NEWS IN BRIEF (September 01, 1997)
Rochester Minerals (ROR-V) has changed its name to Rochester Energy (ROV-V).
Articles by Northern Miner Staff
Eden Roc turns profit at African gold mine
Miners say it all the time, so it must be true: there is no substitute for grade.The motto would seem to apply to Eden Roc Minerals (edn-t), which announced record gold production of 11,670 oz. and ne…
Australian satellite to aid in exploration
Australia is taking the science of mineral exploration to new heights.A consortium of business and government interests is developing a satellite to carry imaging spectrometers capable of differentiat…
METAL PRICES — Daily Metal Prices (September 01, 1997)
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateAug. 26Aug.25Aug. 22Aug. 21Au…
Falconbridge, workers reach contract deal
Falconbridge has come to a new contract agreement with 1,400 striking production and maintenance workers at its mining and smelting operation in Sudbury, Ont.Employees had been on strike since Aug. 1,…
Pelangio aims drills at Bristol Twp.
Drilling by Pelangio Larder Mines (PLLM-C) is under way at the Poirier prospect in Bristol Twp., west of Timmins, Ont.Pelangio, which is earning a 50% interest from Copper Dome Mines (cpj-a), is drill…
STOCK MARKETS — Base metals beaten down again on TSE — Broad market heads nowhere but golds finally move higher
The Toronto Stock Exchange was uninspired during the trading period Aug.20-26, losing 17.97 points to close Aug. 26 at 6,697.91. The base metals, oil and gas, and real estate sectors were the major dr…
Rio Tinto drills gold prospect
Rio Tinto (RTP-n) is engaged in a drilling program at its wholly owned Canoas concession in south-central Ecuador.The activity is focused on the northwestern part of the concession. To date, about 40 …
PEOPLE — PT FREEPORT INDONESIA 5 PEOPLE — SASHA VENTURES PEOPLE — VELVET EXPL.
Robert Wohleber appointed senior vice-president.Barry Ehrl appointed chief executive officer.Ken Norman appointed director of public relations.
Earnings rise for Rayrock Yellowknife
A major sale made the second quarter a strong one for Rayrock Yellowknife Resources (RAY-T).The company, which mines gold in Nevada, reported earnings of US$5.4 million (or 30 cents per share), compar…
Mar-West, Curion expand Honduran deposit
An oxidized gold resource in excess of 20 million tonnes grading 1.3 grams gold per tonne has been established at the San Martin concession in central Honduras.The announcement follows a first phase o…
Gold Reserve passes audit
A study by Behre Dolbear has concluded that data collection procedures used by Gold Reserve (glr-t) at its Brisas gold deposit in southeastern Venezuela meet or exceed accepted industry standards.Othe…