Falconbridge slashes Kidd workforce by 10%
With a planned 9-week shutdown of the Kidd metallurgical site already extended by a month, Falconbridge (FL-T) plan…
Articles by Northern Miner Staff
Trading Summary (June 03, 2003)
Toronto’s subindices were lower nearly across the board on Tuesday as the S&P/TSX Composite Index dropped 14.07 poi…
AngloGold hits bonanza grades at Rivard
Vancouver A 33 hole drill program by partners AngloGold (AU-N) and Rubicon Minerals (RMX-V) has returned promisin…
Trading Summary (June 02, 2003)
Toronto’s gold index was alone in red on Monday, losing 0.88 of a point to 164.16. The fall came despite a US$1.80-…
Orezone drills Bondi, Essakan fails to grow
Orezone Resources (ORZ-T) has wrapped up a 41-hole, reverse-circulation drilling campaign on its Bondi gold propert…
Shear and Empire waive first right of refusal
Vancouver — BHP Billiton Diamonds, a subsidiary of BHP Billiton (BHP-N) will move ahead with the purchase of a 14%…
Queenstake moves forward at Jerritt Canyon
Vancouver — Queenstake Resources (QRL-T) has signed a purchase agreement with subsidiaries of AngloGold (AU-N) and…
Samira Hill funding in place (June 02, 2003)
A group of lenders led by the African Development Bank (ADB) and including Semafo (SMF-T) has approved a US$27-million loan to La Socit des Mines du Liptako (SML) to develop the Samira Hill gold pro…
Peruvian regulator reviews Tambogrande
The Instituto Nacional de Recursos Naturales (Inrena), the Peruvian government agency charged with advising the government on new mining projects, has completed its preliminary review of the environme…
AngloGold sells Amapari to Eike Batista (June 02, 2003)
AngloGold (AU-N) will sell its Amapari project in northeastern Brazil’s Amapa state to Eike Batista’s Mineracao Pedra Branca do Amapari for US$18.2 million.AngloGold acquired Amapari in 1998 as part o…
BHP Billiton settles with ex-CEO
Not bad for half a year’s work: after serving only six months as CEO of BHP Billiton (BHP-N) before quitting, Brian Gilbertson has been awarded a 4.1-million (US$6.7-million) exit settlement.Gilberts…
Producer and Dealer Prices (June 02, 2003)
Antimony: Mid-mkt US$2,590/t.Bismuth: Mid-mkt US$2.85/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$9.40-10.25/lb.Copper: Comex July US$0.778/lb.Indium: Indium Corp., ingot, US$140/kg.Iridiu…