Platinum surges while palladium finds support
Platinum has already surged this year, reaching levels not seen since 1980. Indeed, platinum has been the only real challenger to nickel for the title of “star metal,” which is fitting given it’s the …
Articles by Northern Miner Staff
Land-use deal Down Under
A ground-breaking A$38-million land-use agreement between Aussie mining giant Hamersley Iron and the Eastern Guruma indigenous people of Western Australia’s Pilbara region has been signed after six ye…
Western markets slump into spring
Vancouver — Canada’s junior exchange lost some ground over the report period ended Jan. 16. Poor U.S. job numbers helped boost gold over the US$400-per-oz. mark but failed to spur a stock rally. The …
The Northern Miner Indices (March 22, 2004)
North American Mining: 107.01 (-1.06)Small Producers: 125.08 (-3.68)(Sept. 30/98 = 100)…
Madrid bombings shake US-led coalition
The report period ended March 16 was stained by a terrorist attack on Spanish commuters riding Madrid’s train system during the early hours of March 11. Ten bombs were detonated on four trains, killin…
Gulf International axes non-compete payments
Gulf International Minerals (GIM-T) has decided not to make any post-termination payments to recently ousted president and CEO Alastair Ralston-Saul.Earlier this year, the company agreed to pay Ralsto…
Alaska mining on the rise
Rising metal prices sparked the Alaska mining industry last year, according to the Geological Survey of Alaska.The total value of mineral exploration, development, and production is expected to hit US…
Indonesia says mining will continue in protected forests
The Indonesian government will allow 13 mining companies to continue operations despite violations of the country’s forestry law.The move provides a boost to the mining industry after a controversial …
Producer and Dealer Prices (March 22, 2004)
Antimony: Mid-mkt US$2,915/t.Bismuth: Mid-mkt US$3.15/lb.Cadmium: Mid-mkt US$0.55/lb.Cobalt: Recent trades US$24-28.50/lb.Copper: Comex May US$1.366/lb.Indium: Indium Corp., ingot, US$485/kg.
Silk Road goes for Gansu gold
Toronto-based Silk Road Resources (SIL-V) is gearing up to explore a large package of gold properties in China’s Gansu province.Chris Sennitt, newly appointed vice-president of exploration, has mobili…
The trouble with gold
The following is an excerpt from The Trouble with Gold . . . a promising treasure from Cripple Creek, a novel by Jim Davis, a Colorado geologist and prospector. The story concerns a man searching for …
Happier prospects
We’ve mentioned before in this space that the annual convention of the Prospectors and Developers Association of Canada is the best place to judge the mood of the mineral exploration business, but not…