Cumberland gets $1.3m
Cumberland Resources (cbd-t) has closed a private placement for 1.2 million units that will bring in about $1.3 million for work at the Meadowbank gold project in Nunavut.A million of the units are be…
Articles by Northern Miner Staff
Discoveries by McWatters, Noranda highlight 2000
The dreary state of metal markets failed to deter several domestic explorers from advancing their projects in 2000. Leading the pack was McWatters Mining, which began the year with a fourfold increase…
Rio outlines diamond project
Denver — Rio Tinto (RTP-N) has tabled a new resource estimate for the Murowa diamond project in south-central Zimbabwe.A feasibility study confirms the presence of mineralization in three kimberlites…
Mergers dominate lacklustre year in US mining
Denver — The year 2000 began on a note of optimism for mining in the U.S. The Washington Agreement, an accord of Europe’s top bullion-holders that aims to regulate and limit sales, promised to revive…
Ranger ups stake in General
Denver — Australia’s Ranger Minerals has agreed to a second private placement in General Minerals (gnm-t), giving it a controlling stake in the Denver-based junior.Ranger will buy an additional 15 mi…
Year of the Survivor for mining industry
Age and guile beat youth and energy in 2000, as companies fought for survival.Survival of the fittest was the overarching theme of the year as exploration and mining companies competed for life-sustai…
Year is capped by Aber’s sale of Snap Lake to De Beers
Aber Diamond (ABZ-T) has agreed to sell its 32.24% interest in the promising Snap Lake project to South Africa’s De Beers Consolidated Mines (DBRSY-Q) for $173 million.The move came just days after Lo…
Surviving 2000
Like castaways stranded on a desert island, exploration and mining companies began the year 2000 struggling for survival and longing for a return to the days of gold and glory. As they pondered the fi…
News – 01-JAN-01 (January 01, 2001)
Anglo starts airborne EM at Aripuana
Partners Anglo American (AAUK-Q) and Karmin Exploration (YKA-V) have started an airborne electromagnetic survey over their Aripuana massive sulphide property in Brazil’s Mato Grosso del Norte state.Th…
Drill program expanded at Foy
Vancouver — Armed with new geophysical data, Aurora Platinum (ARP-V) has increased the drill metres for its current program on the Foy nickel-copper-platinum-palladium property, near Sudbury, Ont.An …
Low commodity prices, high costs cast pall over 2000
Vancouver — The brutal combination of high costs and weak commodity prices translated into more mine closures than openings in the past year. Several companies were forced to suspend mining and devel…