USGS, AGI to put atlas on DVD
The U.S. Geological Survey (USGS) and the American Geological Institute will develop a comprehensive DVD-based atlas of the world for use in American schools.The global USGS Geographic Information Sys…
News
NAP reduces output as crusher breaks down
A shutdown of the primary crusher has forced North American Palladium (PDL-T) to curtail production at its Lac des les mine in northwestern Ontario.During the three months ended Sept. 30, the mill pr…
Falling prices close Quebec asbestos mine
The falling price of asbestos worldwide has forced the closure of the Jeffrey operation, north of Sherbrooke, Que., forcing the owner, Jeffrey Mine, to file for bankruptcy protection.The decline in th…
NRCan to oversee rough diamond trade
Under proposed legislation before the House of Commons, Natural Resources Canada would become the Canadian authority for the import and export of rough diamonds, as part of the federal government’s pa…
Copper market poised to benefit from stronger demand
This article, the second of two instalments devoted to base metals, was culled from Barclays Capital’s monthly report The Commodity Refiner. Part 1 appeared in our Oct 14-20 issue.Macroeconomic-driven…
Minefinders puts Dolores project on fast track
Considered a potential takeover candidate, Minefinders (MFL-T) raised $10 million earlier this year with the objective of advancing its wholly owned Dolores gold-silver project in Mexico’s Chihuahua s…
Explorers ride silver wave in Mexico
Vancouver — Latin American massive sulphide deposits have emerged from the shadows over the past decade, and explorers, despite facing historically low base metal prices, continue to advance discover…
Manhattan eyes financing (October 21, 2002)
Subject to regulatory approval, Manhattan Minerals (MAN-T) will privately raise $2.5 million for its Tambo Grande polymetallic project in Peru.An independent feasibility of the property is under way; …
Partners pursue copper bioleaching project
A Canadian industrial holdings group has joined the joint venture consisting of Canadian-Australian junior BacTech Enviromet (YBA-V), South African metallurgical researcher Mintek and Mexican mining h…
Newmont turns Black Hawk down
Newmont Mining (NEM-N) has decided not to act on an option to earn earn a 55% stake in Black Hawk Mining’s (BHK-T) exploration properties in Nicaragua.Newmont had already sunk US$1.5 million into expl…
Markets stage stunning rally
The period ending Oct. 15 saw a dramatic surge in the broad U.S. markets, with both the Dow Jones Industrial Average and the S&P 500 index surging more than 10% to 8,255.68 and 881.27 points, respecti…
The Northern Miner — North American Mining Index (October 21, 2002)
65.44 (-0.20)(Sept. 30/98 = 100)…