Articles by Northern Miner Staff

Alberta-based Sherritt (TSE) has signed a joint agreement with the Cuban government to mine, process and sell nickel and cobalt on a world-wide basis. Representing the Cuban government in the arrangem…

The recent upswing in the price of copper — the red metal set a new 15-month high by topping US$1 per lb. — has caught the attention of producers and investors alike. Unlike the sudden rallies withi…

The Ivan copper project in northern Chile is scheduled for startup in the second half of 1994, reports Minera Rayrock (TSE). Situated 40 km northeast of the seaport of Antofagasta, the operation is ex…

While Gibraltar Mines (TSE) continues to explore prospects near its copper mine in south-central British Columbia, the company has expanded its search much farther south, in Chile. Earlier this year, …

Denver-based Golden Star Resources (TSE) will retain its 30% interest in the Omai gold mine in Guyana. The company says that, at its request, Omai partner Cambior (TSE) has elected not to exercise its…

Western markets followed their eastern cousins down over the trading period ended June 21, despite strength in gold and other commodities. The negative investment sentiment pushed the Vancouver Stock …

Toronto-based Rio Algom (TSE) has agreed to buy a 25% royalty interest in the production proceeds from the Polaris mine on Little Cornwallis Island, N.W.T. The royalty interest is the main asset of NC…

Toronto-based Madsen Gold (TSE) has proposed a private placement of 80-100 units at $12,350 each. A unit will consist of 9,000 flow-through common shares at $1.25 each and 1,000 common share purchase …

Alvin Einbender appointed chairman of the executive committee of the board; Gerard Munera appointed chairman; Carmen Fimiani appointed president; William Mulligan appointed executive vice-president of…

While most foreign mining companies active in Chile target exploration-stage properties of “elephantine” potential, Aurex Resources (VSE) — part of the Hughes-Lang Group — is setting its sights on s…

Philippine President Fidel Ramos recently signed a law reducing taxes on minerals, which he described as a rescue package that would attract foreign investors to his country’s ailing mining industry. …

The Guanaco open-pit mine has been in production for more than a year and 90%-owner Amax Gold (NYSE) is still working the bugs out of the system. Situated 145 miles southeast of Antofagasta, the mine …