Wolfden acquires past producer (July 02, 2001)
Wolfden Resources (YWO-V) intends to buy the past-producing Argosy gold property in the revived Red Lake mining district of northwestern Ontario.To do so, Wolfden must spend $10,000 in cash and issue …
Articles by Northern Miner Staff
Anglo steps up work at Aripuana
This year, Anglo American will spend at least $1.1 million exploring the Aripuana volcanogenic massive sulphide project in Brazil — a joint venture with Toronto-based Karmin Exploration.Ground geophy…
Quake disrupts copper mine in Peru
Denver — Southern Peru Copper (PCU-N) has shut down operations at the Toquepala copper mine after an 8.1-magnitude earthquake shook the country in late June.Operations resumed days later, with no inj…
Metal Prices (July 02, 2001)
DateJune 26June 25June 22June 21June 20BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)…
Teck settles tax dispute
Teck has settled a dispute with the Canadian income tax authorities.The company deposited $75 million with the Canada Customs and Revenue Agency against a possible income tax reassessment. In light of…
Barrick-Homestake merger shakes gold market
Spicing up an otherwise bland week, Barrick Gold, on June 25, announced its intention to purchase American rival Homestake Mining in a paper deal worth US$2.3 billion.The all-share, friendly offer cau…
Victoria Island search resumes
Diamond-explorer Major General Resources (MGJ-V) has begun ground geophysical surveys of 20 airborne magnetic anomalies on Victoria Island in Nunavut, in preparation for drilling.The anomalies were de…
Union workers halt zinc smelter in Peru (July 02, 2001)
Denver — Production of refined zinc at the Cajamarquilla smelter near Lima, Peru, has ceased after 350 unionized workers walked off the job.The union and Cominco (CLT-T), which owns 82% of the plant,…
Longwall research gets funding
The Australian Coal Association (ACA) will fund a 3-year, A$4-million project to research longwall automation.The work will be conducted jointly by the Cooperative Research Centre for Mining Technolog…
Golden Star, Barnex sign Prestea purchase deal
Denver — Golden Star Resources (GSC-T) has cleared another hurdle in the acquisition of the Prestea mine in southwestern Ghana.The Denver-based company agreed to acquire former operator Barnato Explo…
Corriente tables new resources (July 02, 2001)
Vancouver — The Panantza and San Carlos copper projects in Ecuador could potentially produce a combined 50,000 tonnes per day and generate a 6.7% internal rate of return, according to a preliminary s…
CanTung mine set to reopen doors
Vancouver — Armed with $6.5 million in financing, North American Tungsten (NTC-C) plans to restart its wholly owned CanTung mine, in the Northwest Territories, by year-end.The company recently entere…