Articles by Northern Miner Staff


Mining stocks weaken

U.S. stock markets edged lower in the reporting period July 21-27, and for the most part mining equities — in both precious and base metals — edged along with them. The Dow Jones Industrial Average was off 0.6%, falling 63.93 points to 10,085.14…


Bema lands Kupol loan

Vancouver — A US$60-million loan by a major German bank is encouraging Bema Gold (BGO-T) to develop the Kupol gold-silver project in northeastern Russia. The loan should ease investors’ concerns over jurisdictional issues surro…


Drilling by Stikine hits ‘marker’ horizon

Vancouver — Deep drilling by Stikine Gold (SKY-V) at its Sullivan Deeps project, 4 km north of the Sullivan lead-zinc mine in southeastern British Columbia, has intersected an important geological “marker” horizon.


Lax safety standards cause death: report

A report from the U.S. Mine Safety and Health Administration says sloppy safety practices contributed to the death of Gary Keeton, 57, at the No. 7 coal mine in Brookwood, Ala. The mine is operated by Jim Walter Resources, a subsidiary of Tampa, F…


Price volatility expected for copper

Although copper recently lost its upside momentum, we believe downside risk to prices is limited beyond technical support targets because of sheer physical shortages and modest speculative length. However, high price volatility is likely to persis…


Dia Bras options Mexican project

Vancouver — Through an option agreement, Montreal-based Dia Bras Exploration (DIB-V) can acquire the Promontorio gold-silver-copper property in northern Mexico by paying US$3 million in cash over five years.


UN says Congo mine poses health risk

United Nations investigators say illicit mining at the Shinkolobwe uranium mine in east Congo is putting thousands of locals at risk of contracting cancer because of high radiation levels. They also warn that the nuclear ore, if left unpoliced, co…



Goldcorp fattens nest egg

Goldcorp (G-T) saw its second-quarter earnings nearly halved to US$9.2 million as the company withheld a third of its production to rebuild its bullion hoard.



Alcoa boosts output at smelter

Alcoa Aluminio, a wholly owned Brazilian subsidiary of Pittsburgh-based Alcoa, plans to boost its share of aluminum capacity by 30%, or 63,000 tonnes per year, at the Sao Luis (Alumar) aluminum smelter in Brazil.


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