Manhattan tables new Tambo Grande plan
An independent feasibility study calls for a more productive second phase than planned at the proposed Tambo Grande open-pit mine in Peru, reports Manhattan Minerals (MAN-T).The study, authored by AME…
Articles by Northern Miner Staff
Placer extends again
Make it six. That’s how many times Placer Dome (PDG-T) has extended its offer for partner and takeover target AurionGold. With the previous deadline hours away on Sept. 10, Placer tacked on another 10…
Sandvik buys Mazda subsidiary
The mining and construction arm of Swedish-based Sandvik has acquired the Earth Technologies division of Japan-based Mazda.Mazda Earth Technologies makes hammers, breakers, tools and spare parts for t…
War jitters send golds higher
After a quiet start on Sept. 11, the Toronto Stock Exchange’s Composite index slid a whopping 226.04 points, or 3.4% of value, to end the Sept. 11-17 report period at 6,392.26 as prospects of a U.S. a…
BeMaX eyes Pooncarie
Australian-based BeMaX Resources has reached a deal to buy Sons of Gwalia’s 25% stake in the BIP joint venture, which controls extensive tenements in the Northern Murray Basin in New South Wales, Aust…
Exchange Rates (September 23, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateSept. 17Sept. 16Sept. 13Sept. 12Sept. 11US$ in C$1.57921.58251.5857…
Echo Bay restates to a loss (September 23, 2002)
Edmonton-based gold and silver miner Echo Bay Mines (ECO-T) has restated its second-quarter, per-share results to reflect a loss related to an April share offering.Under the new accounting handling, E…
Friedland leading the charge in the land of Genghis Khan
The discovery by Ivanhoe Mines (IVN-T) of the world class copper-gold bearing porphyry system at Turquoise Hill in Mongolia’s remote South Gobi region highlights the untapped mineral exploration poten…
Nickel laterites fail to live up to early promise
The pioneers of Australia’s nickel laterite industry set the bar way too high. Just three years ago, they were the stars of the nickel business, determined to lower the industry cost curve and revolut…
Newmont to axe Aussie hedge
Australian gold miner Normandy Mining, now living under the banner of Newmont Mining (NEM-N), reports that subsidiary Newmont NFM will have eliminated its hedge book by early 2003.Since the end of 200…
Venture exchange bucks downward trend
Vancouver — Despite the major bourses being spooked by profit warnings, Canada’s junior exchange managed to scrape together a few points to buck the trend over the week ended Sept. 17. The TSX Ventur…
The Northern Miner — Small Producers Index (September 23, 2002)
78.83 (+1.59)(Sept. 30/98 = 100)…