Olympus drills Vietnamese prospect
Junior gold explorer Olympus Pacific Minerals (OYM-V) has hit narrow, high-grade gold mineralization in closely spaced drilling at its Phuoc Son property in central Vietnam.The 6-hole program tested f…
Articles by Northern Miner Staff
Index (November 15, 1999)
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Anaconda sues nickel mine contractor
Australian nickel producer Anaconda Nickel has filed a US$192-million lawsuit against contractor Fluor Daniel, blaming the engineering firm for start-up woes at the US$650-million Murrin Murrin nickel…
Expansion renders Grasberg a titan — Third quarter highlighted by falling production costs
Perched high in the rugged highlands of the Sudirman Mountain range in this Indonesian province is one of the richest and most remote copper-gold mining operations in the world. It may also be the wor…
Minera Andes picks up ground
Although known for its exploration projects in Argentina, Minera Andes (MAI-A) has signed an agreement with the Romanian government to explore two properties in that country.The Voia and Ostoros prope…
Writedown cuts into earnings at Cameco
Uranium and gold producer Cameco (CCO-T) salvaged a quarterly profit despite having taken a $45.5-million charge against the value of its properties.For the three months ended Sept. 30, the Saskatoon-…
Bema, Ecuadorian swap shares
As a means to advance its South American projects, Ecuadorian Minerals (EMC-T) is exchanging 3.8 million of its shares for 3.3 million shares of Bema Gold (BGO-T).The trade, which is subject to regula…
Companies (November 15, 1999)
Aber ResourcesAfrioreAnaconda NickelAnglo AmericanAnglogoldApex Silver MinesAshanti GoldfieldsAtna ResourcesAurizon MinesBarrick GoldBattle MountainBema GoldBlack Hawk MiningCambiorCamecoCanarc Resour…
DIAMOND PAGE — Diamond Fields sells more gems
Vancouver-based Diamond Fields International (DFI-V) has sold a 6,475-carat parcel of diamonds from its Luderitz ocean concessions, off the coast of Namibia.The US$164-per-carat sale was preceded by t…
Tulawaka reveals more gold
Partners Pangea Goldfields (PGD-T) and Minires du Nord (MDN-M) continue to report high gold values from their Tulawaka property in Tanzania’s Lake Victoria Goldfields district.Results from 15 holes i…
NEWS ROUNDUP — KEGS starts scholarship fund
The Canadian Exploration Geophysicists Society (KEGS) has established a scholarship fund for students interested in pursuing studies in geophysics.The KEGS Foundation is currently raising funds for bo…
NEWS ROUNDUP — Nuinsco resumes work at Lac Rocher
Drilling at the Lac Rocher property in northwestern Quebec is following up on a nickel discovery by Nuinsco Resources (NWI-T).The initial target of the current program is Anomaly A, an untested mafic-…