Billiton outbids Noranda offer
An international takeover battle for Rio Algom (RIO-T) is brewing in the form of a $1.7-billion offer by British conglomerate Billiton. The bid trumps an earlier one by Noranda (NOR-T) to the t…
Articles by Northern Miner Staff
Pacific NW Capital kicks off next exploration phase
Surface-stripping and rock-sampling by Pacific North West Capital (PFN-V) at the River Valley platinum-palladium property, near Sudbury, Ont., have uncovered mineralized breccias.The program is focuse…
Atna walks from Cobalt deal
Junior Atna Resources (ATN-T) has terminated a letter-of-intent to acquire a half-interest in the Madison Cobalt project, in southeastern Missouri, from U.S. Cobalt (USC-V).Based on its due diligence …
Klipspringer gets nod
A long-anticipated feasibility study on the Klipspringer diamond project in South Africa envisions a 336,000-tonne-per-year operation cranking out 1.69 million carats over 11 years.Since 1997, Souther…
NAP on winning streak
Once awash in red ink, North American Palladium (PDL-T) has turned the corner to become a highly profitable junior producer.Net earnings in the three months ended June 30 topped $11.7 million (or 82 …
New world order
Competing takeover bids for base metal producer Rio Algom can’t have come as a surprise to too many industry-watchers. For three years now, the seers have been predicting consolidation in both the bas…
Corrections (September 04, 2000)
William Hayes is the executive vice-president of U.S. and Latin America operations for Placer Dome. He was not elected chairman of Placer Dome as stated in our Aug. 21-27 issue; he was elected chairma…
Editor’s Response
The Northern Miner received the letter from Mr. Sloan of Can-Cal Resources through several channels. Our assistant editor, James Whyte, felt obliged to reply to a number of points in the letter:Mr. Sl…
LME Warehouse Levels (September 04, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug. 29/00 (change from Aug. 22 in brackets):Metal Stock(tonnes) Change…
Metal Prices (September 04, 2000)
DateAug. 29Aug. 288Aug. 25Aug. 24Aug. 23BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)…
Inmet joins Celtic in Nfld.
Gold and copper miner Inmet Mining (IMN-T) will acquire interests in four properties held by Celtic Minerals (CME-V) in central Newfoundland’s Victoria River region.The joint-venture agreement affects…
Redhawk revisits Reeves MacDonald
With its eye on the zinc oxide potential of the past-producing Reeves MacDonald and Annex mine properties, Redhawk Resources (RDK-V) has spent the past five years assembling a large land package that …