Echo Bay to reopen Lupin mine
The Lupin gold mine in Nunavut will be reopened following a shutdown that lasted nearly two years.Echo Bay Mines (ECO-T) will sink US$12 million into the mine over the next five months, mostly on staf…
1999
50 YEARS AGO/November 1949
This is the first in a series that marks notable events and developments in Canada’s mining past as reported by The Northern Miner 50 years ago.United Keno Hill surmounts Yukon obstacles…
Protesters urge rehiring of 3,000 miners — Failed deal, not greed, reason for Western Areas layoffs: Placer
South African miners recently staged a massive rally to protest layoffs by Placer Dome at its Western Areas joint venture.About 2,000 people gathered at a soccer pitch near Johannesburg in demonstrati…
MOST ACTIVE ISSUES (November 08, 1999)
ExchgVol(000s)HighLowCloseChangePlacer DomeT16429…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Vancouver markets languish; Alberta chases bull
The Vancouver Stock Exchange composite index slid 1.08 points, or 0.3%, over the report period ended Nov. 2, finishing the week at 394.12. The mining index followed suit, losing 2.68 points, or 0.97%,…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — TSE climbs with a little help from base metals
The Toronto Stock Exchange 300 index jumped 150.44 points during the report period ended Nov. 2 to finish at 7,215.32. Resource stocks were mixed: the metals and minerals sub-group rose 10.57 points t…
SUPPLIERS NEWS ROUNDUP — Sea rates for minerals drop
Ocean shipping rates for mineral commodities declined over the past 18 months, according to a survey by Western Mine Engineering.Rates for “Cape” vessels, the largest ocean-going transports, with a ca…
High gold values uncovered at Linear Group properties
Junior United Carina Resources (UCA-V) has received encouraging results from preliminary drilling at its Linear Group gold property near Gander, Nfld.Ten holes totalling 550.2 metres were drilled to f…
Gold Fields eyes St. Helena mine
Gold Fields (GOLD-Q) plans to acquire all the outstanding shares of Johannesburg-listed St. Helena Gold Mines it does not already own.The South African-based company hopes to acquire the shares (equiv…
PEOPLE — Sterling
Stewart Gibson appointed COO.
PEOPLE — Sierra Nevada
M.W. Lee appointed interim president.
Ecuadorian defers payment
Rio Tinto (RTP-N) has allowed Arizona-based junior Ecuadorian Minerals (EMC-T) to defer the first year’s property payment at the Beroen gold-sliver project in Ecuador until completion of a bankable fe…