Newmont eyes closure in regulatory vacuum
Denver — Newmont Mining (NEM-N) will close its nearly depleted Minahasa gold operation at a time when Indonesia’s regulatory regime is weakened by the absence of a strong central government.The US$13…
Articles by Northern Miner Staff
Producers miss out on gold price ride
Pushed down by heavy losses in the high-tech sector, the Toronto Stock Exchange’s 300 index fell 391.91 points over the five trading days ended June 20, to finish at 7,702.87.The yellow metal clawed b…
Barrick exercises Tan Range warrants
By way of private placement, Barrick Gold (ABX-T) has acquired 740,741 shares of Tan Range Exploration (TNX-V), whose main asset is the Itetemia project in the Lake Victoria gold district of western T…
Producer and Dealer Prices (June 25, 2001)
Antimony: Mid-mkt US$1,125/t.Bismuth: Mid-mkt US$3.78/lb.Cadmium: Mid-mkt US$0.28/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$10.15-12.75/lb.Copper: Comex May US$0.716/lb.Indium: Ind…
Mine show digs for funding
The Great Canadian Mine Show is in need of additional funding.Since its launch in March at the Toronto convention of the Prospectors & Developers Association of Canada, the show has made stops in the …
Wawa area yields more stones
Diamond exploration in the Wawa area of Ontario has turned up the largest stone yet recovered from one project, while leading to several new discoveries at another.At the GQ property, Band-Ore Resourc…
Starfield ramps up drilling
Vancouver — With two rigs turning and a third slated to be added next month, the latest results tabled by Starfiel…
Algoma protection extended
Algoma Steel (ALG-T), Canada’s third-largest integrated steel producer, has been granted a two-month extension of i…
Novagold takes aim at Shotgun (June 22, 2001)
Vancouver — Novagold Resources (NRI-T) has completed an agreement with Cominco (CLT-T) to earn the 52.5% it does n…
Golden signs Prestea deal with Barnex
Denver — Golden Star Resources (GSC-T) has cleared another hurdle in its acquisition of the Prestea gold mine in s…
Alcoa to close magnesium smelter
Due to high production costs and poor market conditions, Alcoa (AA-N), the world’s largest producer of aluminum, ha…
Teck and Inco to test Tucuma
Vancouver — A newly completed airborne geophysical survey has diversified miners Teck (TEK-T) and Inco (N-T) explo…