Ghana gov’t supports AngloGold-Ashanti tie
The government of Ghana has expressed its support of the planned US$1.7-billion merger between Ashanti Goldfields (ASL-N) and AngloGold (AU-N).The government agreed to vote its 16.9% stake in Ashanti …
Articles by Northern Miner Staff
Shakespeare tests positive
Test milling of drill core samples from the Shakespeare copper-nickel project west of Sudbury, Ont., has recovered a bulk copper-nickel concentrate.The testing, done by SGS-Lakefield Research for proj…
Spot Prices Wednesday, Dec. 16, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$409.70+1.45Silver$5.66 +0.12Platinum$826.00+27.00…
Rio Narcea to drive ramp at Aguablanca (December 22, 2003)
Anxious to catch the peak of nickel prices, Rio Narcea Gold Mines (RNG-T) plans to begin developing its Aguablanca underground nickel project in western Spain even before open-pit mining starts.Aguabl…
Partners step up work at Windfall Lake
With results from the remaining holes now in hand, partners Fury Explorations (FUR-V), Alto Ventures (ATV-V) and Noront Resources (NOT-V) are preparing for their next drill campaign at the Wind…
GFMS tables Russian report
Since emerging from its financial crisis in 1998, the Russian economy has improved significantly, which is reflected in its mining sector, according to a report from Gold Fields Mineral Services (GFMS…
Editorial Cartoon (December 22, 2003)
What might have been
To almost nobody’s surprise, the past week saw another controversial mining development stalled. On Dec. 10, Minera de Centro del Peru (better known as Centromin) gave notice it was terminating the ag…
Junior exchange slumps as investors take profits
Vancouver — Canada’s junior exchange took a hit over the week ended Dec. 16 as investors took profits prior to the Christmas holiday. The S&P-TSX Venture Exchange composite index lost 61.78 points, o…
EPA seeks co-operation from Teck Cominco
The U.S. Environmental Protection Agency could proceed with legal action against Vancouver-based Teck Cominco over pollution of a river system that straddles the U.S.-Canada border.The EPA alleges tha…
Alcan secures Pechiney
With Alcan’s (AL-T) 4-billion-euro takeover bid for France’s Pechiney expiring, the Canadian aluminum giant reports that, so far, 92.21% of the fully diluted shares have been tendered.The results are …
Northern Miner Indices (December 22, 2003)
CompanyTickerWeightBarrickABX-T17.1%CamecoCCO-T3.3%FalconbridgeFL-T5.0%Freeport McM BFCX-N8.2%GoldcorpG-T4.3%IncoN-T8.7%Kinross GoldK-T4.3%Newmont MiningNEM-N24.1%NorandaNRD-T5.0%P…