Highland sells loss-making Darasun mine
Highland Gold Mining (HGM-L) has sold its unprofitable Darasun mine in eastern Russia to a private mining company, Yuzhuralzoloto (Southern Urals Gold), for US$25 million.
2007
U.S. Markets August 14-20
While earlier in the week, Wall Street was pondering how un-gentle the chairman of the Federal Reserve Bank, Ben Bernanke, could really be, the single most important figure on the U.S. financial scene…
TSX Venture Exchange August 14-20
Market mayhem hit the S&P-TSX Venture Composite Index over the Aug. 14-20 trading session, with the junior board falling 11.6% to finish the week off 334.43 points lower at 2,548.45. On Aug. 16, t…
Water Issues of Rising Concern for Mining in Australia
Special to the Northern Miner
Teck Cominco and the Big Payout
Kalgoorlie, Western Australia — Executives of Teck Cominco (TCK.B-T, TCK-N) virtually sat on the doorstep of Rudi Gomez’s suburban residence in Adelaide to ensure a deal would be struck with this eng…
Century wins latest court decision in Shahuindo battle (August 27, 2007)
There was little surprise for Sulliden Exploration (SUE-T, EXSDF-O) in the latest ruling by a Lima court concerning a dispute over the Shahuindo gold-silver property in Peru.
TVI Suffers From ‘Spreadsheet Errors’
TVI Pacific (TVI-T) says investors shouldn’t rely on its financial information from 2005, 2006 or the first quarter of 2007.
Earthquake claims 540 in Peru
As rescuers continue to recover bodies from the rubble after a devastating earthquake struck Peru in mid-August, Pan American Silver (PAA-T, PAAS-Q) temporarily suspended its underground operations un…
East Asia Puts Indonesian Portfolio Together
Indonesia has had an up-and-down experience with junior exploration companies, having hosted staking rushes first by a mass of Australian juniors, then, infamously, by Canadians in the mid-1990s. And …
IOC ramps up investment in Labrador operations
Strong market demand, addressing operating bottlenecks and improving winter performance were the key drivers behind the Iron Ore Co. of Canada’s (IOC) decision earlier this month to pump $60 million i…
LME Warehouse Levels (August 27, 2007)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug. 20, 2007 (change from Aug. 13 in brackets):
Redcorp, New Gold rattled by credit market disruptions (August 27, 2007)
Vancouver — News from Redcorp Ventures (RDV-T, RDFVF-O) that a portion of its $240 million in cash investments was in trusts affected by the global credit market crunch sent the company’s stock plumm…