BHP takes major writedowns
Australia’s Broken Hill Proprietary (BHP-N) has written down the value of a large number of its assets.For the 1998 fiscal year ended May 31, BHP took writedowns totalling US$1.74 billion on a number …
Articles by Northern Miner Staff
LETTERS TO THE EDITOR — Isolation breeds ignorance — Nature of business contributes to carelessness
The passing of David Walsh, the late president of Bre-X Minerals, closes the final chapter on an individual who orchestrated one of the biggest snowjobs in the history of the exploration industry.He w…
MINING MARKETS & INVESTMENT NEWS — Antares buys more of Steppe Gold
After completing a due diligence review, Antares Mining and Exploration (ANZ-T) has exercised its option to acquire a $1.7-million convertible debenture of Steppe Gold (SPE-V).The debenture is convert…
Copper looking down a long, dark tunnel — Surpluses, weak demand could depress price for several years
Anyone that cashed out of the copper market around the time of the Sumitomo rogue-trading scandal had impeccable timing.Recent reports on the copper market by two metal trading firms and a Canadian ba…
MINING MARKETS & INVESTMENT NEWS — QUERY — Great Basin financing Nevada projects
In The Northern Miner of March,. 9/98, you carried a story entitled “Great Basin hits bonanza grades at Ivanhoe.” It says that results of the remaining drill test were expected later that month.I have…
LME WAREHOUSE LEVES
Metal stocks (in tonnes) held in London Metal Exchange warehouses at June 26/98 (change from June 22 in brackets):MetalStocks(tonnes)Change…
Index (July 06, 1998)
CareersClassifiedCommentaryDiamond PageDrillersEditorialFacts’n’FiguresInvestment CommentaryLetters to the EditorMarket PlaceMetal PricesMining Markets and Investment NewsProfessional DirectoryQuerySt…
Friedland gets green light to pursue counterclaim
The U.S. Environmental Protection Agency (EPA), already under fire for having bungled the remediation of the ill-fated Summitville gold mine in Colorado, has been ordered to face a Canadian court for …
Armenian mine gets nod
Determined to rise above the depressed gold market, First Dynasty Mines (FDM-T) has convinced the Armenian government to give its blessing to redevelopment of the former-producing Zod and Meghradzor m…
MINING MARKETS & INVESTMENT NEWS — INVESTMENT COMMENTARY — Analyst sees buying opportunity in Canabrava’s share decline
John Hainey, mining analyst for Yorkton Securities, was among the first to understand the significance of the diamond discoveries in the Lac de Gras region of Canada’s Northwest Territories. These day…
GREATEST VALUE TRADED, June 23-29
ExchgVal($000s)HighLowCloseChangeBarrick GoldT151…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Marshall Minerals soars on deal for deposit in Tajikistan
The Toronto Stock Exchange had a broad trading range during the June 24-29 report period, with the TSE 300 composite index rising 3.3% to 7,409.38 points. The metals and minerals sub-index gained 2%, …