Magnola late to bloom
Already well behind schedule, Noranda (NRD-T) has again revised the startup date for commercial production at its M…
Articles by Northern Miner Staff
Clouds rain red for Akrokeri-Ashanti
Unable to mine waterlogged, higher-grade material at its Bonte alluvial gold mine in Ghana, Akrokeri-Ashanti Gold M…
Daily Metal Prices (November 25, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateNov. 19Nov. 18Nov. 15Nov. 14Nov. 13Al Alloy1305/130…
Etruscan, Mountain Lake celebrate mining foray
Ventersdorp, South Africa — What it lacks in size, this country’s newest alluvial diamond mine makes up for in quality and potential.Operator Etruscan Resources (EET-T) and minority partner Mountain …
NovaGold earns 70% interest in Donlin
Vancouver — Just 15 months after signing the option agreement, NovaGold Resources (NRI-T) has spent the required US$10 million on exploration to earn a 70% interest in Alaska’s Donlin Creek gold depo…
Emerald interest heats up
Vancouver — In the autumn of 1998, field geologist Bill Wengzynowski sparked a flurry of exploration activity by discovering an occurrence of emeralds on Expatriate Resources’ (EXR-V) Goal Net base m…
Merger trio almost in black
Two of the three mid-tier gold producers planning a friendly merger made money in the third quarter of 2002, but the biggest, Kinross Gold (K-T), is still in the red.Echo Bay Mines (ECO-T) made US$3.7…
Producer and Dealer Prices (November 25, 2002)
Antimony: Mid-mkt US$2,800/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.55/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.50-7.10/lb.Copper: Comex Dec US$0.727/lb.
GREATEST VALUE TRADED, NOV. 13-19
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N30334525.2023.5123.66-0.62…
Gold Hawk dives as Meridian bails
Shares of Montreal-based junior Gold Hawk Resources (CGK-V) took a tumble after operator Meridian Gold (MNG-T) decided to drop the Machacala gold-silver project in Peru.In a prepared statement, Gold H…
LME Warehouse Levels (November 25, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 19 (change from Nov. 12 in brackets):MetalStock(Tonnes)ChangeAluminium1289125(+2…
Ceramics fuel feldspar demand
Strong growth in the production of ceramics, particularly in Italy, Spain and China, continues to push up demand for feldspar, according to a report by London-based Roskill Information Services.The st…