Mustang forms JV with Impala
Mustang Minerals (MMIN-C) and South African-based Impala Platinum Holdings are continuing to explore for platinum group elements at the River Valley intrusion in northern Ontario.The two recently sign…
Articles by Northern Miner Staff
Nickel production tapers off, demand steady
Nickel usage among top three consumers — U.S, Britain and Canada — has tapered off following a post-war high in 1948. The aerospace, automobile and construction sectors remain the largest consumers …
GREATEST VALUE TRADED, DEC. 8-14
Val($000s)HighLowCloseChangeAlcoa*N 680893 77.06 71.38 74.69 + 1.88…
Kubaka helps Russian production
Gold production in Russia between January and October was more than 250,000 oz. higher than in the comparable period of 1998, according to figures released by the country’s Ministry of Economics.About…
Writedowns take toll on Northern Orion
Northern Orion Explorations (NNO-T), further in the red following a series of writedowns attributed to its Mantua gold operation in Cuba, has arranged a refinancing with parent Miramar Mining (MAE-T)….
CORRECTION (December 20, 1999)
In our Dec. 13 issue, we reported that Mountain Lake Resources (MOA-V) must pay $470,700 over a 3-year period to the owners of the Klipgat diamond property in South Africa.Mountain Lake has optioned t…
Gold slides further still
Gold continued its slump as the Dow Jones industrial average climbed 53.52 points, or 0.5%, to 11,160.17 during the report period ended Dec. 14.The spot price slumped to US$280 per oz. on the Comex di…
Appeals court favours Freeport-McMoRan
A U.S. Court of Appeal has upheld an earlier ruling against an opponent of the giant Grasberg copper-gold mine in Irian Jaya, Indonesia, stating that the plaintiff, Thomas Beanal, failed to show that …
LME WHSE LEVELS (December 20, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 14/99 (change from Dec. 7 in brackets):Aluminium767550(-5400)…
Omolon repays debt financing
The Kubaka mine in far eastern Russia has enabled owner Omolon Gold Mining to repay US$50 million of the US$130 million in debt financing it received from the European Bank for Reconstruction & Develo…
JCI
Denver — Ashanti Goldfields (ASL-N) has submitted a restructuring plan, together with a financial and operating review, to its hedge counterparties and lending banks, extending to mid-December the fr…
Namibian Minerals secures Nam II funds
A US$25-million loan paves the way for Namibian Minerals (NMR-T) to build a second offshore diamond mining platform and recovery plant.HSBC Equator Bank and Nedbank Africa (a division of Nedcor Bank) …