NovaWest options Raglan properties
Vancouver-based NovaWest Resources (NVE-V) is optioning five additional properties in the Raglan nickel-Copper-platinum camp on the Ungava peninsula of northern Quebec.The newly acquired properties co…
Articles by Northern Miner Staff
Sur American Gold postpones $8.5-Million financing
Sur American Gold (SUR-A) has postponed its recently announced $8.55-Million financing in light of the ongoing market turmoil surrounding Bre-X Minerals (BXM-T).The financing, along with $2.4 million …
Friedland sues United States — Former mine owner seeking damages
The first wayward trickle from the ill-fated Summitville gold mine led to a flood of environmental and legal controversy — and it’s not over yet.Canadian lawyers representing Robert Friedland (inset)…
CIM to focus on Central America
Heap-leach gold operations in Central America will be discussed at a luncheon hosted by the Canadian Institute of Mining, Metallurgy & Petroleum, to be held at 12 noon, Thursday, April 17 at Toronto’s…
Corrections (April 14, 1997)
Arauco Resources (ARU-V) has acquired full ownership of the George Lake gold project. Incorrect information appeared in our issue of March 31.
EDITORIAL — Dearth of data warranted skepticism — The bitter taste of humble pie
There were many tales told at the Busang property in Kalimantan, Indonesia, but one that might have a grain of truth was the story of the over-educated “egg-head” geologist sent by a major mining comp…
DIAMOND BRIEFS — Diagem markets Brazilian stones
Vancouver-based Diagem International Resource (DGM-V) has released production figures from the Juina alluvial diamond operation in Brazil’s Mato Grosso state.Production of diamonds in March was 11,723…
LETTER TO THE EDITOR — Everybody wins when CIDA grants benefit Canadian business
A recent letter from Maurice Brown (T.N.M., Jan. 27/97) may not contain the right information on projects operated by the Canadian International Development Agency (CIDA) in foreign countries.I was a …
LME WAREHOUSE LEVELS (April 14, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at April 7/97 (change from previous week in brackets):Aluminium844,575(-8,425)Copper167,125(-10,125)Lead107,875(+950)Nickel48,5…
Bema boosts stake in El Callao and Puma
To increase its interest in two Vancouver-listed juniors, Bema Gold (BGO-T) has spent $4.8 million in two separate private placements.Bema bought 2 million units of El Callao Mining (ECM-V) at $1.50 e…
DIAMOND BRIEFS — Hymex tallies Guinean output
Several large stones were part of the latest production haul at Hymex Diamond’s (HMD-V) alluvial operations in Guinea, West Africa.For the month of March, the company recovered 5,511 stones weighing a…
Greatest Value Traded April 2-8
ExchgValue($000s)HighLowCloseChangeBarrick GoldT1…