Cambior sells La Granja copper project
Montreal-based Cambior (CBJ-T) is selling its La Granja copper deposit in Peru to an unnamed buyer.At the same time, Empresa Minera del Peru (Minero Peru) announced an auction to sell its 5% net smelt…
Articles by Northern Miner Staff
MEETINGS (September 25, 2000)
Sept. 26 New Sage Res. — annual; 10 a.m., Ste. 1650, 999 W. Hastings St., VancouverSept. 26 Redstar Res. — annual; 11 a.m., Ste. 1650, 999 W. Hastings St., VancouverSept. 26 Rift Res. -…
Teck bullish on Pogo’s potential
The Pogo project in central Alaska has a gold resource estimated at 5.6 million contained ounces, and operator Teck (TEK-T) believes there is good potential for expansion.TeckGold, a newly formed, who…
Pan American throws in towel at Dukat
The cat-and-mouse game involving the large Dukat silver deposit in Far Eastern Russia is finally over. Russian-based Polymetal will acquire an 80% interest in the project and assume operatorship, leav…
Soaring diamond sales ensure De Beers’ profitability
Fueled by strong global demand, De Beers Consolidated Mines (DBRSY-Q) tripled its earnings in the first half of 2000 on the back of US$3.52 billion in diamond sales, which were 44% higher than in the …
Ekati mine a shining symbol of Canada’s diamond potential
Ekati, Canada’s first and only diamond mine, is the largest supplier of rough diamonds to the global market by value outside of De Beers. As other projects such as Diavik, Snap Lake and Jericho come o…
F.P.O. Is a new diamond market emerging?
Recent developments in the diamond industry are hinting that the diamond market may have seen the last of single-channel supply.The shape of the new market may have broken the surface in July when De …
Central Canada’s diamond hunt gets second wind
Diamond exploration in central Canada is getting its second wind following a number of promising developments.Although Ontario and Quebec were hopping in the mid-1990s, when financing for diamond expl…
Unresolved legal dispute stalls development of Verkhotina project
After spending about US$16.5 million to explore the Verkhotina diamond licence near the White Sea in northwestern Russia, Archangel Diamond (AAD-V) is unable to advance the project because of an ongoi…
Partners await results
In July, Guyanor Ressources (GRL.B-T) and partner Rio Tinto (RTP-N) completed a sampling program at the Dachine diamond property in French Guiana.The partners processed more than 715 tonnes of diamond…
Hunt for prairie diamonds heats up
While the hunt for prairie diamonds has slowed somewhat from mid-1990s, the search is being kept alive by Ashton Mining of Canada (ACA-T), which is still plugging away at kimberlite targets at its vas…
De Beers completes Winspear deal
De Beers Consolidated Mines (DBRSY-Q) confirms that it has acquired more than 96.2% of the shares of Winspear Diamonds as the result of its $5.00-per-share takeover bid.De Beers will now invoke the co…