‘Quebec Inc.’ backs Niobec purchase
A inflow of cash from Quebec’s biggest institutions has allowed Quebec City-based Mazarin (MAZ-T) to close the $48-million acquisition of Teck’s (TEK-T) half-interest in the Niobec niobium mine in the…
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Kvaerner wins safety award
Kvaerner, the London-based engineering and construction group, has received a safety award for its work at the El Tesoro copper project, near Antofagasta, Chile.The award, presented by the local, non-…
Northern Miner Indices (April 09, 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….
DiamondWorks completes Lyndhurst transaction
Following a 20-to-1 share consolidation, DiamondWorks (dmw-t) has completed a restructuring agreement with Lyndhurst, a privately held, British-based mining holding company.Under the deal, DiamondWork…
No resource yet at Sepola
Resource Service Group is rejecting widely publicized claims that it had quantified a significant resource at the Sepola gold project in Mali for owner Hyundai.Rick Yates, director of the Australian-b…
NAP bumps up reserves
North American Palladium (PDL-T) has blocked out 17% more palladium ore at its Lac des les palladium mine in northwestern Ontario.The mine now boasts a reserve of 96.2 million tonnes grading 1.55 gra…
Franco trades mine for 20% of Normandy
A market that was plainly awaiting a merger announcement may have been nonplussed, but Franco-Nevada Mining (FN-T) has agreed to exchange the Ken Snyder mine, the Midas property and Australian assets …
BHP aims to boost ownership of Ekati mine
Ending months of speculation, Australia’s BHP (BHP-N) has emerged as the only bidder for Dia Met Minerals (DMM-T) and its 29% stake in the Ekati diamond mine in the Northwest Territories.BHP has offer…
Campbell, MSV, GeoNova plan merger
Three struggling juniors active in the Chibougamau region of northern Quebec — Campbell Resources (CCH-T), MSV Resources (MSV-T) and GeoNova Explorations (GNE-M) — have reached a preliminary…
Ivanhoe homes in on discovery
Ongoing exploration at a new gold discovery in South Korea has returned more encouraging results for Ivanhoe Mines (IVN-T).Ten trenches dug across one of the veins yielded 1.2-102.1 grams gold and 0.6…
Implats gains 30% of Zimplats, Ngezi mine project
Were it not for the ominous shadow of Zimbabwe’s president, Robert Mugabe, Australian-listed Zimbabwe Platinum Mines (Zimplats) might have already developed its Ngezi open-pit mine and various other h…
Revival planned for CanTung mine
Armed with funds provided by two end-users of tungsten, North American Tungsten (NTC-V) is aiming to revive the dormant CanTung mine in the Northwest Territories, near the Yukon border.The Vancouver-b…