Staff Investment Policy (April 23, 2001)
The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public off…
Articles by Northern Miner Staff
CVRD focuses on mining
Denver — Brazil’s iron-ore giant Companhia Vale do Rio Doce (RIO-N) has sold its interest in steelmaker Companhia Siderurgica Nacional (SID-N) in order to focus on its mining and transportation busin…
Crystallex drills at Lo Incredible
Gold exploration in Venezeula is a shadow of what it was in the late 1980s, but several juniors, including Crystallex International (KRY-T), remain active in the region.Crystallex recently secured con…
Codelco set to expand in competitive market
Denver — The world’s largest producer of copper, Corporacion Nacional del Cobre de Chile (Codelco), is scrambling to stay on top of the game following a recent spate of mergers.The Chilean state-owne…
Southern Peru plans Ilo smelter upgrade
Denver — Southern Peru Copper (PCU-N) has raised US$400 million to finance modifications to the Ilo smelter, expansion of the Toquepala copper mine and construction of leaching circuits at the Cuajon…
South Atlantic sells Coromandel
Vancouver-based South Atlantic Resources (SCQ-V) has sold its Coromandel diamond project to Black Swan Resources (BSW-T) for US$1.4 million, payable over four years.Black Swan has other alluvial diamo…
Gammon Lake drills Belen structure at Ocampo
Halifax-based Gammon Lake Resources (GAM-T) will perform underground exploration drilling on the Belen structure at its Ocampo gold-silver property in Mexico’s Chihuahua state.Belen is an extension of…
Black Hawk eliminates debt
Black Hawk Mining (BHK-T) has liquidated its put options to repay a debt owed to Standard Bank. The miner had the right to sell 81,000 oz. at US$261 per oz.The puts were bought in early 2000 to cover …
NEWS ROUNDUP (April 23, 2001)
GeoNova gains Bachelor Lake mineUnder the terms of a previously announced agreement, GeoNova Explorations (GNE-M) has acquired the Bachelor Lake gold-mining complex and related assets in northwestern …
Candente adds copper project to Peruvian portfolio
Candente Resource (DNT-V), a Vancouver-based junior focused on grassroots mineral exploration in Peru, has acquired the rights to a 100% interest in the Canariaco copper property in return for US$75,0…
Mining key to Dominican Republic’s reconstruction
Denver — The election of Hipolito Mejia as president of the Dominican Republic May 2000 seems to be having a positive effect on the country’s mining industry.The government recently created an agency…
Playfair Mining assesses San Miguel
An ongoing soil survey at the San Miguel property in Mexico’s San Luis Potasi state is whetting the appetite of Playfair Mining (PLY-V).All but one of the 103 samples taken to date exceeded 5,000 part…