BHP seeks partner for Hope Bay gold project
BHP Minerals Canada, a subsidiary of Australian-based Broken Hill Proprietary (BHP-N), reports it is accepting joint-venture offers to develop the Hope Bay gold property, south of Victoria Island in t…
Articles by Northern Miner Staff
Sutton tables feasibility for Bulyanhulu
The final stamp of economic approval has been given to Sutton Resources’ (STT-T) 85%-held Bulyanhulu gold project in Tanzania.The final feasibility study for Bulyanhulu was prepared by Kilborn Enginee…
Etruscan lures Anglo to Tiawa
Having parted ways with Placer Dome (PDG-T), junior Etruscan Resources (EET-T) has enlisted South African-based mining house Anglo American to help develop its Tiawa gold concession in western Niger.T…
Georgia seeking miners
The government of one of the least-mined of the former Soviet republics has called a tender for a complex mineral licence in hopes of attracting mining companies.With the tender, the Georgian Ministry…
Sunshine hits new high-grade silver vein
With recent drilling at the Pirquitas silver-tin deposit in northern Argentina having encountered new mineralization, Sunshine Mining & Refining (SSC-N) reports that the final feasibility study on the…
MINING MARKETS & INVESTMENT NEWS — Aurizon Mines raises $7m for Casa Berardi
Vancouver-based Aurizon Mines (ARZ-T) has arranged a $7-million financing, proceeds from which will be used to acquire and explore the Casa Berardi gold mine in northwestern Quebec.The first installme…
Alcan group nixes Venezuelan buyout
The Alcan-Alcoa consortium has declined to submit a bid in the privatization of Venezuela’s aluminum companies, stating that the risks inherent in the current privatization process far outweigh the po…
COMMENTARY — Alaska gateway to Russia
Alaska and Russia share a relationship, and companies wishing to do business in eastern Russia should consider opening an office in Alaska.The most obvious advantage of Alaska-based offices for Russia…
Mar-West reports Honduran gold find
Hot on the heels of the company’s discovery of a gold deposit at the Cerro Blanco property in Guatemala, Mar-West Resources (MSR-V) has discovered a gold zone on the San Martin property in central Hon…
Teck eyes open-pit potential of San Nicolas
It was standing room only at Teck’s (TEK-T) recent annual meeting in Vancouver, with shareholders gathered for the announcement of preliminary minable reserve numbers for the San Nicolas polymetallic …
Canyon Resources trims debt
Colorado-based Canyon Resources (CAU-X) has unwound a hedge position in order to repay debt from the Briggs gold mine in southeastern California.The company generated US$11 million in cash by repurcha…
Newmont sees gold output rise while production costs and profits fall
Newmont Gold (NGC-N) ranked among the world’s largest and lowest-cost gold producers in 1997, but first-quarter results indicate that the company may surpass last year’s achievements.Newmont Mining (N…