Articles by Northern Miner Staff

Australia top destination for exploration spending

Australia attracted 17.3% of global exploration funding last year, more than any other country in the world, though spending fell 19% to A$676.3 million from the previous year. Gold was the main targe…



Palabora prepares for long strike

Denver — Palabora Mining is settling into what could be a long strike, after negotiations failed to reach an agreement over a 3-week walkout at the Palabora copper mine in South Africa.The company, a…


CDNX starts summer selloff

Vancouver — Canada’s junior exchange lost ground on all fronts over the report period ended June 19. The Canadian Venture Exchange composite index slumped 68.49 points, or 2%, to close at 3,275.90. T…


Northern Miner Indices (June 25, 2001)

NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T19.3ComincoCLT-T5.1FalconbridgeFL-T6.7Franco-Nevada MiningFN-T6.3Freeport McMoRan Cop’r BFCX-N6.7Homestake MiningHM-N4….


Metal Prices (June 25, 2001)

BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)June 19June 18June 15June 14June 13Aluminium1467/1493.50…


Rough sales hurt by slowdown

In the first half of 2001, sales of rough gem diamonds by the Diamond Trading Co. (DTC), the marketing arm of De Beers, were hampered by a slowdown in the global economy, particularly in the U.S., whi…


Magino gets resource boost

Vancouver — An updated resource estimate on Golden Goose Resources’ (GGR-V) Magino project, near Wawa, Ont., may put some life back into the past-producer.Timmins-based Reddick Consulting tabled a to…


Etruscan adds to land holdings in Mali

Through a wholly owned subsidiary, Etruscan Resources (EET-T) has taken on two more exploration permits in Mali, thereby increasing its exposure to the geologically prospective Mali West shear zone.Th…


Anzex drills Woodlawn

Vancouver-based Anzex Resources (AZX-V) has completed two holes of a 4-hole drilling program at its Woodlawn platinum prospect in Southland, New Zealand.Assay results are pending, though the company s…


Int’l Annax hot on Dairi

Vancouver — In North Sumatra, Indonesia, International Annex Ventures (IAX-V) is busy expanding its Anjing Hitam (“Black Dog”) zinc-lead deposit.The high-grade, sedimentary-exhalative massive sulphid…


Quebec business elite salute Noranda Magnesium

Quebec’s business community has singled out Noranda’s Magnola metallurgical plant, in Asbestos, for its contribution to the provincial economy.The plant is operated by Noranda Magnesium, a representat…


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