Cline Mining sues B.C. government for $500 million
VANCOUVER — Cline Mining (CMK-T) is suing the British Columbia government for $500 million in compensation for the coal licenses it lost when the government banned mining in the Flathead valley.
Articles by Northern Miner Staff
Centamin’s open-pit upgrades a ray of sunshine at Sukari
VANCOUVER — Shareholders of Egyptian gold-operator Centamin (CEE-T, CEY-L) received a welcome bit of good news when the company released an upgraded open-pit plan for its flagship Sukari gold mine 700-km from Cairo near the Red Sea.
Commentary: Let’s not rush into carbon sequestration
Removing atmospheric carbon dioxide produced by burning fossil fuels is becoming a popular issue among environmentalists and government environmental agencies. But the issue needs more study of possible side effects.
Selwyn reduces scope of project in face of high capital costs
VANCOUVER — High capital costs have forced Selwyn Resources (SWN-V) to drastically cut planned mine throughput for its Yukon lead-zinc underground mine as its tries to make the project affordable.
Kinross unloads stake in Crixas for US$220 million
VANCOUVER — Canada’s third-largest gold producer Kinross Gold (K-T, KGC-N) has divested its 50% stake in the Crixas gold operation in central Brazil to South African partner AngloGold Ashanti (AU-N, AGG-A) in a cash deal worth…
[Update] Authorities tame Kirkland Lake, Timmins forest fires
VANCOUVER — Raging forest fires attributed to irresponsible campers near the towns of Kirkland Lake and Timmins in northeastern Ontario forced residents from their homes, and impacted four regional gold operations, as fire crews and the…
Prophecy Platinum sees promising signs at Wellgreen
VANCOUVER — Things keep rolling along for Vancouver-based exploration outfit Prophecy Platinum (NKL-V) at its flagship Wellgreen platinum group metals (PGM) and nickel project in the Yukon Territories. The company released a flurry of…
Venture sees straight gains in May 22-25 period
VANCOUVER — During the May 22-25 period the S&P TSX Venture Composite Index managed to claw back much of the steep losses it had suffered the week prior, gaining 81.39 points to end the period at 1,309.27 points after four days of…
TSX moves up during May 22-25
Amidst the continuing euro zone jitters, the Toronto Stock Exchange managed to finish in the positive territory during the holiday-shortened trading week.
U.S. equities ride the roller coaster May 22-25
VANCOUVER — Volatility remains the buzzword following a mixed week on Wall Street that saw indexes plunge to multi-month lows before rebounding to post modest weekly gains. The Dow Jones Industrial fell to lows of 12,315.95 on…
First resource for Cliffs’ and First Point’s Decar
A maiden resource estimate on Cliffs Natural Resources’ (CLF-N) and First Point Minerals’ (FPX-V) Decar nickel-iron alloy project in northern B.C. has delineated almost 3 billion lbs. nickel in the ground. The inferred resource on…
Gold Standard strikes again at Railroad
It looks like Gold Standard Ventures (GV-V) has done it again. The company’s shares jumped 51%, or 91¢ on April 26, following the new results from the North Bullion zone at its Railroad gold property outside of Elko, Nev. Gold…