Swedish exploration
Giant Swedish mining firm Boliden Minerals reported it plans to spend about $50 million during the next 4-6 years on grassroots exploration in the Skellefte area of Sweden. Boliden, part of the Trelle…
Articles by Northern Miner Staff
CIM’s lively symposium gets back to basics
The enthusiastic response to the Canadian Institute of Mining, Metallurgy and Petroleum’s sixth mineral economics symposium shows that the mining industry is anxious to get “back to basics.” About 150…
U.S. REPORT New rates apply to Asarco mine
A determination of new royalty rates applicable to about half of the production of the Mission copper mine of Asarco (NYSE) has been completed by the Arizona state land department, the company reporte…
Abitibi, Golden Rule settle Douay project
Calgary-based Northern Abitibi Mining (ASE) and Golden Rule Resources (TSE) have settled their legal dispute with partners Inco (TSE), Vior (ME) and Cambior (TSE). The legal dispute erupted between th…
Keno mines on hold
In view of recent silver prices, management of United Keno Hill Mines (TSE) decided not to begin commercial production at its silver-lead-zinc properties in the Keno-Galena Hills area of the Yukon. Th…
NEWS IN BRIEF Millstream placement
Millstream Mines (COATS) has completed a private placement of 909,198 common shares at 20 cents per share. The company says proceeds of $181,839 will be used to pay off outstanding debts.
Akiko-Lori proposes merger with Bradner
By merging with Bradner Resources (VSE), Akiko-Lori Gold Resources (VSE) hopes to gain control of a major interest in Gold Canyon Resources (VSE). Akiko-Lori is offering to acquire all the outstanding…
Cream Silver sues B.C. government for compensation
As part of an ongoing battle with the British Columbia government, Cream Silver Mines (VSE) is taking the next step in its efforts to be compensated for the “expropriation” of its right to explore and…
Metalore files Brookbank appeal
Metalore Resources (TSE) has appealed to the Court of Appeal for Ontario in its bid to regain control of the Brookbank gold property which was awarded to Ontex Resources (ASE) following a trial last y…
CHARTER MINERALS
Brian Fairbank, Arthur Radtke, Marjorie Easley and Reginald Faulkner elected to the board.
Crude, partners up Moss Lake reserves
Partners Central Crude (TSE), Tandem Resources (TSE) and Storimin Exploration (ASE) have announced a substantial increase in reserves at the Moss Lake gold project, about 50 miles west of Thunder Bay,…
USMX, INC.
James Knox, Gregory Pusey and John Willson appointed to an interim executive committee of the board of directors; Keith Hulley resigned as president and director.