Noranda grabs Lady Loretta
Results from a 2-year study have prompted Noranda (NOR-T) to acquire a majority stake in the Lady Loretta zinc-lead-silver desposit in Queensland, Australia.In 1998, Noranda signed a deal with Austral…
Articles by Northern Miner Staff
St Andrew weighs survival against dilution
Joseph Gutnick, the Australian mining entrepreneur who recently assumed control of Tahera (TAH-T), is now poised to take the helm of St Andrew Goldfields (SAS-T).Subject to regulatory approval, Bay Re…
Stillwater secures financing
Denver — After securing higher prices for platinum and palladium production at its namesake operation in southwestern Montana, Stillwater Mining (SWC-X) has secured long-term credit facilities worth …
Remembering Christmas past
As the Christmas season approaches, I recall a story that occurred more than 30 years ago.The Steep Rock iron mine, near Atikokan, Ont., was going to install a conveyor belt system that would transpor…
GAC, MAC to meet in St. John’s CONFERENCE ROUND UP
The joint annual meeting of the Geological Association of Canada and the Mineralogical Association of Canada will be held at Memorial University in St. John’s, Nfld., from May 27 to 30, 2001.The meeti…
Canadian Stock Exchange Indices (December 18, 2000)
DateDec. 12Dec. 11Dec. 8Dec. 7Dec. 6HighLow>TSE 3009342.979581.92…
Northern Miner Indices (December 18, 2000)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T20.6ComincoCLT-T4.0…
METAL PRICES (December 18, 2000)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)Dec. 12Dec. 11Dec. 8 Dec. 7Dec. 6…
Semafo active on four fronts in West Africa
Following a break during the rainy season, Montreal-based Semafo (SMF-T) has begun exploring for minerals in four West African countries.In Niger, on the Samira-Libiri properties, the company is engag…
Teck to drill Argentine prospects
A first round of drilling on the Rio Grande joint-venture property in northwestern Argentina is to begin early in the new year.Teck (TEK-T), the operator, can earn an initial 55% interest in the prope…
Dayton to close Andacollo mine
Slumping gold prices and low production have forced Dayton Mining (DAY-T) to shut down the Andacollo mine in central Chile. The operation is held by Compania Minera Dayton, a wholly owned subsidiary.M…
Palladium sets record, takes NAP along for ride
The big news of the Dec. 6-12 report period was the surge in palladium prices. The metal, once again benefiting from uncertain Russian supplies, climbed $80 to a London record of US$935 per oz. on the…