Ontario signs on for Western coal
Luscar has signed a 3-year deal to supply coal to Ontario Power.No dollar figure was attached to the deal, with Luscar saying prices will be adjusted yearly according to the consumer price index. The …
Articles by Northern Miner Staff
Pioneer renews efforts at Riou Lake property
Follow-up electromagnetic surveys are under way at the Riou Lake uranium project in the Athabasca Basin of northern Saskatchewan.Pioneer Metals (PSM-T) says the surveys, comprising 140 line km, are de…
St Andrew replenishes coffers
Faced with a dwindling cash position, St Andrew Goldfields (SAS-T) has raised $3.3 million for its projects in the Timmins camp of northern Ontario.In early December 1999, St Andrew received a 14-mont…
Atlas emerges from bankruptcy
Creditors and the U.S. Bankruptcy Court have approved a plan of reorganization submitted by Atlas (ATSP-OTC).Under the plan, the company will no longer be liable for reclamation of the Moab uranium mi…
North opts out of Antone Canyon
Widely spaced drilling at the Antone Canyon gold property in central Nevada has returned disappointing values for Royal Standard Minerals (RSM-M) and Australia’s North.The latter spent almost three mo…
Metallica issues shares to Franco
Denver — In return for a loan used to purchase the Mara Rosa gold property in Brazil, Metallica Resources (MR-T) has issued 2.2 million shares to Franco-Nevada Mining (FN-T).In 1997, Franco guarantee…
EVENTS (January 10, 2000)
Jan. 25-28 B.C. & Yukon Chamber of Mines — “Cordilleran Geology and Exploration Roundup.” Hotel Vancouver, Vancouver, B.C. Tel: (604) 681-5328.Jan. 30-Feb 2 American Zinc Association — “Int’l Zinc C…
SUPPLIERS’ NEWS ROUNDUP
Drilling suppliers Boart Longyear and Layne Christensen say a recent deal between the two firms, in which each will supply the other with drilling equipment it does not manufacture, is a sign of the t…
Spot Prices Wed. January 5, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$282.10-$8.55Silver$ 5.29+$0.09…
Russians blindside Pan American Silver
A month-old Russian company that describes itself as a machinery and aircraft builder has succeeded in its US$12-million bid for surface assets at the huge Dukat silver mine in Eastern Russia.The succ…
Inca Pacific hits hot hole at Magistral
Vancouver — The last five holes of an 8-hole drill program on the Magistral copper skarn property in north-central Peru have intersected significant copper mineralization for partners Inca Pacific Re…
Cambior inks restructuring agreement with lenders
Beleaguered Cambior (CBJ-T) has finally signed a definitive restructuring agreement with its lenders and hedge providers.The deal brings to a close a 3-month standstill period initiated after the gold…