Murdochville prepares to call it a day
Five months after Noranda closed its copper smelter in Murdochville, Que., residents have voted to shut down the village and resettle.In a non-binding referendum, 65% of the participants opted to give…
Articles by Northern Miner Staff
Waning Bulawan widens loss Metals
As a result of decommissioning the Bulawan mine in the Philippines, Philex Gold (PGI-V) produced just 2,814 oz. of the yellow metal in the second quarter.Of that amount, 1,277 oz. were recovered via t…
Namco revival still iffy
With all four of its production vessels at sea, Namibian Minerals (NMR-T) is producing considerably more diamonds these days, but whether it can rise from the red remains unclear.The company (Namco), …
Lending Rates (September 02, 2002)
as of 4 pm ET, Aug. 27, 2002(%)Bank of Canada2.75Canadian Prime4.50U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.82LIBOR US$ 6-month1.83LIBOR US$ 1-year1.99Gold lease 3-month0.32Gold leas…
Geomaque seeks exploration funding
Having no cash to spare for exploration, Geomaque Explorations (GEO-T) shall attempt to raise $1.5 million through a private placement.The offer, which is being brokered by Haywood Securities, entails…
SouthernEra takes Messina to the bank (September 02, 2002)
A bankable feasibility study of the Phase 2 project on the Doornvlei property at the Messina platinum group metals (PGM) mine in South Africa, has come back positive for SouthernEra Resources (SUF-T)….
Northern Miner Indices (September 02, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T23.2%CamecoCCO-T3.2%FalconbridgeFL-T5.2%Freeport BFCX.B-N5.8%GoldcorpG-T4.2%IncoN-T9.2%Meridian GoldMNG-T2.8%Newmont MiningNE…
LME Warehouse Levels (September 02, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, August 27 (change from August 20 in brackets):MetalStock (tonnes)ChangeAluminium1293775…
Base metals benefit from modest recovery in US equities
The pressure on metals prices lifted over the report period Aug. 19-23, thanks to a more positive tone in U.S. equity markets. The recent signs of stabilization in metals are not surprising given the …
Pele finds small stones (September 02, 2002)
Pele Mountain Resources (YPN-V) has uncovered more than 20 volcanic units in a 9-sq.-km area of the Festival property, near Wawa, Ont.The intermittently outcropping units reach widths of up to 100 met…
Int’l Minerals picks up Peruvian property
International Minerals (IMZ-T) has signed an option deal to take on a property in southern Peru.The property, Pallancata, is 240 km southeast of Ayacucho in an area of Tertiary-aged volcanic rocks. Th…
The Northern Miner — Small Producers Index (September 02, 2002)
74.10 (+3.88)(Sept. 30/98 = 100)…