Lumina banks on higher copper prices
Vancouver — A few years back, when the price of bullion was touching US$260 per oz., several junior explorers began acquiring gold projects in the belief that prices would soon improve. They did, and…
Articles by Northern Miner Staff
Platinum demand outstrips supply
Demand for platinum grew 5% to 6.5 million oz. in 2002, driven by strong sales to the Chinese jewelry market and greater use in autocatalysts, according to Platinum 2003, a report by London-based John…
Montreal hosts dam conference
At a symposium on June 15 at the Palais des Congrs de Montral, specialists from the hydraulics and mining industries will exchange ideas on maintenance and environmental issues associated with taili…
Umicore buys OM’s precious metals business
Cleveland, Ohio-based cobalt giant OM Group (OMG-N) is selling its precious metals business to Umicore (formerly Union Minire) of Belgium for E643 million, or US$752 million, in cash.Umicore will als…
Editorial Cartoon (June 16, 2003)
Geomaque raises $7.3m, eyes Midas Gold
Geomaque Explorations (GEO-T) has raised $7.3 million via a brokered private placement of 130.7 million subscription receipts priced at 5.5 apiece, plus 2.5 million receipts at 6 each, for company i…
Private placements — good, bad or neutral?
Private Placements can either be good or bad for a stock.Companies often need a rush of new money for many purposes. Maybe they aren’t earning enough to meet expenses, or maybe they need a big chunk o…
The Northern Miner Indices (June 16, 2003)
North American Mining: 72.34 (+1.59)Small Producers: 66.93 (+2.22)(Sept. 30/98 = 100)…
LME Warehouse Levels (June 16, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 10 (change from June 3 in brackets):MetalStock(tonnes)ChangeAluminium1126225(-71…
Strike could affect nickel price
The contract of hourly paid workers at two Inco installations in Ontario is about to expire, and concerns are growing that a strike could send already-high nickel prices through the roof.Members of th…
Globex heads to Honduras
Playing against type, Abitibi explorer Globex Mining Enterprises (GMX-T) has staked a property covering a series of gold showings in the southern department of Valle in Honduras.The property covers a …
Markham vehicle cease-traded
The British Columbia Securities Commission has placed a permanent cease-trade order on the shares of American Gold Mining, which had been promoted by Ronald Markham.Markham, who the commission says is…