Otish rocks diamondiferous (December 17, 2001)
Vancouver — Diamond counts have determined the favourable nature of two kimberlitic bodies in the Otish Mountains…
Articles by Northern Miner Staff
Bema Gold raises $7 million for Julietta
Vancouver — Bema Gold (BGO-T) has arranged a $7 million financing through Canaccord Capital and Haywood Securitie…
BC committed to geoscience
The government of British Columbia is committed to building a thriving private-sector economy that creates high-paying job opportunities, including those in the mining and mineral exploration industry…
Altius, Barrick seek Carlin-type deposits
Vancouver — Altius Minerals (ALS-V) and Barrick Gold (ABX-T) are jointly exploring Newfoundland’s Botwood Basin for Carlin-type deposits.Barrick stands to earn a 75% interest in six properties by fun…
LME Warehouse Levels (December 17, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 11/01 (change from Dec. 4 in brackets):MetalStock (tonnes)ChangeAluminium760150(…
Exchange Rates (December 17, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 11Dec. 10Dec. 7Dec. 6Dec. 5US$ in C$1.57781.57831.57241.5767…
Wolfden adds to Red Lake portfolio
Wolfden Resources (YWO-V) has added to its land position in the rejuvenated Red Lake mining district of northwestern Ontario by agreeing to take over the Skinner gold project.To acquire the 20.3-sq.-k…
US rate cut spooks northern investors
The biggest news of the Dec. 5-11 report period came from south of the border, where the U.S. Federal Reserve Board knocked another 25 basis points off the federal funds rate, thereby reducing it to i…
Green light flashes for Thunderbox mine
Partners LionOre Mining International (LIM-T) and Australian-listed Dalrymple Resources will proceed with development of the Thunderbox gold project in Western Australia.With a 4-year finance facility…
CDNX loses ground on new S&P index
Vancouver — The Canadian Venture Exchange launched a new composite index during the week ended Dec. 11. Based on market capitalization, the Standard & Poor’s-CDNX Composite Index is meant to provide …
Codelco plans copper cuts (December 17, 2001)
Vancouver — The world’s largest copper producer has finally entered the fold of the other majors by announcing it will cut output by at least 100,000 tonnes in 2002.The move by Chile’s state-owned Co…
Algoma Steel wins more time
Century-old steel producer Algoma Steel (ALG-T) is breathing a sigh of relief after the third time proved to be the charm for its debt restructuring.The company announced it has filed a third amended …