NAP builds new mine over bones of old
Thunder Bay, Ont. — Lac des les, Canada’s only primary platinum group metal (PGM) mine, has been transformed from the proverbial sow’s ear into a silk purse by record prices for palladium and by an …
Articles by Northern Miner Staff
Drill results add shine to Marlin
Encouraging results from a second round of diamond drilling by Francisco Gold (FGX-V) have contributed to the bulk-minable potential of a gold-silver prospect at the Marlin property in western Guatema…
Kinross eyes Kubaka lookalike in Russia
A blind discovery in the Magadan region of northeastern Russia is looking more and more like the producing Kubaka gold deposit.Kinross Gold (K-T), which holds 54.7% interests in both projects, is unde…
De Beers homes in on diamond retail market
Diamond kingpin De Beers Consolidated Mines (DBRSY-Q) is teaming up with France’s LVMH Moet Hennessy Louis Vuitton to form an independently managed company that will develop and sell De Beers’ branded…
Phelps Dodge warns of production cuts
Denver — Phelps Dodge (PD-N) has alerted employees at operations in Arizona and New Mexico to the possibility of shutdowns caused by higher energy costs in California.Electricity costs hit US11 per …
News – 05-FEB-01
Analyst views Corner Bay as ‘silver lining in cloudy sector’
Just before leaving his post as mining analyst for Deutsche Bank, George Albino gave a thumbs-up to Corner Bay Minerals (BAY-T) for its steady progress at the Alamo Dorado silver project in Mexico’s S…
Minefinders tops up treasury
Vancouver-based Minefinders (MFL-T) has closed a $1.5-million private placement of 1.6 million units priced at $1 apiece.Each unit comprises one share and one non-transferable warrant allowing the hol…
Rio Tinto posts strong quarter
Denver — The fourth quarter of 2000 was highlighted by a 40% increase in iron ore production and a 24% rise in aluminum production for Rio Tinto (RTP-N).The increase is attributed to the company’s ac…
Hirshhorn’s quest for wealth
At about five feet, three inches, Joseph Hirshhorn (1899-1981) did not tower over anyone. But as a mining financier and art collector, he was head-and-shoulders above most.Born in Latvia in 1899, Hirs…
Piecing together the future of coal mining
High-school students in Australia are using Lego building blocks to design tomorrow’s coal mining machines.Forty students from grades 10 and 11 gathered at the St. Lucia campus of the University of Qu…
Northern Miner Indices (February 05, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T20.7ComincoCLT-T4.5FalconbridgeFL-T6.3Franco-Nevada MiningFN-T5.8Freeport McMoRan Cop’r BFCX-N4.0Homestake MiningHM-N3….