Diamond Fields seeks dismissal of suit
Facing a lawsuit by shareholders of Exdiam, Diamond Fields Resources (DFR-T) has asked a Texas court for early discovery hearings to consider a motion to dismiss the action.The lawsuit, brought by two…
Articles by Northern Miner Staff
EDITORIAL PAGE — What a tangled web
Sophistry — the art of subtly deceptive reasoning or argumentation practised in ancient Greece — is alive and well, and being developed in new directions by environmentalists opposed to diamond mini…
THE DIAMOND PAGE — Diamondiferous dykes found at Afridi
Drilling suggests that the DA-1 target at the Afridi Lake property in the Northwest Territories consists of a series of steeply dipping, northwest-trending kimberlite dykes.The largest dyke has a maxi…
GREATEST VALUE TRADED (July 01, 1996)
ExchgValue($000s)HighLowCloseChangeBRE-X MnrlsT20…
THE DIAMOND PAGE — Diavik bulk sampling nears completion
The processing of a 3,000-tonne underground bulk sample from the A-154 South pipe at the Diavik diamond project is about two-thirds completed.To date, an overall grade of 4.67 carats per tonne is repo…
PRODUCER PRICES (July 01, 1996)
ALUMINIUM: LME settlement US$1,478 per tonne (June 25, 1996).ANTIMONY: Composite free market, US$2,925 per tonne (June 24, 1996).BISMUTH: Composite free market US$3.56 per lb. (June 14, 1996).CADMIUM:…
METAL PRICES — FREE MARKET (July 01, 1996)
London Metal ExchangeMidday bid-ask prices in $US per tonneDateJune 25June 24June 21June 20June 19…
Clone drilling now under way
Partners Teuton Resources (TUO-V) and Minvita Enterprises (MVE-V) have begun a 5,000-metre diamond drilling program at their Clone property in northwestern British Columbia.The program will test high-…
FMC Gold to break away from parent
FMC Gold (FGL-N) has been examining ways to separate itself from its parent company FMC Corp.FMC Gold’s board of directors approved a plan for re-incorporation, which would include a merger with an ex…
Southwestern, Teck sign Peruvian joint-venture deal
A joint-venture agreement covering 54 exploration concessions in the Rosario-Pichicane mineral belt in southern Peru has been signed by Southwestern Gold (SWG-T), Teck (TEK-T) and Cedimin.Southwest an…
Laguna Gold gains Rio Chiquito
Laguna Gold, a wholly owned subsidiary of Mallon Resources (MLRC-Q), has raised to 100% its interest in the Rio Chiquito gold property in north-central Costa Rica.The acquisition is the result of a me…
Sigma struggles for profitability
The workforce at the Sigma gold mine in Val d’Or, Que., will be reduced by about 100 employees in early July.Operator Placer Dome (PDG-T), which currently has 325 employees on site, says the reduction…