Aber to raise $102.9 million
Aber Resources (ABZ-T) has entered into a bought-deal financing with a syndicate of underwriters, led by Bunting Warburg, that will raise gross proceeds of $102.9 million. The deal involves 7 million …
Articles by Northern Miner Staff
CIM conference looks to next century — Miners face new challenges of globalization, weak commodity prices and public acceptance
Delegates attending a conference held here in early May were told that mining in the next century may feature the increased use of robotics, specialty alloys and recycled materials, and may incorporat…
Sorting facility planned for Yellowknife
Dia Met Minerals (DMM-T) and BHP Diamonds have announced plans to construct a diamond sorting and valuation facility at the Yellowknife airport in the Northwest Territories.The facility will be used f…
Southern Cross boosts U resource
Southern Cross Resources (SXR) has increased resources at its Goulds Dam-Billeroo uranium property in Australia.Based on 504 holes drilled between 1969 and 1980, not all of which had been used in prev…
Virginia drilling at LG-Sud
Quebec City-based Virginia Gold Mines (VIA-M) is set to begin a new drill program on the Grande Sud property in the James Bay region of Quebec.Attention is focused on two zones of mineralization, name…
Camnor acquires Alaskan properties
Vancouver-based Camnor Resources (CMB-V) has signed a letter of intent to acquire polymetallic mineral properties in Alaska’s Bonnifield district from Golden Phoenix Minerals (GPXM-Q).The deal commits…
Boliden denies wrongdoing however, as owner of the mine, Boliden will honor its responsibilities.” Two independent firms are currently attempting to determine the cause of the dyke’s failure, while environmental studies continue. Crews are transporting the solid wastes to the nearby mined-out Aznalcollar open pit. If this task is completed on schedule, mining activities may be able to resume in six months.
Management of Boliden (BOL-T) told shareholders at the company’s first annual meeting as a Canadian-based miner that the tailings spill at its Los Frailes mine in Spain was not the result of negligenc…
Sahelian Goldfields pours first gold — Rehabilitation of Poura mine well under way
The 160-oz. gold bar poured May 7 at the Poura mine, in west-central Burkina Faso, won’t rock the gold market, but it represents an appropriate milestone on a long road back.For Sahelian Goldfields (S…
Placer drops Cerro Crucitas
Placer Dome (PDG-T) has decided to sell its interest in the Cerro Crucitas gold property in northern Costa Rica, stating that the property does not fit its strategic objectives.Since discovering the C…
SUPPLIERS NEWS ROUNDUP — Scintrex wins Chinese contract
The nucleonics division of Concord, Ont.-based Scintrex has been awarded a contract valued at $3.1 million from Atomic Energy Canada to supply the fail fuel location systems for the Qinshan 1 and 2 po…
SUPPLIERS NEWS ROUNDUP — Dynatec awarded shaft contract
Richmond Hill, Ont.-based Dynatec has been awarded a US$9.5-million contract from North American Salt.The contract covers the sinking of a 1,600-ft., concrete-lined production shaft at Cote Blanche Is…
Gold sales strengthen Cameco’s bottom line
Despite low prices for both uranium and gold, Cameco (CCO-T) posted solid earnings for the first quarter.Net earnings for the 3-month period ended March 31 increased to $18 million (or 31cents per sha…