Japan’s Jipangu drops Cambior stake
Cambior’s (CBJ-T) major shareholder, Japanese-based Jipangu, has cut its ties with the Quebec gold miner by selling 10.4 million shares.The private gold investment fund has also monetized its remainin…
Articles by Northern Miner Staff
Oglebay Norton files for Chapter 11
The biggest flameout during the period ending Feb. 24 was Oglebay Norton’s filing for bankruptcy protection on Feb. 23.The Cleveland-based company ships limestone, coal and iron ore on the Great Lakes…
Feasibility drilling enhances Mirador
Drilling by Corriente Resources (CTQ-T) has confirmed the presence of high-grade copper mineralization in a portion of the Mirador deposit in southeastern Ecuador.Hole M65 returned 42 metres grading 1…
Philippine gov’t seeks reversal
The government of the Philippines has requested that the country’s Supreme Court reverse its decision to curtail foreign investments in the mining sector.A court filing cited potential losses of more …
Margaret Kent eyes Carolin gold mine
She’s back.Together with long-time partner Ross Burns, former Royal Oak Mines CEO, Margaret “Peggy” Kent (formerly Witte) is looking to acquire the past-producing Carolin gold mine, near Hope, B.C.Alt…
Exchange Rates (March 01, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 24Feb. 23Feb. 20Feb. 19Feb. 18US$ in C$1.32801.33571.34401.3…
Canadian Stock Exchange Indices (March 01, 2004)
DateFeb. 24Feb. 23Feb. 20Feb. 19Feb. 18HighLowTSX Composite8604.99…
The Northern Miner Indices (March 01, 2004)
North American Mining: 108.72 (-2.28)Small Producers: 122.42 (-8.65)(Sept. 30/98 = 100)…
Falco workers ink new deal (March 01, 2004)
Falconbridge (FL-T) expects mining and milling at its Sudbury operations to resume to normal levels before the end of March, now that employees have ratified a new 3-year labour pact.During the strike…
Diamonds North scours eastern Nunavut
Following up on promising kimberlite indicator mineral chemistry, Diamonds North Resources (DDN-V) has joined the diamond hunt in eastern Nunavut.Last fall, the company staked a large block of claims …
Asia Pacific seeks Udon North resolution (March 01, 2004)
Asia Pacific Resources (APQ-T) and the Thai Department of Primary Industry and Mines (DPM) will look for an independent party to decide the fate of the Toronto-based junior’s special prospecting licen…
Pimenton drilling under way
Drilling is under way at the Pimenton gold project northeast of Santiago, Chile, as part of an exploration and development program being mounted by South American Gold and Copper (SAG-T).The Pimenton …