Placer extends AurionGold offer (October 16, 2002)
Vancouver — With AurionGold now recommending that shareholders accept Placer Dome’s (PDG-T) $1.2 billion takeover…
Articles by Northern Miner Staff
Trading Summary (October 15, 2002)
Toronto’s gold index, suffering from a US$5.10-per-oz. drop by gold to US$312.40 per oz. in New York, dropped 3.74…
Placer prevails as AurionGold caves in (October 15, 2002)
Vancouver — It may have taken five long months but Placer Dome (PDG-T) has finally won over AurionGold’s managemen…
LionOre gets the nod down under
In a more cordial Australian takeover story, LionOre Australia (Nickel) independent director, Chris Baker, is advis…
IFC drops Rosia Montana
Facing pressure from environmental groups and non-governmental organizations, International Finance Corp., the Worl…
Rio Tinto wins employment award in Australia
Rio Tinto has won the Australian government’s Outstanding Organization award for providing jobs to Aboriginals Down Under.At the awards ceremony in Canberra, Employment Minister Tony Abbott said the L…
Mindoro begins drilling
Vancouver — Mindoro Resources (MIO-V) has launched a 1,100-metre drill program at the Valderam a zone, part of its Pan de Azucar copper-gold project in the Philippines.Last year, in partnership with …
TSE Short Positions (October 14, 2002)
Short positions outstanding at September 30, 2002Larger individual positions includeAber Diamond 266,148 up 166,101; Agnico-Eagle 5,281,468 down 638,517; Alcan 807,019 down 297,537;…
Junior market takes it on the chin
Vancouver — Halloween came early for investors in Canada’s junior exchange as sellers drove the market to yet another 52-week low during the report period ended Oct. 8. The Standard & Poor’s-TSX Vent…
Producer and Dealer Prices (October 14, 2002)
Antimony: Recent trades US$3,200-3,300/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium>: Mid-mkt US$0.31/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.00-6.80/lb.Copper: Comex Dec US$0.6645/lb…
Striking miners shot in Johannesburg
Two security guards at a mine near Johannesburg were charged after allegedly opening fire on striking miners, killing two and injuring 14 others.The miners had been trying to pull down a fence to gain…
Ashton, Soquem find eighth kimberlite
Ashton Mining of Canada (ACA-T) and Soquem have wrapped-up a summer field season in the Otish Mountains region of north-central Quebec with the discovery of an eighth kimberlitic body.Renard 8 was fou…