Gas explosion claims 12
A methane explosion has killed 12 people at the Beatrix gold mine in South Africa’s Free State.The accident occurred after an underground fan broke down, resulting in a buildup of methane gas, says Go…
Articles by Northern Miner Staff
Drilling technique could save coal miners money
A drilling technique for coal mining using methane extraction technology has been developed by the Cooperative Research Centre (CMTE) in collaboration with BHP Mitsui Coal. Both are based in Brisbane,…
Northern Miner Indices (May 21, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T19.3ComincoCLT-T5.1FalconbridgeFL-T6.7Franco-Nevada MiningFN-T6.3Freeport McMoRan Cop’r BFCX-N6.7Homestake MiningHM-N4….
Gold companies show signs of life after auction
Gold staged a bit of a rally during the May 9-15 report period, as the yellow metal climbed US$3.90 to trade at US$269.10 per oz. in London on the morning of May 16.Amid the price rise, the Bank of En…
Gold weathers latest auction
Denver — The Dow Jones industrial average dipped 10.54 points, or 0.01%, to 10,872.97 for the report period ended May 15, despite a 0.5% interest rate cut by the U.S. Federal Reserve.However, spot go…
EXCHANGE RATES (May 21, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 15May 14May 11May 10May 9US$ in C$…
BC election triggers rally on CDNX
The recent election campaign in British Columbia, which left little doubt that the ruling New Democratic Party was headed for oblivion, gave western markets a boost over the report period ended May 15…
Teck resumes drilling at White Silver Mountain
A district-wide exploration program completed last year has produced followup targets for Teck (TEK-T) and Minco Mining & Metals (MMM-T) at the White Silver Mountain project in Gansu province, China.T…
Antofagasta chairman chips in properties
Denver — A.A. Luksic, chairman of Antofagasta (ANFGF-Q), has contributed several northern Chilean properties to the London-based copper producer from his privately owned investment firm Mineralinvest…
Ashton Canada put on block
Rio Tinto (RTP-N) is selling its 65.9% stake in Ashton Mining of Canada (ACA-T).The London-based major acquired the controlling block in the Canadian diamond explorer through the US$418-million takeov…
De Beers completes sample
De Beers Canada Exploration has collected additional mini-bulk drill samples from two of the highest-value pipes at the Kennady Lake joint venture in the Northwest Territories. The wholly owned subsid…
Trans Hex digs Barra Grande
Trenching is yielding small but gem-quality diamonds at the Barra Grande property in Brazil’s Minas Gerais state.Earlier this year, Trans Hex International (THI-V) excavated 172 samples from Villa Bar…