LME Warehouse Levels (June 25, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 19/01 (change from June 12 in brackets):MetalStock (tonnes)ChangeAluminium615725…
Articles by Northern Miner Staff
Another bummer for nickel, copper
Base metals suffered their third consecutive week of across-the-board declines during the report period June 11-15 as recent price support came under renewed attack. Nickel and copper were the hardest…
Crew aids Asia Pacific
Potash explorer Asia Pacific Resources (APQ-T) has raised $3.1 million by privately placing 5.6 million units. Crew Development (CRU-T) subscribed to 4 million of the units to increase its interest in…
Summertime, and the gold bugs are biting
The onset of summer and the recent spike in gold prices are making some brokerage firms more optimistic that a U.S.-led economic recovery could lead to improved demand fundamentals for jewelry and, co…
Tri Origin explores Kazan
Junior Tri Origin (TOE-V) has completed a private placement with Britain’s Billiton.The major bought 800,000 units at 25 apiece and exercised 274,511 Series G warrants it acquired through its takeove…
Agnico-Eagle raises LaRonde funds
Toronto-based Agnico-Eagle Mines (AGE-T) has completed a $108-million equity financing.Proceeds are primarily earmarked for the LaRonde gold-copper mine, near Val d’Or, Que., where daily production is…
Drilling sizes up Knife
Drilling has cut wide zones of kimberlite at the newly discovered Knife pipe, 80 km south of Coronation Bay in Nunavut.De Beers Canada Exploration, which can earn a 70% interest in the project from Rh…
Spider, KWG size up Kyle 3
Results from a 9-hole drilling program will be used by Spider Resources (SPQ-V) and partner KWG Resources to prepare a resource estimate for the Kyle 3 intrusive body in the James Bay Lowlands area of…
Bumble Bee generates little buzz
Partners Altius Minerals (ALS-V) and Inmet Mining (IMN-T) have completed a first phase of drilling at the Robert’s Arm project in Newfoundland.Three holes were drilled to test the Bumble Bee Bight pro…
Semafo finds more gold
Trenching and drilling by Montreal-based Semafo (SMF-T) have led to the discovery of a third gold zone at the Mana property, in Burkina Faso.Dubbed Maoula, the prospect outcrops on rolling hills 3 km …
Deal helps Mindoro advance gold projects
By teaming up with Australian companies, Mindoro Resources (MIO-V) is advancing its Tiris and Pan de Azucar grassroots projects in Indonesia and the Philippines, respectively.In April, Mindoro dealt D…
Deeps deposit expands scope of Jubilee’s Cosmos mine
Hampered by a seemingly endless stream of operational problems and severe debt issues, the dry laterite nickel operations in Western Australia continue to face credibility problems. It is therefore re…