Line Creek coal mine will expand
The Line Creek coal mine has received approval from the British Columbia government to expand to Horseshoe Ridge. The mine is about 18 km northeast of Sparwood.Line Creek Resources has been producing …
Articles by Northern Miner Staff
Dakota reopens Stibnite mine
The Stibnite gold mine in Idaho has resumed operation, following approval from the National Marine Fisheries Service (N.M.F.S.).The open-pit, heap-leach operation is owned by Dakota Mining (TSE), whic…
Funding in place for Willoughby
A $1.1 million financing will enable Camnor Resources (VSE) to cover its share of the cost of a planned $1.5-million exploration program at the Willoughby property near Stewart, B.C.Camnor and Gold Gi…
GREATEST VALUE TRADED, JULY 12-18
Exch Value ($000s)HighLowCloseChange Inco Ltd T400649$47 3/445 3/847 1/4+1 3/4Placer Dome T185619$403838 3/4….Noranda Inc T163236$3028 1/429 5/8+1 1/8Barrick Gold T141238…
INVESTMENT COMMENTARY — Undervalued Goldcorp regarded as a winner
The recent exploration success at the Red Lake gold mine in northwestern Ontario could translate into a mid-term price of $20 to $25 per share for Goldcorp (TSE).Such is the opinion of David James, go…
INSIDER TRADING — Noranda insiders traded shares
Several senior officers of Noranda (TSE) and its affiliates traded options and common shares in the company over the past few months.According to the Ontario Securities Commission’s OSC Bulletin, Keit…
Gold-hungry juniors stake out Timmins ground
Several juniors are acquiring ground in the Timmins, Ont., area, as they search for signs of the elusive yellow metal.In Reeves Twp., Cross Lake Minerals (VSE) has acquired a 100-claim property coveri…
Glamis-Eldorado marriage unlikely
The hostile takeover of Eldorado (TSE) by Glamis Gold (TSE) is on the rocks.In an eleventh-hour move, Glamis withdrew its application before the Ontario and British Columbia Securities Commissions, re…
Adex pleased to nab producer
Ownership of the Mount Pleasant polymetallic mine in New Brunswick has changed hands.Adex Mining (TSE) acquired all of the shares of Piskahegan Resources, which holds a 100% interest in the mine prope…
Inmet pulls plug on Copper Range plant
Excessively high capital costs have forced Inmet Mining (TSE) to shut down and re-evaluate the Copper Range operation in Michigan.Mining and milling at Inmet’s 80%-owned facility will cease in late Se…
Puerto Rican gov’t outlaws open-pit miners
The government of Puerto Rico has banned open-pit extraction of metals, and North America’s mining industry is not amused.Indeed, one American company, USMX (TSE), is taking the matter personally.”No …
Pangea projects catch eye of African majors
It was only a matter of time before South Africa’s major mining companies became interested in the opportunities being aggressively developed in their own backyard by North American juniors.In the spa…