Queenstake finances Magistral
Two separate agreements have provided Queenstake Mining (QRL-V) with the financing and equipment needed to place its wholly owned Magistral gold project into production.The proposed heap-leach project…
Articles by Northern Miner Staff
METAL PRICES (September 24, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)b>DateSept. 18Sept. 17Sept. 14Sept. 13Sept. 12…
Transmitting nickel’s benefits
Superconductors wrapped in nickel alloy could some day cut electrical line losses in half, making transmission more efficient.Scientists at the U.S. Department of Energy’s Los Alamos National Laborato…
Canadian Stock Exchange Indices (September 24, 2001)
DateSept. 18Sept. 17Sept. 14Sept. 13Sept. 12HighLowTSE 3006844.506907.966890.857102.26C…
Gold and terrorism
In the wake of the terrorist attack on the U.S. on Sept. 11, at least some investors have looked to gold, the traditional haven in times of crisis.Gold prices responded swiftly, and the London morning…
Falco releases soil study results
Results from a soil study in Nickel Centre, northeast of Sudbury, Ont., indicate that soil contamination levels pose no immediate threat to area residents.The study is part of a broad, ongoing soil-te…
Peruvian engineers convene
Peruvian mining engineers will convene in San Diego, Calif., from Sept. 23 to 26. The theme will be mining’s contribution to social development.The conference provides a forum for debating issues rela…
Comsur eyes Don Mario (September 24, 2001)
Vancouver — The long and winding road to development of the Don Mario gold-silver-copper project may be on its final stretch, following the signing of a definitive agreement between Bolivia’s largest…
Radius fails to deliver at Bridge
Reverse-circulation drilling on a third gold target at the Tambor project in central Guatemala has again failed to match surface values for Radius Explorations (RDU-V).In response to the latest drill …
Novagold tags the high grade at Donlin (September 24, 2001)
Vancouver — The first five holes in an ongoing drill program by Novagold Resources (NRI-T) have confirmed the high-grade nature of the Acma target on the 13-million-oz. Donlin Creek gold deposit in s…
Martha mine thaws out
Following a two-month shutdown caused by unusually severe winter conditions, mining has resumed at Yamana Resources’ (YRI-T) high-grade Martha underground silver mine on the Bacon property in the sout…
SouthernEra completes Messina financing (September 24, 2001)
Messina, a 70.4%-owned subsidiary of SouthernEra Resources, (SUF-T) has satisfied all conditions for a R345-million (US$40-million) loan to construct the Messina platinum-group-metals (PGMs) mine in S…