Falconbridge lone bidder for Diamond Fields
In the absence of a rival bid for Diamond Fields Resources’ (TSE) stake in the Voisey’s Bay nickel-copper-cobalt deposit in Labrador, the wheels have been set in motion for the takeover of the company…
Articles by Northern Miner Staff
U.S. Hall of Fame set to expand
The National Mining Hall of Fame and Museum is constructing a replica of a coal mine.The museum already features a walk-through replica of a hardrock mine (complete with twisting caverns, mine timbers…
High uranium price adds value to Cameco
Toronto-listed Cameco has posted its best-ever year-end results, thanks to a 25% increase in the spot price of U3O8 and record sales for uranium concentrates.Spot prices of U3O8 jumped to US$12.20 per…
Tambo trenching defines targets for drilling
Precious and base metal mineralization at the Tambo property in southern Peru is being trenched in an effort to define drill targets.The 25,400-hectare parcel of land is one of 11 Peruvian properties …
Resource at Busang climbs to 15 million oz.
Bre-X Minerals (ASE) has released the much-anticipated resource calculation for a portion of the Southeast zone at the Busang gold project in East Kalimantan, Indonesia.Based on a cutoff grade of 0.75…
Kennecott Canada puts Diavik project on the fast track
Kennecott Canada is proceeding with a 3,000-tonne bulk-sampling program at its Diavik diamond project in the Lac de Gras region of the Northwest Territories.Kennecott, as operator, holds a 60% interes…
Goldcorp cuts more gold in Red Lake
Toronto-listed Goldcorp has intersected high-grade gold values around existing zones at its Red Lake mine in northwestern Ontario.Twenty-five holes were drilled in five areas around known mineralizati…
Minorco to get 75% of Loma de Hierro
Minorco subsidiary AMSA will acquire a 75% interest in the Loma de Hierro nickel project from Jordex Resources (TSE) and Venezuelan partner Corporacion Caracas.A previous agreement entitles AMSA, whic…
EDITORIAL PAGE — What goes around, comes around
Copper producers have enjoyed robust prices of late, and though prices may weaken with an increase in supply, the long-term outlook for demand remains bullish.Many producers of the red metal have bene…
Yamana continues drilling targets at the Microonda gold property
Drilling is continuing at the Microonda epithermal gold property in Santa Cruz, Argentina.Yamana Resources (TSE) has completed reverse-circulation drilling totalling 6,560 metres and has tested five o…
Spot prices at a glance (February 26, 1996)
Wednesday, Febuary 21, 1996Week’sPrice (US)ChangeGold*$398.50-$5.40Silver*$ 5.55-$0.14Platinum*$417.50-$4.00Nickel**$ 3.73+$0.05Lead**$ 0.36+$0.02Copper $ 1.13-$0.01Zinca$ 0….
Metal Prices — FREE MARKET (February 26, 1996)
London Metal ExchangeSpot closing prices in $US per tonneDateFeb. 20 Feb. 19Feb. 16Feb. 15Feb. 14Copper2506-2509 2508-25102491-24942519-25222504-2507Lead772-774 769-770773-775771-772…