Rio Tinto bids for Australia’s North Ltd.
British mining giant Rio Tinto (RTP-N) has launched a hostile US$1.7-billion takeover bid for diversified Australian miner North Limited.Rio Tinto is offering A$3.80 in cash per North share, with the …
Articles by Northern Miner Staff
Base metals show gains in week of volatile trading
The Toronto Stock Exchange was quiet over the report period June 21-27, with the TSE 300 composite index sliding 74.37 points to close at 10,165.51, a modest loss of 0.7% of value. Still, the mining s…
Positive feasibility for EuroZinc’s Aljustrel
Vancouver-based junior EuroZinc Mining (EZM-V) has a positive feasibility study in hand for its Aljustrel zinc-copper-lead project in southern Portugal.The study, prepared by Steffen, Robertson & Kirs…
Newmont to merge with Battle Mountain
Newmont Mining (NEM-N) has inked a deal to acquire Battle Mountain Gold (BMG-N), representing the second major merger in the gold mining industry in the past two weeks.Only days earlier, Toronto-based…
Gold Funds (June 26, 2000)
Gold Funds as of June 15, 2000Dynamic MutualCentral FundNet Value$13.06$5.62Price$7.4…
New study green-lights Tahera’s Jericho project
Toronto-based Tahera (TAH-T) intends to advance its Jericho diamond project to commercial production now that a feasibility study has indicated that the far-northern project is economic.The Jericho pr…
DIAND not doing its job
My name is Larry. I am not a productive, useful Canadian, though I would like to be.I live in northern Canada — the largest part of Canada and its least-populated. We should be able to produce the mo…
African forum to boost investment
The Southern Africa Development Community (SADC) and the European Union are organizing the SADC-EU Mining Investment Forum, slated for Oct 10-13 in Lusaka, Zambia.In recent years, the 14 member-nation…
Spot Prices – Wed. June 21, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$286.60+$0.55Silver$ 5.02+$0.02…
MOST ACTIVE ISSUES, June 14-20
ExchgVol(000s)HighLowCloseChangeAlcoa*N 19520 32.00 28.44 30.06 +2.00…
Franco-Nevada rebounds as merger news sinks in
With the arrival of summer, gold decided to take a breather from its steady 2-month climb, easing up just US55 to reach a London morning fix at US$286.60 per oz. on June 21, after pulling back from t…
Mining index posts gains on Venture Exchange
The Canadian Venture Exchange index ended the report period June 14-20 up a meager 5.93 points, or 0.2%, at 3,470.43. The mining index led all indices, rising 160.83 points, or 3.9%. to finish at 4,30…