Boliden bows to legal pressure
Citing uncertainties associated with a lawsuit brought forth by Falconbridge (FL-T) and Noranda (NOR-T), Boliden (BOL-T) has decided to sell those companies its adjoining Lomas Bayas and Fortun…
News
Virginia forms alliance with Noranda (June 18, 2001)
With dozens of projects on the go, Virginia Gold Mines (VIA-T) is doing more than its share to keep exploration alive in the vast wilderness of northern Quebec. The junior is also receiving financial …
Northern Miner Indices (June 18, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T19.3ComincoCLT-T5.1FalconbridgeFL-T6.7Franco-Nevada MiningFN-T6.3Freeport McMoRan Cop’r BFCX-N6.7Homestake MiningHM-N4….
Goose Lake lays more golden eggs
Kinross Gold (K-T) has increased the size of the Goose Lake gold deposit, the largest of six comprising the George Lake project in Nunavut.Kinross can earn a 70% interest in George Lake from Wheaton R…
Boyongan gets bigger
Vancouver — Impressive drill results keep rolling in from the Boyongan copper-gold prospect at the North property…
Weda Bay advances Halmahera (June 15, 2001)
Vancouver-based Weda Bay Minerals (WDA-T) has tabled a positive prefeasibility study at its laterite nickel-cobalt…
Rhonda confirms large kimberlite body
Vancouver — The first three holes of a planned five-hole drilling campaign have cut wide zones of kimberlite from…
Klondike seeks Sullivan-type deposit
Vancouver — With Cominco’s (CLT-T) prolific Sullivan base metal mine slated for closure later this year, Klondike…
Stillwater suffers third fatality
A Thyssen Mining Construction of Canada employee has been killed as a result of an accident at Stillwater Mining’s…
Crew ups stake in Asia Pacific
Asia Pacific Resources (APQ-T) has completed a private placement of more than 5.6 million units at 55 apiece for t…
Rio Tinto takes aim at Canada
Robert Wilson, chairman of London-based Rio Tinto (RTP-N), has declared that he sees an expanding future for his co…
Trading Summary (June 15, 2001)
An earnings warning by market heavyweight Nortel Networks dragged the Toronto Stock Exchange down for the fourth st…