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…
Articles by Northern Miner Staff
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…
Anglo joins Eden Roc in Cote d’Ivoire
Eden Roc Mineral (EDN-T) has signed a letter of intent to form a joint venture with South African-based major Anglo American encompassing all of Eden Roc’s gold properties in southeastern Cote d’lvoir…
Guyanor terminates Asarco joint ventures
By terminating joint-venture agreements with Asarco (AR-N), Guyanor Ressources (GRL.B-T) has regained control of two gold properties in French Guiana.Guyanor, which is 69% owned by Golden Star Resourc…
Sutton continues push at Kabanga nickel project
Sutton Resources (STT-V) and joint-venture partner Anglo American of South Africa are aggressively working to complete an initial mine feasibility review of their Kabanga nickel project in western Tan…
NEVADA AND THE WESTERN STATES — Romarco plans to drill seven properties in Nevada
Romarco Minerals (R-T) is primed for a fast-paced summer exploration season, including drilling at seven Nevada gold properties.The company expects to spend $6 million on exploration this year, and it…
NEVADA AND THE WESTERN STATES — Alta begins building Olinghouse gold mine
Now that all the permits and funding are in hand, Alta Gold (ALTA-Q) has begun construction of the Olinghouse gold mine east of Reno, Nev.On May 8, the company received a record of decision from the U…
NEVADA AND THE WESTERN STATES — Low-cost Cortez mine leads Placer Dome’s pack
Although it produces gold at a multitude of operations strewn across four continents, Placer Dome(PDG-T) is mining the yellow metal most economically at the Cortez minein Nevada.Placer, as operator, h…