. The Dow Jones Industrial Average gained 40 points, or 0.5%, to 8,605; the S&P 500 index added 17 points, or 1.9%, to 88…
Toronto Stock Exchange – DEC. 16-18
The Dec. 16-18 trading session may have been short, but it was full of surprises. A technical glitch linked to data feeds closed the TSX all day on Wed. Dec. 17 — the same day the Organization of the…
Tsx Venture Exchange – DEC. 16-18
The TSX Venture composite index slipped another 16.39 points over the Dec. 16-18 trading period, closing at 700.45 points. The three weekdays only included two trading days, however, as the Toronto St…
Lme Warehouse Levels (December 29, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 16, 2008 (change from Dec. 9 in brackets):
Spot Prices (December 29, 2008)
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