Harmony prevails at gold mine
Striking workers have returned to the deep shafts of the Ranfontein gold mine in South Africa after a dispute over an accommodation allowance was resolved by representatives of Harmony Gold Mining and…
Articles by Northern Miner Staff
Wardrop, Micon team up
Winnipeg-based Wardrop Engineering has entered into an agreement with another consulting firm, Toronto-based Micon International, to share their clientele.The two firms will be able to offer clients e…
Voisey’s: rumor but no moves
The beginning of the summer construction season in northern Labrador is bringing speculation about a possible solution to the impasse over development of the Voisey’s Bay nickel project, southwest of …
Lending Rates (June 03, 2002)
as of 4 pm ET, May 28, 2002(%)Bank of Canada2.25Canadian Prime4.00U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.89LIBOR US$ 6-month2.10LIBOR US$ 1-year2.66Gold lease 3-month0.33Gold lease…
Daily Metal Prices (June 03, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMay 28May 27May 24May 23May 22Aluminium1336/1357…
Wolfden extends High Lake zones
Wolfden Resources (YWO-V) has begun a $2-million program of drilling and airborne geophysics at its High Lake volcanogenic massive sulphide property in Nunavut’s Bathurst Inlet.Hole 201, the first 40-…
SGS acquires Lakefield Research
Socit Gnrale de Surveillance (SGS Group), headquartered in Geneva, Switzerland, has acquired Ontario-based metallurgical consultant Lakefield Research for nearly $42 million.Lakefield, which has a…
Silver market sees changes
The silver market underwent considerable changes in supply, demand and prices in 2001, according to Silver Survey 2002, published by London-based CPM Group.Prices dropped 12.4% last year to an average…
Noranda, Falco swap execs
The integration of Noranda (NRD-T) and Falconbridge (FL-T) continues with the reshuffling of top-ranking officials.Earlier this year, Falco’s board of directors signalled its decision to allign itself…
Spot Prices Wed. May 29, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$352.20+$6.95Silver$ 4.91+$0.09Platinum$547.00+$…
LME Warehouse Levels (June 03, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 28 (change from May 21 in brackets):MetalStock (tonnes)ChangeAluminium1139925(-57…
Northern Miner Indices (June 03, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)BarrickABX-T21.9%CamecoCCO-T3.6%FalconbridgeFL-T4.7%Freeport BFCX.B-N5.7%GoldcorpG-T3.2%IncoN-T7.9%Meridian GoldMNG-T2.5%Newmont Minin…