Shareholders approve sale
Denver — Shareholders of Ashanti Goldfields (ASL-N) have approved the sale of half of the Geita mine to AngloGold (AU-N). The mine is in the Lake Victoria region of Tanzania.Ashanti’s two principal s…
Articles by Northern Miner Staff
Kimberlites found at Ekati
Drilling this past summer at the Ekati mine property in the Northwest Territories resulted in the discovery of 11 additional kimberlite pipes, raising the number of confirmed kimberlites to 136.Nine o…
Northern Miner Indices (December 04, 2000)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T20.6ComincoCLT-T4.0FalconbridgeFL-T6.9Franco-Nevada MiningFN-T5.3Freeport McMoRan Cop’r BFCX-N4.6Homestake MiningHM-N4….
Rio sidelines De Beers in Ashton bid
London-based Rio Tinto (RTP-N) has received acceptances for 94.7% of the shares of Australia-listed Ashton Mining.The British major has further extended its offer to Dec. 13 to allow the remaining sha…
Billiton wins La Granja lottery
Denver — After week’s delay caused by the resignation of Peruvian President Alberto Fujimori, London-based Billiton has won its bid for a 5% royalty interest in the giant La Granja copper property.Bi…
External stakeholders
As the mining industry grows globally, companies are being forced to become more accountable to a wider array of stakeholders, according to a global survey by Amsterdam-based KPMG International.Forty-…
Stillwater inks long-term sales contracts
Denver — Stillwater Mining (SWC-X) has renegotiated and extended its long-term sales contracts to take advantage of bullish prices in platinum and palladium markets.The new arrangements establish hig…
Kinross drills George Lake
Impressed by drill results from the George Lake property in Nunavut, Kinross Gold (K-T) has decided to extend the program by 9,000 metres.Kinross can earn a 70% interest in the property from Wheaton R…
Dairi project continues to grow
International Annax Ventures (IAX-V) continues to intersect high-grade mineralization at the Dairi zinc-lead project, in northwestern Sumatra, Indonesia.Sectional drilling in the Anjing Hitam area of …
Northair tables Lobos trench results
Results from mechanized trenching indicate that the Lobos gold project, in Mexico’s Sinaloa state, has bulk-tonnage potential, according to International Northair Mines (INM-V).The property lies along…
Gitennes to drill massive sulphide showing in BC
Vancouver-based Gitennes Exploration (GIT-T) has arranged a brokered $300,000 private placement financing to fund further exploration of the Fox massive sulphide showing in southern British Columbia.I…
Producer and Dealer Prices (December 04, 2000)
Antimony: Mid-mkt US$1,510/t.Bismuth: Mid-mkt US$3.85/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US…