Barrick
Rex Diamond Mining (RXD-T) and De Beers Consolidated Mines (DBRSY-Q) have signed a preliminary agreement to explore the Akchar permit in Mauritania, northwestern Africa.For more than three years, Rex …
Articles by Northern Miner Staff
Las Cristinas hurts Placer’s performance
Burdened with a US$116-million writedown on the Las Cristinas property in Venezuela, North America’s third-largest gold mining company posted a loss in the second quarter.”Writing off Las Cristinas hu…
Emerald’s winning crew
They say people make the world go round, and this was indeed the case at the Emerald lead-zinc-silver mine, near Salmo, British Columbia.In the first instance, returning war veterans filled the ranks …
Inco posts US$148m profit in 2nd quarter
Thanks to much stronger prices for nickel and platinum group metals (PGMs), Inco (N-T) has recorded its best quarterly performance in years, bagging a net profit of US$148 million (US70 per diluted s…
Tips for Day
We can’t help feeling a bit sorry for Stockwell Day, the newly elected leader of the Canadian Alliance, formerly known as Reform. For our American readers, Day is a charismatic version of George W. Bu…
Broad index rises as majors take a tumble on TSE
The Toronto Stock Exchange 300 index rose 131.63 points during the July 19-25 report period to end at 10,867.10.With the exception of palladium, precious metals suffered losses in London trading: gold…
Red metal moves on up
Metal prices delved into a bag of mixed fortunes during the report period July 17-21 as copper led the way in breaking its range to reach US$1,870 per tonne following several failed attempts to overco…
GREATEST VALUE TRADED, July 19-25
ExchgVal($000s)HighLowCloseChangeAlcoa*N 313679 32.31 30.19 31.31 + 1.00…
News – 31-JUL-00 (July 31, 2000)
Inmet stays profitable in second quarter
Continued strong earnings from its Cayeli mine in Turkey allowed Inmet Mining (IMN-T) to post earnings of $2 million, or 3 per share, on revenue of $24.9 million in the second quarter.The profit was …
FIFTY YEARS AGO–AUGUST 1950
Record demand for yellow metalFear of escalating inflation, combined with the ongoing Korean War, has created record demand for the yellow metal in the Far East, Western Europe and India.In Hong Kong,…
Bulk mining explored
The future of bulk mining will be addressed at MassMin 2000, a conference slated for Oct. 30-Nov. 2 in Brisbane, Australia.Bulk mining refers to any large-scale, mechanized method of mining massive un…