News
The Northern Miner — North American Mining Index (April 16, 2001)
70.60 (+4.10)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (April 16, 2001)
46.26 (-1.66)(Sept. 30/98 = 100)…
Cutbacks bolster nickel
What had appeared to be a promising rally in base metals markets earlier on in the week of April 2 turned into something of a rout on April 6 as both copper and aluminum prices shed US$30-40 per tonne…
PEOPLE (April 16, 2001)
Cairngorm Mines — John Wiebe appointed managing director and secretary.Strongbow — Grenville Thomas appointed president and CEO.Tahera — Jonathan Goodman appointed director.
No white knights in Labrador and Luscar fights
In two quiet corners of the mining industry — the iron ore and coal businesses — takeover battles for income funds have enlivened the profitable, but otherwise dry, business of cashing royalty chequ…
Crystallex backs Idaho Consolidated
Under the terms of a management agreement, Crystallex International (KRY-T) will provide technical support services for Idaho Consolidated Metals’ (IDO-V) exploration efforts at the Stillwater complex…
Celtic, Orogrande holes cut sulphides
Drilling at two separate projects in central Newfoundland has turned up promising massive sulphide mineralization.At the Great Burnt Lake property, Celtic Minerals (CME-V) has extended a known copper …
Tahera finds new kimberlite at Jericho
Exploration drilling by Tahera (TAH-T) has uncovered a new kimberlite body at its wholly owned Jericho project in Nunavut, 430 km northeast of Yellowknife.The kimberlite lies under a small lake, 6 km …
Lisheen to reach design capacity
Based on an improved first-quarter performance at the Lisheen zinc-lead mine in southern Ireland, Ivernia West (IVW-T) says full production should be attained by mid-year.The underground operation, wh…
Richmont buys Aurizon’s half of Beaufor
For a bit of cash and a royalty, junior miner Richmont Mines (RIC-T) is buying Aurizon Mines’ (ARZ-T) half-interest in the suspended Beaufor gold mine in northwestern Quebec.Richmont already holds a s…
Mixed results at Alluviaq Fjord
Despite recovering some commercial-size stones from the Torngat 1 dyke in the Alluviaq Fjord area of northern Quebec, Twin Mining’s most recent surface sampling would seem to confirm the structure’s l…