HRC and Inmet file bid on Ethiopian play
A gold operation in southern Ethiopia is attracting the interest of Inmet Mining (TSE) and HRC Development (VSE).The former hopes to acquire the Legadembi gold mine from the Ethiopian government and i…
Articles by Northern Miner Staff
CMCA announces new directors
The Canadian Mining Contractors Association has announced a new board of directors. The members were elected at the organization’s annual meeting in Edmonton, Alta.The board now includes: Robert Brown…
COMMENTARY — The Helms-Burton Act, Part 1
The U.S. Congress recently enacted the Cuban Liberty and Democratic Solidarity (Libertad) Act, also known as “Helms-Burton,” after its sponsors Senator Jesse Helms and Congressman Dan Burton. The Act …
PEOPLE — FIRST DYNASTY (May 27, 1996)
Marcus Randolph appointed president and director; Johannes Kotjo appointed chairman; T. Haddon, Marcus Randolph and Myron Goldstein appointed directors.
BOOK REVIEW — Book explores world diamond market
Three prominent international mining writers have produced New Frontiers in Diamonds, a book that analyzes the world diamond industry and the dramatic changes expected to take place in the next centur…
METAL PRICES — FREE MARKET (May 27, 1996)
London Metal Exchange.Spot closing prices in $US per tonne.DateMay 21 May 20May 17 May 16 May 15.Copper2510-2515 2472-24772570-25752740-27452750-2755.Lead835-836 831-832841-843 852-853 845.5-…
PEOPLE — CROSS LAKE (May 27, 1996)
James Tutton appointed president; Henry Ewanchuk, Chet Idziszek and Brian Kynoch appointed directors.
PEOPLE — BREN-MAR RES.
A. Beaton appointed officer and vice-president of mining; Hans Schwabl and Bruce Purcell appointed directors.
Spot prices at a glance (May 27, 1996)
Wednesday, May 22, 1996Week’s Price (US)ChangeGold*$391.00-$0.85.Silver*$ 5.29-$0.11.Platinum*$397.25-$5.00.Nickel**$ 3.51-$0.13.Lead**$ 0.380.00.Copper$ 1.11-$0.13.Zinc$ 0.4…
Dayton Mining posts first-quarter results
In its first three months of operation, the Andacollo open-pit, heap-leach mine in Chile produced 22,159 oz. gold at a cash cost of US$163 per oz. Owner Dayton Mining (TSE) recorded an income of $495,…
Beaufor pays off for Louvem Mines
Investment in the Beaufor gold mine near Val d’Or, Que., has paid off for Louvem Mines (TSE), which made a slight profit in the first quarter.The company earned $16,808 (nil per share) on revenue of $…
ANNUAL REPORT REVIEW — An investor’s guide to reading the Annual Report
What is past is prologue. — William ShakespeareChances are the Bard never had to write an annual report, yet the above aphorism serves as a reasonable explanation as to why this most widely read of f…