Busang’s fate still uncertain
The Indonesian Ministry of Mines and Energy has sent a letter to Bre-X Minerals (BXM-T) and Barrick Gold (ABX-T) that reportedly gives the two companies one month to complete a development agreement f…
Articles by Northern Miner Staff
Echo Bay to launch two new gold mines
Echo Bay Mines (ECO-T) has announced production plans for two new gold mines — one in Canada, the other in Mexico.Over the next two years, the major plans to contribute a total of US$167 million towa…
Royalty sisters to build Nevada mine
Sister royalty companies Franco-Nevada Mining (FN-T) and Euro-Nevada Mining (EN-T) have approved an US$84-million development plan for the Rex-Grande gold deposit in Nevada’s Carlin trend.The companie…
Newmont Gold inks deal with TVI Pacific
The Philippine subsidiary of Newmont Gold (NGC-N) has optioned a 60% interest in two application areas on the island of Luzon from TVI Pacific (TVI-T) for US$4 million.TVI holds a government contract …
ODDS’N’SODS — Paper profits
When I was a barber in Timmins, Ont., I always kept copies of The Northern Miner on hand. My clients enjoyed following stories about mining projects and developments, including the nearby Texas Gulf S…
THE DIAMOND PAGE — Ashton and Pure Gold drill for diamonds in Alberta
Partners Ashton Mining of Canada (ACA-T) and Pure Gold Resources (PUG-T) have launched a drill program aimed at uncovering diamonds in the north-central part of Alberta, northeast of Grande Prairie.Th…
THE DIAMOND PAGE — Trade Winds pulls stones from Drybones
Drill results from the Drybones Bay diamond project in the Northwest Territories are proving encouraging for Trade Winds Resources (TDN-V).In 1996, the company tested the eastern portion of the comple…
LME WHSE LEVELS (January 27, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan.20/97 (change from previous week in brackets):Aluminium963,325(-5,175)Copper143,225(+11,750)Lead115,375(-2,275)Nickel49,…
STOCK MARKETS — Gold’s slide doesn’t faze TSE
Seven consecutive winning days pushed the Toronto Stock Exchange’s composite 300 index beyond the 6,100 mark for the first time ever during the Jan. 15-21 trading period. The index hit record highs on…
STOCK MARKETS — VSE snoozes through the week
The Vancouver Stock Exchange composite index remained flat over the report period ended Jan. 21, up just 3.98 points at 1,195. The resource index closed down 20.22 points to 2,244.53.Mar-West Resource…
Geomaque and Milagro settle merger dispute
Tussling juniors Geomaque Explorations (GEO-T) and Milagro Minerals have settled their differences and completed their merger.Geomaque had balked at merging until outstanding legal issues regarding th…
Holmer hits Cuban massive sulphides
Drilling by Holmer Gold Mines (HGM-A) at its San Fernando concession in central Cuba has confirmed the presence of a massive sulphide deposit.The Toronto-based company drilled three follow-up holes wi…