Broad market slumps again
Although trading resumed on Sept. 13, the Toronto Stock Exchange was unable to weather the storm caused two days prior by the terrorist attacks in the eastern U.S. Consequently, the 300 index sank 204…
News
Trans Hex tests second target
Denver — A make-or-break exploration program by Trans Hex International (THI-T) is under way at the Barra Grande alluvial diamond project in Brazil.The junior is earning a 50% interest in the project…
Staff Investment Policy (September 24, 2001)
The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public off…
Sudbury Contact drops Tonkin Springs (September 24, 2001)
Denver — Sudbury Contact Mines (SUD-T) has withdrawn from the Tonkin Springs joint venture in central Nevada, citing poor exploration results.The company, which was earning a 60% stake in the project…
Global Diamond struggles with bank debt
Denver — Global Diamond Resources (GDRS-O) has called upon its major shareholders to save it from financial ruin.The Standard Bank of South Africa was granted rights to liquidate the company’s operat…
Tritton takes another blow (September 24, 2001)
Teck Cominco (TEK-T) has decided not to continue work at Nord Pacific’s (NPF-T) Tritton copper project in New South Wales, Australia.Nord Pacific and Cominco had been investigating the feasibility of …
Partners boost grade
Preliminary production off the coast of Namibia is turning up higher grades for partners Diamond Fields International (DFI-T) and Trans Hex Group of South Africa.The partners report that recent survey…
Dow plunges in wake of tragedy
Denver — Nearly a week after the terrorist attacks on New York City and Washington D.C., trading resumed in a strongly negative fashion. The Dow Jones industrial average plunged 702.11 points, or 7.3…
Northgate pulls hot holes near Kemess
Vancouver — Northgate Exploration (NGX-T) has cut some impressive gold and copper grades at the Kemess North project in north-central British Columbia. The deposit is about 5 km north of the producin…
Russians step up pressure on Archangel
Denver — LUKoil, Russia’s largest oil company, is pressuring Archangel Diamond (AAD-V) to sign a document terminating all rights to the Verkhotina diamond licence in northern Russia.Archangel was giv…
Goldfields, Delta to merge
Vancouver — Goldfields and fellow Australian gold miner Delta Gold have inked a merger deal that will catapult the new company to the million-ounce-per-year level. The merged entity will rank as one …
Dianor investigates anomalies (September 24, 2001)
Dianor Resources (DOR-M) has begun field work over 14 airborne magnetic anomalies in the James Bay region of Quebec.The anomalies are clustered in a 100-sq.-km area, within granitic terrain near sever…