Teck settles tax dispute
Teck has settled a dispute with the Canadian income tax authorities.The company deposited $75 million with the Canada Customs and Revenue Agency against a possible income tax reassessment. In light of…
Articles by Northern Miner Staff
Barrick-Homestake merger shakes gold market
Spicing up an otherwise bland week, Barrick Gold, on June 25, announced its intention to purchase American rival Homestake Mining in a paper deal worth US$2.3 billion.The all-share, friendly offer cau…
Victoria Island search resumes
Diamond-explorer Major General Resources (MGJ-V) has begun ground geophysical surveys of 20 airborne magnetic anomalies on Victoria Island in Nunavut, in preparation for drilling.The anomalies were de…
Union workers halt zinc smelter in Peru (July 02, 2001)
Denver — Production of refined zinc at the Cajamarquilla smelter near Lima, Peru, has ceased after 350 unionized workers walked off the job.The union and Cominco (CLT-T), which owns 82% of the plant,…
Longwall research gets funding
The Australian Coal Association (ACA) will fund a 3-year, A$4-million project to research longwall automation.The work will be conducted jointly by the Cooperative Research Centre for Mining Technolog…
Golden Star, Barnex sign Prestea purchase deal
Denver — Golden Star Resources (GSC-T) has cleared another hurdle in the acquisition of the Prestea mine in southwestern Ghana.The Denver-based company agreed to acquire former operator Barnato Explo…
Corriente tables new resources (July 02, 2001)
Vancouver — The Panantza and San Carlos copper projects in Ecuador could potentially produce a combined 50,000 tonnes per day and generate a 6.7% internal rate of return, according to a preliminary s…
CanTung mine set to reopen doors
Vancouver — Armed with $6.5 million in financing, North American Tungsten (NTC-C) plans to restart its wholly owned CanTung mine, in the Northwest Territories, by year-end.The company recently entere…
RJK posts gains during mixed week
WESTERN MARKETThe Canadian Venture Exchange finished the period ended June 26 down 44.97 points at 3,230.93, off 1.4%. The mining index went the other way, gaining 68.31 points, or 0.9%, to close at 7…
GREATEST VALUE TRADED, JUNE 20-26
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Andacollo liquidation begins (July 02, 2001)
Compania Minera Dayton (CMD), a wholly owned subsidiary of Dayton Mining (DAY-T), has been granted bankruptcy protection for four years.In May, CMD’s creditors unanimously accepted a creditor’s agreem…
Freewest hits bonanza grades
Vancouver — The first eight holes of a second round of drilling have returned promising values from the Clarence S…