Bre-X extends gold zone
A second phase of drilling continues to expand the potential of the Busang gold project in East Kalimantan, Indonesia. In addition, operator Bre-X Minerals (ASE) reports that mapping work has extended…
News
NEWS ROUNDUP — Western Copper in Mexico
Intent on acquiring the copper property known as El Salvador, Western Copper (TSE) is venturing into central Mexico. The junior can earn a full interest by spending US$1.5 million on exploration over …
Expansion planned at Porgera
A $77-million expansion plan has been approved for the Porgera gold mine in Papua New Guinea (PNG). Vancouver-based Placer Dome (TSE) holds an 18.9% interest in the joint venture. Among the other part…
Metall on road to recovery
Three factors — higher metal prices, production from two new mines, and the purchase of an interest in a smelter — helped strengthen Metall Mining’s (TSE) performance in the third quarter. The compa…
Derivatives revolutionize gold markets, says author
Timothy Green, author of The World of Gold, has kept a close eye on gold markets for much of the past three decades. That was a relatively easy task years ago, he says, when it was a straightforward p…
Ridgeway deal nixed
The Ridgeway gold mine in South Carolina is back on the auction block following the announcement that Kinross Gold (TSE) and Kennecott Minerals have terminated their negotiations. In October, Kinross …
Eldorado boosts La Colorada tonnage
Development drilling at La Colorada mine property near Hermosillo, Mexico, is proving successful for owner Eldorado (TSE). The proven and probable mineral resource is now estimated at 12 million tons …
EDITORIAL PAGE — Chretien and Team Canada
Canadians are experiencing something they have not felt for some time — widespread approval for an initiative launched by the prime minister. Jean Chretien’s recent trade mission to China was much mo…
More copper-gold at Lorraine property
Drilling on the Lorraine property in north-central British Columbia continues to return copper-gold intersections. Lysander Gold (VSE) is acquiring a 100% interest by spending $100,000 and issuing 200…
LETTERS TO THE EDITOR — International coverage overshadows
I have been a reader of The Northern Miner since 1928 in Cobalt, Ont., and never thought I would ever see the day when an entire front page (T.N.M., Oct. 31/94) covered only stories of out-of-country …
METALS COMMENTARY — Action brisk for base metal markets
Base metal markets are brisk in all respects. Smelters and refineries are running flat out, constrained only by their ability to acquire mine feed, and all publicly traded metal prices surged upwards …
COMMENTARY — The growing demand for nickel
In its weekly “Metals” report, Billiton Metals comments on the nickel market and the metal’s recent wide trading band and price rebound: Speculative activity was partly responsible for nickel’s renewe…