Chile tops for mining investment
For the second straight year, Chile has been selected as the most attractive region in the world for mining investment in a survey of companies conducted by the Fraser Institute.Executives from compan…
Articles by Northern Miner Staff
Olympus tables Phuoc Son resource
Vancouver — Olympus Pacific (OYM-V) has tabled an independent resource estimate of its Phuoc Son gold project, 90 km southwest of the seaport city of Da Nang in central Vietnam.Watts Griffis & McOuat…
Barrick reworks Highland deal (February 09, 2004)
Barrick Gold (ABX-T) has decided to take a smaller stake in Russian-based Highland Gold Mining than previously planned, preferring instead to invest directly in mines in the world’s largest country.Ba…
Amador drills Cedar Island
A 10,000-metre drill program is under way at the KPM property, 60 km west of Kenora, Ont. Amador Gold (AGX-V) is drilling the past-producing property in order to expand a known gold resource and test …
African rains dampen Iamgold’s output
All in all, 2003 was a productive year for Iamgold (IMG-T), which cranked out 421,000 attributable ounces at a weighted cash cost of US$225 per oz.Still, output was 2% lower and cash costs 5% higher t…
LME Warehouse Levels (February 09, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 3 (change from Jan. 26 in brackets):MetalStock(tonnes)ChangeAluminium1442150(-98…
Lamaque drilling cuts gold
Drilling by Kalahari Resources (kla-v) at its Lamaque project in northwestern Quebec has returned more gold intersections. The company tested two magnetic anomalies, T-06 and T-03, on the property. At…
Canadian Mining Hall of Fame welcomes four new members
The newest inductees into the Canadian Mining Hall of Fame served their companies in widely differing roles, from explorer to developer to deal maker, but all four men proved to be invaluable contribu…
Apex raises US$161m
The report period Jan. 28-Feb. 3 may have been more remarkable for what didn’t happen than for what did. Reaction to the U.S. Federal Reserve’s Open Market Committee dominated the U.S. equity markets …
Sunridge explores in Eritrea (February 09, 2004)
Two drills are testing the Debarwa copper-gold deposit in Eritrea. The near-surface, volcanogenic massive sulphide deposit is part of the 1,400-sq.-km Asmara project held by partners Sunridge Gold (SG…
Diamond exploration heats up in Nunavut
BHP Billiton (BHP-N) has uncovered nine weakly to moderately diamondiferous kimberlites at its Qilalugaq property, near Repulse Bay in Nunavut.A test sample of 9.1 tonnes of kimberlite collected from …
The markets stand corrected
The shock in the bullion markets at the end of January left some people wondering if the long-awaited gold bull had met a sudden end.What caused the US$10 drop was an announcement from the Federal Ope…