Ashton closes placement
Ashton Mining of Canada (ACA-T) has topped up its treasury with the sale of just under 1.3 million units priced at 75 each. Proceeds are estimated at $940,000.Each unit consists of one flow-through s…
Articles by Northern Miner Staff
Freeport returns Grasberg to full capacity
Denver — Freeport-McMoRan Copper & Gold (FCX-N) has returned the Grasberg mine in Indonesia to capacity.Throughput at the giant copper-gold complex, situated in Irian Jaya, had been limited to 200,00…
Storliden deposit green-lighted
Swedish-listed North Atlantic Natural Resources, in which Boliden (BOL-T) and South Atlantic Resources (SCQ-V) each own a 38% equity stake, has resolved a dispute pertaining to the environmenta…
Testing the testers
In the recent evaluation of mineral industry standards, questions were raised about the reliability of assays. Now in its fourth year, The Proficiency Testing Program — Mineral Analysis Laboratories …
Obituary: C. Carbonneau
Cme Carbonneau, founding president of the Quebec Crown corporation Soquem and a former professor of geology at cole Polytechnique in Montreal, has died. He was 77.Born in November 1923 in Sainte-Foy…
Exchange Rates (January 08, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJan. 2Jan. 1Dec. 29Dec. 28Dec. 27US$ in C$1.4963Holiday1.50021.50…
Northern Miner Indices (January 08, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T20.7…
Metal Prices (January 08, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJan. 2Jan. 1Dec. 29Dec. 28Dec. 27Aluminium1566.50/1…
More diamonds reported from Destiny
Surface sampling at the Destiny diamond showing, 25 km north of Wawa, Ont., has yielded additional diamonds from a lamproite dyke.The sampling, by Pele Mountain Resources (YPN-V), recovered 42 diamond…
Charges ruled out in Frailes spill
A Spanish judge has ruled that criminal charges should not be laid in connection with the April 1998 tailings spill at the Los Frailes base metal mine in southwestern Spain, owned by a subsidiary of B…
Summo confirms Doctor mineralization
Preliminary drilling by Summo Minerals (SMA-T) has confirmed the presence of zinc mineralization at the former producing Doctor mine in Gunnison Cty., Colo.Between 1900 and 1938, Doctor cranked out 75…
Avalon encounters tantalum at Lilypad
Avalon Ventures (AVL-V) and privately held partner Global Canada have released encouraging results from an 8-hole, 1,094-metre program of diamond drilling on the Lilypad Lakes tantalum project, near P…