Reefton gold project gets restart
After years of putting development of the Reefton Goldfields on the back-burner, Gold Resources and Development (GRD), based in Perth, Australia, has committed A$2.4 million to advancing a new gold mi…
Articles by Northern Miner Staff
Diavik gets water licence
Canada’s newest diamond project, the $1.3-billion Diavik mine in the Far North, has cleared the final permitting hurdle for construction and operation. Diavik is owned 60% by mining giant Rio Tinto (R…
In search of Peter McKenzie
I am looking for information on the late prospector Peter McKenzie, specifically his private life. Most of my information was acquired from the now-defunct Chibougamau Miners Newspaper, which was writ…
Producer and Dealer Prices (August 28, 2000)
Antimony: Mid-mkt US$1,750/t.Bismuth: Mid-mkt US$3.20/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$13.65-15.75/lb.Copper: Comex Sept. US$0.8575/lb.Indium: …
Harry Oppenheimer
Harry Oppenheimer, the South African billionaire who controlled the world’s diamond trade for more than a quarter-century, has died. He was 91.Oppenheimer was admitted to a Johannesburg hospital in mi…
Weak silver pulls down Hecla
Lacklustre silver prices forced Hecla Mining (HL-N) to post a loss for the second quarter — a situation made worse by asset writedowns and a quarterly dividend.The total loss amounted to US$18.7 mill…
Noranda, Codelco launch Rio Algom takeover
The copper wars that shook up the U.S. and Mexican mining scene earlier this year moved north during the Aug. 16-22 report period, as heavyweights Noranda and Codelco (Corporacion National Del Cobre d…
CDNX pulls out of summer slump
Canada’s junior exchange closed the week ended Aug. 22 on an up-note as all indices posted gains. The Canadian Venture Exchange composite index tacked on 37.25 points, or 1.1%, to finish the week at 3…
Gold Funds (August 28, 2000)
Gold Funds as of August 17, 2000Dynamic MutualCentral FundNet Value$12.78$5.42Price$7…
Hecla, Freeport execs jump on cheap shares
Recent insider trading transactions reported by the U.S. Securities and Exchange Commission include the following:- Hecla Mining (HL-N) — Arthur Brown, chairman, bought 25,000 shares at US94 per sha…
Geita fortifies Ashanti’s quarter
Contributions from the recently opened Geita mine in Tanzania helped Ashanti Goldfields (ASL-N) post a profit in the second quarter.Gold production at the 50%-owned mine began in June and amounted to …
Metal Prices (August 28, 2000)
DateAug. 22Aug. 21Aug. 18Aug. 17Aug. 16BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)…