Wolfden drills High Lake
Infill drilling by Wolfden Resources (YWO-V) at the High Lake copper-zinc deposit in Nunavut has returned high copper grades.Four holes were recently completed on the deposit, about 500 km northeast o…
Articles by Northern Miner Staff
Gold formed from colliding stars
Where does gold come from?The most abundant elements found in nature, such as oxygen and carbon, are seen throughout the universe, the products of exploding stars known as supernovas. Scientists agree…
Northern Miner Indices (July 23, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.8ComincoCLT-T4.9FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.3Freeport McMoRan Cop’r BFCX-N5.0Homestake MiningHM-N6….
METAL PRICES (July 23, 2001)
DateJuly 17July 16July 13July 12July 11BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)b>Aluminium1419/14461419/14461424/1450.501426/14…
Namco creditors approve restructuring (July 23, 2001)
Creditors of Namibian Minerals (NMR-T) have approved a plan of arrangement that will bring the company’s subsidiaries out of provisional liquidation, leaving it to the South African courts to give fin…
Kimberlite float found at Star
A sub-surface layer of till containing kimberlite float boulders has been uncovered by Ashton Mining of Canada (ACA-T) at the Star joint-venture property in the Northwest Territories.The junior diamon…
First Quantum refinances Bwana Mkubwa (July 23, 2001)
Vancouver-based First Quantum Minerals (FM-T) has borrowed US$14.2 million from KBC Bank to refinance and possibly expand its Bwana Mkubwa copper tailings recovery project in Zambia.The debt facility,…
Cameco closes debentures sale (July 23, 2001)
Cameco (CCO-T), the world’s largest uranium supplier, has completed the sale of $50 million worth of Series B 7% debentures, which are due July 6, 2006.The debentures have received a rating of A (low)…
GREATEST VALUE TRADED, JULY 11-17
ExchgVal($000s)HighLowCloseChangeAlcoa*N69359541.8538.4639.39-0.11…
Energy ministers form committee
Federal, provincial and territorial energy ministers have agreed to establish an Energy Markets Committee to ensure a co-operative approach to furthering North American energy opportunities.The minist…
Cominco resolves strike
Denver — Striking workers have returned to work at the Cajamarquilla zinc smelter in Peru after reaching an agreement with Cominco (CLT).The company, which controls an 82% stake in the plant, north o…
Francisco expands Guatemalan find (July 23, 2001)
Drill results from a reported 43 of 52 core holes completed on the Marlin gold discovery in northern Guatemala have so far defined a thick, near-surface, shallow dipping main zone of oxidized gold min…