Phelps Dodge bleeds red
The world’s second-biggest copper producer, U.S.-based Phelps Dodge, was the newsmaker of the week as it posted a US$275-million loss in 2001 on revenue of US$4 billion, compared with US$29 million ea…
Articles by Northern Miner Staff
Higher spending in Quebec
Total exploration and appraisal spending in Quebec in 2001 increased by 15% to reach $119 million in 2001 (this includes $73.7 million in off-minesite spending and $45.2 million in minesite spending),…
Meadowbank’s economics get rosier
With estimated resources up about 50% over those reported in an April 2000 prefeasibility study, Cumberland Resources (CBD-T) is understandably bullish about its Meadowbank gold project, 70 km north o…
Lihir Gold expands namesake mine
A review of the resource model by Australia’s Lihir Gold (LIHRY-Q) has upped reserves by 25% at the company’s namesake mine on Lihir Island, northeast of mainland Papua New Guinea.The island, a volcan…
Daily Metal Prices (February 04, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJan. 29Jan. 28Jan. 25Jan. 24Jan. 23Aluminium1344/13…
Nevada Pacific explores South Carlin
Vancouver — Nevada Pacific Gold (NPG-V) and partner Placer Dome (PDG-T) have begun a first-phase, US$670,000 program aimed at exploring the South Carlin project in Nevada. The project is in the Carli…
Int’l Annax teams with Aussie miner Herald
Vancouver — International Annax Ventures (IAX-V) has inked a deal with its controlling shareholder, Australian-based Herald Resources, to become its wholly owned subsidiary.According to the deal, Her…
Mongolian copper-gold find returns hot intercept
The latest drill results from the Turquoise Ridge copper-gold porphyry discovery in southern Mongolia show that the Southwest Oyu zone has high grades and considerable size potential, prompting Ivanho…
Dealing with language
One of the topics that comes up from time to time in the Strategic Export Marketing Program, organized by the Canadian Association of Mining Equipment and Services for Export (CAMESE), is the use of f…
Lonmin pitches tent in Sudbury camp
London-listed Lonmin has inked a deal with Wallbridge Mining (WM-T) to explore several of the company’s magmatic sulphide properties in the Sudbury basin of Ontario.The deal covers 19 projects and cal…
TSE reinvents itself as international bourse
In a surprise twist, the Toronto Stock Exchange took the spotlight over the Jan. 23-29 report period by announcing it was trimming its benchmark index by as many as 100 companies, based on share price…
Spot Prices Wed. January 30, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$280.95-$0.65Silver$ 4.30 $0.00Platinum$457.00-$…